Скачать или смотреть China's Anti-Poverty Triumphs Face New Challenges；Hong Kong Welcomes Its Third Cryptocurrency Exchan

Welcome to our 《Chinese Finance and Economy Briefing》 program. Today, we dive into the ongoing battle against poverty in China, as the city of Zhongwei faces new hurdles despite national progress. With the COVID-19 pandemic impacting livelihoods, the government is under pressure to prevent families from falling back into poverty, especially in rural areas. Experts highlight the importance of job opportunities and economic stability to keep poverty at bay.

In other news, Hong Kong is making waves in the cryptocurrency world by granting a fresh license to the Hong Kong Virtual Asset Exchange (HKVAX), marking the city's third crypto exchange. This move is part of Hong Kong's ambition to become a leader in the virtual asset industry, focusing on security and innovation. With more firms awaiting approval, HKVAX is set to provide a range of services aimed at retail investors.

Lastly, we'll explore China's central bank's recent announcement of unconventional monetary measures to stabilize the capital market. With an impressive 800 billion yuan initiative, these tools are designed to boost investor confidence and market liquidity. As Beijing takes bold steps to support its stock markets, the implications for the economy are significant. Please stay tuned for more detailed coverage!

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