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 Forex China Forex Trading China Forex Brokers in China

Forex China Forex Trading China Forex Brokers in China

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Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Beijing Mulls Blockchain-powered Forex, Chinese Crypto Searches Soar

Beijing Mulls Blockchain-powered Forex, Chinese Crypto Searches Soar
China’s most recent bout of cryptocurrency and blockchain fervor shows no sign of subsiding – with regulators stating they are already looking at applying blockchain technology to cross-border trade finance. Meanwhile, it appears that the country’s citizens are brushing up on their crypto knowledge online en masse.
https://preview.redd.it/sozpc9x183x31.jpg?width=275&format=pjpg&auto=webp&s=43b27923e6c15bdd05dda594f87af1314b5a4f12
Per reports from Reuters and Bloomberg Japan, Lu Lei, deputy head of the China’s regulatory State Administration of Foreign Exchange (SAFE]), says Chinese authorities are “studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management and will further liberalize its capital markets.”
SAFE is also looking at possible blockchain and AI use in macro-prudential management.
Lu stated,
“We need to pay special attention to the rapid development of digital finance and fintech.”
Lu’s statement came just a day after China’s parliament passed a new cryptography law, that per state media outlet Xinhua, will “facilitate the development of the cryptography business and ensure the security of cyberspace and information.”
Overseas commentators believe the law will pave the way for the imminent release of a digital version of the yuan in early 2020.
Another state-run media outlet, CCTV, confirmed that the new law would come into effect on January 1 next year, and hailed the legislation as “a comprehensive and basic law in the field of [digital currencies].”
Meanwhile, on Monday, Li Wei, head of the People’s Bank of China’s technology department, said that commercial banks should step up their application of blockchain technology to embrace digital finance, Reuters reported.
submitted by dwoinik to u/dwoinik [link] [comments]

Not sure what action to take regarding Chinese Forex scam

Hi, I'm usually a lurker on Reddit but I created this throwaway account to ask for any advice and also warn people of this scam.
I'm 99% sure my uncle fell into what I think is very clearly a Forex scam. Now our family is in deep financial troubles. We will need to liquidate all of our assets (including our home, which we live together) to pay off our debts. How it happened:
About a year ago, my uncle is approached on LinkedIn by a women claiming to know the secrets to Forex trading. She claims to be from Hong Kong and sends him several screenshots of her very successful trade and claims she makes millions and also lives an incredibly lavish lifestyle. She tells my uncle to install a 3rd party version of MetaTrader4 to get started. Of course, this gets his attention and he downloads the app and starts taking her advice and plays with the paper money. He makes some really great gains on paper and eventually she pushes him to put in real money.
He then comes to me at the beginning to ask my opinion of this situation.
So I did some initial research and I could not find ANY information about this woman's company and her existence. She literally has less than 10 connections on LinkedIn. I also noted that it was sketchy to download a 3rd party version of this app when a version of it already exists in the App Store. I also reversed image searched her profile pictures but I wasn't able to get any concrete proof she was a scammer.
I tell him that this is most likely a scam based on what I found and his paper money gains on Forex are incredulous and that even pros don't make that much money (He and I have some retail experience trading equities, so we are familiar with the basics).
I don't want him feeling down so I let him know that if he wants to try it maybe he should put in money that he can afford to lose...
Come about half a year later, my uncle confesses that he has all of his savings and on MARGIN into this "forex broker" and that he has been unable to withdraw any money from his account. Each time he doubles his money through trading, he would make another wire transfer to add money to this trading account.
He also tells me each time he tried withdrawing money, the broker requires a lump sum wire transfer of 100k to ensure the right channels are "secured" for him to transfer the money without being targeted by something among the likes of a Hong Kong Security Law. Of course, he gets convinced to make the wire transfer thinking that the gains he makes from the trades offsets this loss...
I should mention that when he calls the "head trader" at this Hong Kong forex firm, it's a young man who speaks Mandarin..
Also I should mention each wire deposit goes to a different account.
Sorry if my writing and organization isn't the best... honestly I am still so shook from writing this... I've convinced my uncle that he should not expect to get any money back from these guys. Our current financial situation is pretty f**ked as I said earlier and we will lose our homes for this. Do you guys have any advice or paths forward we should take? I'm thinking of taking this to a higher authority in Hong Kong but also we don't want to scare the scammer away. We really don't have anything on this scammer as he communicates with us through WeChat. He never answers our calls, and only calls us when we try to withdraw the money.
I appreciate any advice you guys could give me, and I'll be able to answer any question as I may have missed a couple details..
submitted by throwaway920911 to Scams [link] [comments]

Not sure what action to take regarding Chinese Forex scam

Hi, I'm usually a lurker on Reddit but I created this throwaway account to ask for any advice and also warn people of this scam.
I'm 99% sure my uncle fell into what I think is very clearly a Forex scam. Now our family is in deep financial troubles. We will need to liquidate all of our assets (including our home, which we live together) to pay off our debts. How it happened:
About a year ago, my uncle is approached on LinkedIn by a women claiming to know the secrets to Forex trading. She claims to be from Hong Kong and sends him several screenshots of her very successful trade and claims she makes millions and also lives an incredibly lavish lifestyle. She tells my uncle to install a 3rd party version of MetaTrader4 to get started. Of course, this gets his attention and he downloads the app and starts taking her advice and plays with the paper money. He makes some really great gains on paper and eventually she pushes him to put in real money.
He then comes to me at the beginning to ask my opinion of this situation.
So I did some initial research and I could not find ANY information about this woman's company and her existence. She literally has less than 10 connections on LinkedIn. I also noted that it was sketchy to download a 3rd party version of this app when a version of it already exists in the App Store. I also reversed image searched her profile pictures but I wasn't able to get any concrete proof she was a scammer.
I tell him that this is most likely a scam based on what I found and his paper money gains on Forex are incredulous and that even pros don't make that much money (He and I have some retail experience trading equities, so we are familiar with the basics).
I don't want him feeling down so I let him know that if he wants to try it maybe he should put in money that he can afford to lose...
Come about half a year later, my uncle confesses that he has all of his savings and on MARGIN into this "forex broker" and that he has been unable to withdraw any money from his account. Each time he doubles his money through trading, he would make another wire transfer to add money to this trading account.
He also tells me each time he tried withdrawing money, the broker requires a lump sum wire transfer of 100k to ensure the right channels are "secured" for him to transfer the money without being targeted by something among the likes of a Hong Kong Security Law. Of course, he gets convinced to make the wire transfer thinking that the gains he makes from the trades offsets this loss...
I should mention that when he calls the "head trader" at this Hong Kong forex firm, it's a young man who speaks Mandarin..
Also I should mention each wire deposit goes to a different account.
Sorry if my writing and organization isn't the best... honestly I am still so shook from writing this... I've convinced my uncle that he should not expect to get any money back from these guys. Our current financial situation is pretty f**ked as I said earlier and we will lose our homes for this. Do you guys have any advice or paths forward we should take? I'm thinking of taking this to a higher authority in Hong Kong but also we don't want to scare the scammer away. We really don't have anything on this scammer as he communicates with us through WeChat. He never answers our calls, and only calls us when we try to withdraw the money.
I appreciate any advice you guys could give me, and I'll be able to answer any question as I may have missed a couple details..
submitted by throwaway920911 to personalfinance [link] [comments]

Chinese Tinder Forex Scam

I have matched up with at least 9 gorgeous Chinese women from Hong Kong or Singapore who seem to follow a similar pattern, so I think this must be a scam. I wasn’t foolish enough to go all the way through with this to verify, but I figured someone else has and can validate my suspicions.
  1. Chinese girl matches with you - not in your geographic area
  2. Chinese girl is always young, beautiful, and wealthy (lifestyle includes golfing, high fashion brands, expensive resorts in photos)
  3. Chinese girl asks you for your WhatsApp almost immediately; she sends messages daily and even throws in some cute videos or pics to bait you. She may occasionally actually call you for a brief moment (to make you think it is a real woman but I suspect there is one girl calling hundreds of guys for a minute per guy)
  4. She asks you about your profession or business if you have one and says she does something very similar (to build trust and affinity)
  5. She casually brings up Forex trading and says she makes lots of money trading Bitcoin - USD or some other variation on forex
  6. She tells you to try it, that she will teach you how or even offers to introduce you to her teacher She will send you screen shots of her earnings (one woman sent me a screen shot showing she made $75,000 on a trade)
  7. Once you agree and download MetaTrader 4 as instructed (even though there is a Version 5 out), she directs you on when to execute sample trades (usually late at night during HK or Singapore opening hours)
  8. After you do several simulations (mine generated up to $14,000 per trade in profit), she asks how much you will invest in real money. She or her teacher suggest you start with $50,000 USD or more.
  9. If you prove useless or say you are not interested, she will stop contacting you.
submitted by ElJefecitodeEnsenada to Scams [link] [comments]

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA submitted by Ib90 to india [link] [comments]

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA submitted by SiliconKumarSharma to IndiaSpeaks [link] [comments]

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA submitted by Ib90 to unitedstatesofindia [link] [comments]

Chinese yuan is slowly making its way as a factor in global forex trading

submitted by silviaeconomo to currencytrader [link] [comments]

Now Comes the Panic, As Chinese Economy Falls in Deep Contraction - Forex News by FX Leaders

Now Comes the Panic, As Chinese Economy Falls in Deep Contraction - Forex News by FX Leaders submitted by ageanvelos to u/ageanvelos [link] [comments]

Forex Reforms Will ‘Deal With Cryptocurrency,’ Says Chinese Government

Forex Reforms Will ‘Deal With Cryptocurrency,’ Says Chinese Government submitted by Ranzware to BitNewsLive [link] [comments]

Chinese Gov’t: Forex Reforms Will “Deal With Cryptocurrency”

Chinese Gov’t: Forex Reforms Will “Deal With Cryptocurrency” submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Forex Reforms Will ‘Deal With Cryptocurrency,’ Says Chinese Government

Forex Reforms Will ‘Deal With Cryptocurrency,’ Says Chinese Government submitted by towjamb to ethtrader [link] [comments]

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

submitted by ConnectedInnovation to techannouncercom [link] [comments]

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot submitted by EpixDk to buyandsellbtc [link] [comments]

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot submitted by Ranzware to BitNewsLive [link] [comments]

@AlphaexCapital : Chinese yuan rises to the highest levels since mid-August https://t.co/SAP4hw4xtS #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Gold spikes higher as US impose visa bans on Chinese linked to Xinjiang abuses, but backs off https://t.co/ZdOUYaRqEO #forex #forextrading #investing

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

Forex - Dollar Slips As Chinese Data Boost Yuan, Euro, Rand

Forex - Dollar Slips As Chinese Data Boost Yuan, Euro, Rand submitted by Gdog1243 to aboutForex [link] [comments]

No Agent Taobao Direct Buying Guide! Let's view all baby and determine

Taobao Direct Guide for users familiar with 3rd party agents and navigating taobao (with chrome google translate on, hence the title)
What is Taobao direct? Basically instead of copying and pasting the item URL into the agent website, you add items to your cart like a regular ecommerce site, check out, wait for items to arrive in the warehouse (similar to what happens when you use an agent) and then when all your items from various sellers are in, you request the logistics company to send everything to you.
Disclaimer: I have no Chinese fluency written or otherwise. I did everything through Google translate and my experience with how tb works through agents. If something goes wrong I will probably write off the item 🤣 if you communicate a lot with the ts who use translators it also helps get your point across. If you type in English in tb live chat they will redirect you to the HK/tw help staff who have medium English. Also I bought items I purchased previously with an agent or vouched for here on RL or had crazy high reviews/ratings.
Pros:
Cons:
I think the ideal usage for taobao direct would be light items like innerwear, jewelry, soft/non fragile goods, generally clothing and shoes although I don’t know if they will include the box by default.
Please see here for the image guide for ordering Sorry in advance if my descriptions are wonky, I'm not great at following OR writing instructions but hopefully the screenshots make it easier to follow along.
  1. Create an account (there are various guides out there for overseas members) and go into your account and add your home address (or the superbuy warehouse address)
  2. Find your items and change the delivery location to "overseas", add to cart
  3. When you're ready to check out hit check out, enter your cc info on the alipay (remember to use a card that doesn't charge foreign transaction fees) and confirm it goes through.
  4. Wait for all your stuff to come in. When its in the tb warehouse it will show up in the "consolidated delivery" section tagged with a weight (usually volumetric or actual). The 20 day countdown will start once its available for international shipping.
  5. After all your items are in, or you can batch up by selecting items on the consolidated delivery page, submit for delivery. Pay again through alipay.
  6. Use the check logistics option to get the tracking info and wait for your haul!
  7. After receiving but before you open, take photos of it on a scale and the lxwxh with a ruler as well. This is because they will overestimate your shipping but there isn't rehearsal shipping like with agents. You can request a refund after the fact with the "refund/complaint" option on the consolidated delivery page (mine says check refund because I've already gone through it)
  8. Getting a refund: select the "only refund" option, "goods received" and "shipping cost does not match" and leave the full shipping amount in. Upload your measurement and weight photos (make sure the file size is not too big). Within 72hr they will reply and ask you to modify your application with the real amount owed (if any). It will go back to your cc through alipay (may take a few days).
Cost comparison: Even after the 5% sales tax and 3% alipay, it cost me $6.20 total from my credit card statement. A 39 yuan top up for sb is $6.53 as of today (if using paypal). For some the qc pictures and the longer storage period are well worth the difference. However a good compromise is the parcel forwarding option in sb. Instead of shipping to your house you can set up superbuy’s warehouse address and pay in taobao and wait for your items to show up in sb. You also have to submit the item link and the tracking # in superbuy so they can find your stuff. There's no sales tax and usually no shipping and you can select the coupons you want. I had a pair of pants make it to the sb warehouse almost 24hr after ordering, and another 24hr after entering my shipping info and item link in sb, it showed up in my account with free (non hd) pictures of the item. Then I cried putting together the shipping parcel lol.
This is a good way to dodge the sales tax and hold items for longer. However then you're at the mercy of the shipping costs (but you do have more options for delivery lines and you can customize how you want your items packaged too). The taobao warehouse will really throw everything in there, probably in a poly envelope.
The taobao shipping rates are 90yuan for the first .5kg and 48 yuan per every .5 after which is very competitive even after accounting for volumetric weight. Sb ems starts at 186 for the first .5kg and 61y every .5kg after. Of course rates and terms are subject to change with the times.
I had a package that came in at 277g when I measured it at home but I was charged for 1.6kg. After sending in the package images they refunded 144yuan (the true volumetric weight was about .97kg.) Taobao volumetric calculation is lxwxh (cm)/6000. Timeline wise I submitted 8/16 and received 8/28 although I think because it was so light they used epacket/china post because it was not an EMS tracking # big sigh. Still less than 10 days can't complain.
Hope this helps! I'm sure I missed something on this guide so feel free to leave any questions and I will update the post accordingly. Apologies this is very us-centric, I also cannot comment on getting a refund or exchange from sellers before you ship out but there is now english support (albeit a bit wonky) through chat and aliwangwang+google translate can get you pretty far.
Ps: highly recommend using the app too as its easier to get chat messages from the seller. You can screenshot and upload images to Google translate to read the text.
submitted by yuchin to RepLadies [link] [comments]

Forex - U.S. Dollar Near Flat After PPI Data; AUD/USD Rises on Strong Chinese Data

https://ift.tt/eA8V8J
* More Details Here
submitted by Gdog1243 to aboutForex [link] [comments]

@AlphaexCapital : Trump insists China wants to make a deal, cites earlier Chinese Q2 GDP data https://t.co/fDBoh5eq0J #forex #news #forextrading #investing

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

FOREX-Euro stuck against dollar; Aussie gets Chinese boost

LONDON, July 15- The euro rose on Monday but remained within its recent trading range against the dollar before central bank meetings later this month. Investors expect the Federal Reserve to cut interest rates at the end of this month and the European Central Bank to follow with more easing in 2019.. The euro was up 0.08% at $1.1282, still within the recent range of...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

UNDERSTANDING JAPANESE CANDLESTICKS  WHAT FOREX BROKERS ... Forex Trading China - Buy Sell Foreign Currency $16,300 HOW TO ALWAYS WIN in FOREX TRADING - YouTube IS FOREX TRADING A SCAM? 🙄 - YouTube The Easiest Forex STRATEGY! You must watch! 🙄 - YouTube

Yes, Chinese nationals can legally trade Forex despite the stricter stance their government has adopted. Retail customers can trade currency pairs, stocks, and other financial instruments although there are limits on the amounts one can buy annually. The reason for this is the policy of the Chinese government, which doesn’t seem too keen on the forex industry, to put it mildly. There was a ban on advertising of forex trading and related services on Baidu, the largest search engine operator in China. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Forex brokers in China, are managing to gain a foothold in the Chinese market by working with local representatives based in China. The purpose of these local Chinese forex brokers is to act as introductory brokers and build up a network of clients who trust them and are happy to work with them on a long term basis.

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UNDERSTANDING JAPANESE CANDLESTICKS WHAT FOREX BROKERS ...

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