News

According to Jinse Finance, Ant Digital Technologies has introduced four major self-developed technologies to the Hong Kong market—Layer2 network, large model development tools, "blockchain + IoT" trusted architecture, and institutional-grade Web3 wallet technology—providing full-stack technical services to support Hong Kong's development as a global digital asset innovation hub. Previously, Ant Digital Technologies joined the Hong Kong Monetary Authority's Ensemble sandbox as a core member and announced that its overseas headquarters would be established in Hong Kong.

According to a report by Jinse Finance citing the Financial Times, senior trade officials in the Trump administration are scaling back ambitions for comprehensive reciprocal agreements with foreign countries, instead seeking smaller-scale deals to avoid the reimposition of U.S. tariffs. Four sources revealed that U.S. officials are aiming to reach phased agreements with countries most actively involved, striving to finalize deals by July 9. This new plan for more limited and fragmented agreements signals the White House’s abandonment of its earlier commitment—made by the President on April 2—to reach 90 trade deals during the 90-day suspension of comprehensive reciprocal tariffs. However, it also offers some countries the opportunity to secure moderate agreements. Informed sources stated that BRICS nations are seeking to reach agreements in principle on a handful of trade disputes before the deadline. Countries agreeing to these narrower deals will be exempt from harsher reciprocal tariffs but will still be subject to the existing 10% base tariff, while negotiations on more challenging issues continue. Nevertheless, the talks remain complex, and the U.S. government is still considering imposing tariffs on key industries. (Jin10)