ChainCatcher News: Pan Gongsheng, the Governor of the People's Bank of China, was invited to attend the seminar on emerging market economies co-hosted by the International Monetary Fund and Saudi Arabia, where he delivered a keynote speech.Pan Gongsheng pointed out that in 2024, China's economy will continue to recover and improve, achieving an annual economic growth target of 5%. Especially since late September last year, the Chinese government has introduced a package of incremental policies that effectively boosted social confidence and led to a significant economic rebound.Going forward, the Chinese government will implement a more proactive fiscal policy and moderately loose monetary policy, strengthen the counter-cyclical adjustment of macroeconomic policies, continuously promote the transformation of China's economic growth model, and consolidate and enhance the momentum of economic recovery and improvement.

ChainCatcher news, on September 4, 2017, seven central ministries and commissions of China halted ICO activities. On that day, the closing price of Bitcoin was $4,100, and it subsequently dropped to $2,817 on September 15, 2017.On September 4, 2017, up to seven official departments in China issued the "Announcement on Preventing Risks of Token Issuance and Financing," halting ICOs and classifying them as illegal financial activities. All domestic virtual currency trading platforms were ordered to close within a specified period and stop new user registrations.

ChainCatcher news, according to reports from Wu, a recent table regarding the Bitcoin holdings of various governments has been widely circulated, claiming that the Chinese government holds 194,000 Bitcoins from PlusToken.According to previous investigations, this claim is incorrect. After communicating with several OTC firms, it was found that a large portion of these Bitcoins was sold between the end of 2019 and mid-2020, when the BTC price ranged from $7,000 to $12,000. The statement in the judgment that "the funds and profits obtained shall be confiscated and turned over to the national treasury" somewhat corroborates this claim. On-chain data also shows that the vast majority of the Bitcoins have long been sold through Huobi.

ChainCatcher news, FTX founder SBF is accused of authorizing the payment of $40 million in cryptocurrency to one or more Chinese government officials to unfreeze accounts related to his cryptocurrency business.The indictment states that Chinese law enforcement froze the accounts of the two largest cryptocurrency exchanges in China in early 2021, including certain cryptocurrency trading accounts of Alameda Research, which contained approximately $1 billion worth of cryptocurrency.After multiple attempts to unfreeze the accounts through lawyers and lobbying failed, SBF directed and authorized the bribery of one or more Chinese officials to entice them to unfreeze some of the accounts. A portion of the cryptocurrency bribe, valued at approximately $40 million at the time, was transferred from Alameda Research's main trading account to a private cryptocurrency wallet in November 2021, and the frozen accounts were also unfrozen around the same time. (Bloomberg)