No Religion Allowed

New more restrictive regulations came into force this month.

President Xi Jinping is obsessed with social media spiraling out of control, as censors are not quick enough when they cancel “dangerous” posts. Everywhere within the borders of the People’s Republic of China new forms of control are created and implemented.

However, Tibet is a special case, and the authorities believe that even more control is needed here. All residents of China like to use social media platforms consisting mostly of short videos such as Douyin and Kuaishou, whose combined users exceed 900 million. The huge number of users makes control and immediate censorship more difficult.

Read more at “Tibet: No Religion Allowed in Social Media Short Videos and Webcasts”

SWIFT Sanctions

Mainland academics say a digital yuan could bolster China’s financial security against sanctions but others are skeptical

The Hong Kong Monetary Authority (HKMA) has prepared emergency plans in case Hong Kong or mainland China is eventually sanctioned by the United States for supporting Russia in its war with Ukraine.  

HKMA chief executive Eddie Yue said the de facto central bank in Hong Kong maintained close communication with the People’s Bank of China (PBoC) on topics of financial security. He said the HKMA had plans to minimize risks in some extreme situations, such as the financial hub being removed from the “SWIFT system.”

Read more at “HK making emergency plans for SWIFT Sanctions”