Beijing is pushing to internationalise the yuan, which ranks fourth in global payments according to the global bank messaging network SWIFT, and challenge the U.S. dollar, by far the world's most ...

HSBC Holdings Plc has become a direct participant in China’s cross-border interbank payment system as the world’s second largest economy pushes for greater use of the yuan. The UK lender ...

(Bloomberg) -- HSBC Holdings Plc has become a direct participant in China’s cross-border interbank payment system as the world’s second largest economy pushes for greater use of the yuan. The UK ...

The yuan has been weak since early 2023, bearing the brunt of China's anaemic economy and low yields. The heavily managed currency has spent the past 17 months on the weaker side of the 7-per ...

UOB has successfully priced a three-year, five billion yuan (S$923 million) bond at 2.3 per cent, marking its first panda bond, or yuan note from offshore issuers, in China’s domestic interbank market ...

China should roll out more stimulus measures “as soon and quickly as possible” to counter the possibility of a downward spiral where insufficient spending and dwindling income feed into one ...

China’s domestic yuan traders appear to be more confident than their offshore counterparts that the currency’s turbulence will be contained around the US presidential election period.

Previously, Alex served as a… Eric Yuan, the brains behind Zoom, has experienced a massive rise in both fame and fortune, especially during the COVID-19 pandemic. Eric Yuan’s net worth is estimated at ...

China's much-anticipated fiscal stimulus package could amount to somewhere around 10 trillion yuan ($1.4 trillion), which would represent reasonable and moderate funding to address the most ...

With local government debt swelling to 43.6 trillion yuan as of August 2024, up from 40.7 trillion yuan at the end of 2023, the need for decisive action is clear. Liu Shijin, a leading economist and ...

Dean's Fellow at the Division of Global Affairs, Rutgers University - Newark The game, released by Chinese company Game Science on Aug. 19, 2024, is based on the legendary 16th century Chinese ...

The application detailed how Li allegedly used his positions to embezzle public property worth over 2.9 billion yuan. He is also accused of accepting bribes totaling 48.92 million yuan and ...