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 ...

Yuan Shao, and of course the notorious Lu Bu. Rebuilt from the ground up with new graphics that combine 2D ink paintings with 3D maps and combat scenarios, the remake is a dramatic update from the ...

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 ...

The PBOC will also facilitate cross-border trade, investment, and financing while promoting the internationalisation of the yuan, he said. The four-day event, organised by the Society for ...

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.

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 ...