Breadcrumb Trail Links PMN Business Article content SHANGHAI — China’s yuan steadied around a four-month high against the dollar on Thursday, underpinned by Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you consent to … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Nov 20, 2022 • 15 minutes ago • 2 minute read Join the conversation Article content SHANGHAI — China’s yuan eased to a 10-day low against the dollar on Monday, as worsening COVID-19 Financial Post Top Stories Sign up to receive the daily … Read more
Hong Kong CNN Business — China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content SINGAPORE — The yuan surged on Friday on speculation that China will relax its strict anti-COVID measures, while the U.S. dollar paused in its heady ascent while staying set for its best week in over a month with U.S. interest rates expected to go … Read more
Hong Kong CNN Business — China’s yuan tumbled to an all-time low on international markets on Tuesday, as investors fled Chinese assets amid fears about Xi Jinping’s shocking move to tighten his grip on power at a major leadership reshuffle. In trading outside of mainland China, the yuan briefly plunged to around 7.36 per dollar … Read more
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Xie Yu and Summer Zhen Article content HONG KONG — Hong Kong stocks slid to 13-year lows on Monday and onshore yuan fell to its weakest level in 15 years after Xi Jinping’s newly unveiled leadership team heightened fears that economic growth will … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content SHANGHAI — China’s yuan weakened against a strong greenback on Wednesday, despite a steady Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you … Read more
Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim of reducing its reliance on a United States dollar-based economy. The views of researchers Liu Dongmin, Song Shuang and Zhou Xuezhi from a unit of the Chinese Academy of Social Sciences (CASS) were published in an … Read more
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong. Source link
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Oct 12, 2022 • 14 minutes ago • 2 minute read • Join the conversation Article content SHANGHAI — China’s yuan firmed against the dollar on Wednesday, aided by faster-than-expected credit Financial Post Top Stories Sign up to receive the daily top stories from the … Read more