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Hong Kong firms tap new Swap Connect rule to hedge yuan rate risks

Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them…

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New Business

Why China’s yuan needs Hong Kong to reach new international heights

The third and final part of the decoupling series looks at how Hong Kong’s financial system is crucial for China…

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New Business

China rolls out policy package to guard against US tariffs: as it happened

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism…

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New Business

Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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New Business

China’s central bank rhetoric on yuan stability takes aim at depreciation risks

China’s central bank has signalled its resolve to stabilise the yuan’s exchange rate, with a stronger tone taken during its…

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New Business

Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Tencent Holdings-backed WeDoctor has revived its plan for a Hong Kong stock listing. The company aims to submit its application…

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New Business

Global use of China’s yuan up sharply, beating pound and yen on internationalisation index

Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and…

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