US dollar

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China’s central bank vows to enhance yuan amid looming risks from strong US dollar

China’s central bank has pledged to advance the cross-border use of the yuan and develop the offshore yuan market, as…

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New Business

As DeepSeek eats into America’s AI edge, is US dollar dominance at risk?

Market discussions about the recent rise of Chinese artificial intelligence (AI) dark horse DeepSeek have taken on a new dimension,…

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Macroscope | Trump’s ‘big stick diplomacy’ won’t go far in today’s world system

“Speak softly and carry a big stick”, a phrase attributed to former US president Theodore Roosevelt, is often cited as…

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Hong Kong’s Gaw Capital buys central Tokyo shopping centre for more than US$1 billion

Gaw Capital, a Hong Kong private equity firm focused on real estate, completed the acquisition of a shopping centre in…

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Standard Chartered banks on yuan assets amid US-China tensions, Trump risks

Market volatility under US president Donald Trump and the rising appeal of yuan assets mean a boom for Standard Chartered…

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Chinese yuan surges after Trump goes easy on China in inaugural address

The Chinese yuan surged on Monday night after US President Donald Trump struck a softer-than-expected tone on China during his…

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My Take | Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

China’s central bank chief Pan Gongsheng promised to park more of the country’s US$3.2 trillion foreign exchange reserves in Hong…

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New Business

China’s yuan on the rise in oil trade, but petrodollar here to stay: report

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and…

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New Business

To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country…

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New Business

Hong Kong stocks on course for 4-month low as US jobs data dampens rate-cut hopes

Hong Kong stocks retreated to an almost four-month low as robust US job data pared bets that the Federal Reserve…

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