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New Business

Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the…

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New Business

Why China’s growing global investments could spur yuan internationalisation push

China may take additional steps to advance the yuan’s internationalisation and ease cross-border flows on the back of rising investment…

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New Business

Opinion | China needs high-quality financial development to support its five-year goals

President Xi Jinping’s speech at the fourth plenum of the Communist Party’s Central Committee last month outlined the guidelines for…

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Breaking | HKEX rides rising turnover and IPOs to post record quarterly profit of US$628 million

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, on Wednesday reported its best quarterly and…

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New Business

As China holds the line in ‘trade war 2.0’, its yuan follows suit

When US President Donald Trump fired the opening salvoes of his country’s trade war with China in his first term,…

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New Business

Swiss firm MKS PAMP aims to help build Hong Kong as an international gold trading hub

Switzerland’s MKS PAMP, one of the world’s largest refiners and traders of precious metals, has joined a growing number of…

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New Business

China’s central bank sets daily yuan rate against US dollar at strongest level in a year

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in a…

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New Business

Macroscope | Amid rising volatility, a new gold standard may be closer than we think

Amid all the artificial intelligence-induced euphoria – or irrational exuberance – in stock markets and despite the unease caused by…

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New Business

Macroscope | Global uncertainty driving gold prices higher despite bubble fears

Goldbugs have a spring in their step these days. In the third quarter of this year, gold was the second-best…

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New Business

China’s central bank aids gold’s record-setting run with 11-month buying streak

Even after a record-setting run, the price of gold appears poised for further gains, as China’s central bank extended its…

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