US dollar

New Business

China should keep GDP growth between 4.5% and 5% for next 5-year plan: scholar

China will need to achieve annual gross domestic product growth of at least 4.5 per cent over the next five…

Read More »
New Business

China’s yuan reshaping global order – but US-backed stablecoins seen as a threat

The yuan’s internationalisation remains on an upwards, if uneven, trajectory and is gradually reshaping the global monetary order, according to…

Read More »
New Business

Chinese firms urged to deepen Asean roots as US cracks down on transshipments

Beijing should encourage its firms to deepen integration with Southeast Asian economies instead of using the region as a transshipment…

Read More »
New Business

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

Read More »
New Business

China’s monetary policy impact not yet unleashed, PBOC says with 5% GDP goal in mind

China’s central bank intends to carefully calibrate the intensity and pace of its “moderately loose” monetary policy implementation, taking steps…

Read More »
New Business

Hong Kong trails Singapore, London as priciest city for rich lifestyle, Julius Baer says

Hong Kong has become relatively cheaper for wealthy individuals over the last year, dropping from second to third on a…

Read More »
New Business

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

Read More »
New Business

Why China’s yuan can be safe-haven currency – former bank official flags its ‘advantages’

The yuan has the potential to become a safe-haven currency, a former central bank official said while calling for capital-control…

Read More »
New Business

Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with…

Read More »
New Business

Why China’s yuan is forecast to extend gains against the US dollar through 2025

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US…

Read More »
Back to top button