US dollar

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Hong Kong mortgage loans hit 12-month high of US$3.4 billion as low rates lure refinancers

Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing…

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Macroscope | Central banks rush to gold as fears of US dollar crisis mount

Why are central banks, including those of China and India, adding gold bullion to their reserves at an almost alarming…

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WeChat and Alipay are China’s ‘comparative advantage’ in stablecoin race: top economist

China already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country’s…

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‘Summer Davos’ debate: is China’s yuan ready to challenge US dollar dominance?

As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual…

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Hong Kong stocks’ rally to extend into second half, but US-China risks remain: analysts

Hong Kong’s stock market rally is expected to extend into the second half of the year, thanks to a surge…

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Open Questions | Jin Liqun reflects on tumult and triumphs in AIIB’s eventful first decade

A veteran of international finance, Jin Liqun is president and chair of the board of directors at the Asian Infrastructure…

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China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington…

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China’s yuan fixing rate hits 2-month high as US dollar drops

China’s central bank set the yuan’s daily fixing against the US dollar at its strongest level in more than two…

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New Business

Gold 2.0 or just a fallacy? Crypto can’t chip away at gold’s safe-haven shield: researcher

Cryptocurrencies – including bitcoin and stablecoins – are not an alternative to gold, nor do they pose a threat to…

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New Business

Chinese stocks need earnings kick to fuel more market upside, JPMorgan says

Chinese equities are not as cheap as they seem because the nation’s economic slowdown has weakened corporate earnings, making it…

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