Yuan

New Business

China battles to stabilise yuan after Trump’s tariffs spark market upheaval

China’s central bank set the fixing rate for the yuan against the US dollar at its lowest level since January…

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Xpeng bets big on flying cars with US$413 million investment in new Guangzhou factory

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition…

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Opinion | Like yuan internationalisation, US re-industrialisation is a fairy tale

Incredibly, the world witnessed a striking split-screen last week: US President Donald Trump addressed a joint session of Congress while…

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Economists rebuke Trump’s currency claims, explain why Beijing wants yuan stable

US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing…

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‘Gloves off’ in US-China trade war with Trump’s surprise tariff spikes

New tariff increases from the United States on goods from several trading partners – including an additional 10 per cent…

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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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Hong Kong ‘crucial’ for promoting yuan’s growing role in international finance: officials

Hong Kong is expected to play a bigger role in the internationalisation of the yuan as liquidity increases and uses…

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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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China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions

The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in…

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Chinese stock bulls add to record buying spree in Hong Kong as DeepSeek fuels rally

Mainland Chinese funds bought more stocks in Hong Kong this year to add to their record buying spree in 2024,…

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