Yuan

New Business

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…

Read More »
New Business

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…

Read More »
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,…

Read More »
New Business

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…

Read More »
New Business

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,…

Read More »
New Business

HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the…

Read More »
New Business

Yuan trade finance rises in Hong Kong as firms seek cost efficiencies amid US-China tensions

The use of the yuan in trade finance is gaining momentum as companies seek cost efficiencies and supply chain diversification…

Read More »
New Business

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…

Read More »
New Business

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…

Read More »
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…

Read More »
Back to top button