Yuan

New Business

After Fed rate cut, only moderate easing expected by China’s central bank, supporting yuan

After the US Federal Reserve delivered its first interest rate cut of the year, analysts said China’s central bank was…

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China extends gold-buying streak as central banks seek US dollar alternatives

China’s central bank extended its gold-buying streak for a 10th straight month in August, part of a broader rush into…

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China’s yuan rallies with central bank backing as worries mount over US dollar

A recent rally in China’s yuan has been primarily fuelled by stronger guidance from its central bank rather than by…

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China eyes honing its bond issuance mechanism to boost yuan’s global role

China’s central bank and finance ministry have discussed creating a better mechanism for issuing sovereign debt overseas, as Beijing eyes…

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China’s yuan set for more gains against US dollar as Fed sends dovish signals

The Chinese yuan is set to continue making gains against the US dollar over the coming months, as China’s central…

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Exclusive | China AI firm SenseTime on fast track to profitability thanks to spin-offs, Beijing support

Chinese artificial intelligence (AI) powerhouse SenseTime is on a fast track to turn a profit thanks to its strategy of…

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China’s yuan fixing rate hits 9-month high after dovish pivot by US Fed chair

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

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China’s push to promote its currency accelerates with landmark Fortescue loan

China has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals…

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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…

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New Business

Exclusive | ‘Rebalancing’ needed in China-Europe relationship, chamber president says

This year marks half a century of formal diplomatic relations between China and the European Union, as well as the…

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