Yuan

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China’s stock market turnover sinks to 4-year low as investors fret over stimulus

The daily turnover on China’s onshore markets has slumped to the lowest in four years, indicating investors are awaiting clearer…

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New Business Jobs

Why China’s risky bond rally has put PBOC on the offensive to optimise yields

The rate continued to fall, dipping below 2.1 per cent this month before PBOC intervention sent it back up to…

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New Business Jobs

Exclusive | Nobel-winning economist Michael Spence on China’s future in a tech-driven world

However, over time – partly because of China’s own growth and development and partly because of the growth of other…

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Tech

Chinese sneakerheads’ favourite shopping app Dewu to cut 500 jobs as weak spending persists

Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by…

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As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom

Anticipation of US interest rate cuts in September drove China’s yuan to a seven-month high against the US dollar on…

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China’s land purchases shrank 38% in first 7 months of 2024 amid festering property slump

China’s property developers have slowed their land grab as a slowdown in home sales continued in the industry, deterring their…

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Hang Lung Properties’ profit sinks 56% amid Hong Kong, mainland China slowdown

“In Hong Kong, the market experienced a slower-than-expected recovery in the first half of the year,” Hang Lung said in…

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Shenzhen government to raise US$964 million with ‘dim sum’ bond issue in Hong Kong

The Shenzhen government will issue up to 7 billion yuan (US$964.4 million) worth of so-called dim sum bonds – yuan-­denominated…

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New Business Jobs

As mainland China broadens yuan’s global appeal, Hong Kong may play larger role

As mainland China attempts to broaden the use of the yuan in international transactions, Hong Kong will likely have a…

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New Business Jobs

Global use of China’s yuan up sharply, beating pound and yen on internationalisation index

Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and…

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