Yuan

New Business

China’s yuan volatility rising on interest rates, US presidential election: Goldman

The volatility of the Chinese yuan’s exchange rate with the US dollar is set to rise in the near term…

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New Business

Is China’s barter trade experiment working as sanctions risk grows?

They can also reduce the visibility that Western regulators have over their bilateral transactions, while also limiting currency risks. In…

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New Business

China’s low-altitude economy spreads its wings as struggling locales look skyward

The low-altitude economy is an integrated economic model that generally encompasses manned and unmanned activities within airspace below 1,000 metres…

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New Business

China to push supportive monetary policy as financial risks ease: central bank chief

The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that…

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New Business

Chinese builder Yuzhou seeks debt restructuring recognition in US

Yuzhou Group Holdings filed for Chapter 15 bankruptcy on Thursday in New York, a move by the defaulted property developer…

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New Business

China’s yuan hits internationalisation landmark with record share of global payments

Swift payment data is a major indicator for the relative status of international currencies. Other metrics include frequency of use…

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New Business

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases,…

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Tech

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with…

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New Business

China’s interbank system promoted as safeguard against Swift consequences

China should promote its indigenous cross-border interbank system to reduce risks to its financial security, a senior researcher for a…

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New Business

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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