China suffers setback to dedollarize global finance as Saudi Arabia exits Beijing’s payment scheme
Saudi Arabia quietly dropped out of China’s mBridge digital payment platform, which Beijing has touted as an alternative to…
Open Questions | US economist Barry Eichengreen on reality of de-dollarisation and next currency reshuffle
Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems.…
Open Questions | Economist Richard Koo on China and Japan’s shared ‘battle against time’
Nomura Research Institute chief economist Richard Koo is well-known for his “balance sheet recession” interpretation of Japan’s economic…
China pledges support for trading of treasury bond futures in Hong Kong
China will double down on its support for Hong Kong as a global hub for the offshore yuan,…
China to raise power prices for energy-intensive sectors in green transition push
Beijing plans to increase electricity prices on nine energy-intensive sectors in a move to speed up the green…
95% of overseas firms expect to sustain or boost use of the yuan: Bank of China poll
The global business appetite for China’s yuan is strengthening as Beijing’s long-term campaign to internationalise its currency gains…
China’s investment-driven role in global growth is underestimated, study says
China’s contribution to global growth is underestimated while the yuan is positioned to emerge as a fundamentally strong…
Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in ‘Stage 3.0’: ex-HKEX boss Charles Li
Charles Li Xiaojia, the longest-serving CEO of Hong Kong Exchanges and Clearing (HKEX), defined a decade of city…
China’s yuan gains ground in international trade with room to grow, Goldman Sachs says
China-linked trade settlements in yuan grew from 13 per cent in 2019 to 30 per cent last year,…
UAE officials warned they may be forced to use yuan or other currencies if they run low on dollars
The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade…
China’s yuan settlements hit record, and the Iran conflict is looking like a catalyst
Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…