China sees yuan vs. dollar like Pepsi vs. Coke—’never the market leader, but serviceable in a pinch’
Heavy is the head that wears the crown, and contrary to popular belief, Beijing doesn’t want the yuan…
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…
Huawei and Apple bend to a tougher market with foldable phones as memory crunch bites
Highly anticipated foldable launches from Apple and Huawei Technologies next week are expected to offer a much-needed lifeline…
European companies ‘becoming more reliant on China, not less’, EU chamber chief says
Europe’s push to reduce its dependence on China is driving many of its companies deeper into Chinese supply…
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…
The panda bonds: how China uses assets to boost yuan’s profile, cement partnerships
Brazil is set to become the latest major economy to issue panda bonds – yuan-denominated debt sold in…
China pushes yuan internationalization, strengthens Shanghai as a financial center
China has announced new steps to speed up Shanghai’s growth as a global financial hub and to expand…
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…