Millions of Chinese consumers ditch their credit cards amid prudent spending, slow economy
Weak consumer spending and a crackdown on inactive accounts have led to a plunge in the number of…
Can currency swaps make China a lender of last resort? Ex-PBOC official weighs in
China should position itself as an international lender of last resort to help out in global emergencies and…
China joins global sell-off of US Treasuries in March as Iran war prompts panic
Mainland Chinese investors shed their holdings of US Treasury bills in March, joining many overseas institutions and central…
Why Countries Are Stocking Up on Gold
Central banks around the world have bulked up their reserves of gold, a safe but cumbersome investment that…
China presses IMF for quota reform, better surveillance of advanced economies
China’s central bank chief has urged the IMF to serve as a bulwark against “rising unilateralism”, at a…
China’s yuan may be going global faster than Western data suggests, analysts say
This could help explain the gap between Beijing’s official narrative – which describes the yuan as the world’s…
Exclusive | Andrew Tilton on China’s growth prospects, economic trajectory in wake of Iran war
Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, speaks to the South China Morning Post about the long-term…
China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser
China has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to…
China adds 12 banks to digital yuan system, expanding e-CNY’s economic presence
China is set to include 12 more commercial banks under the umbrella of its central bank-backed digital currency,…
How China opened the door to creating a direct rival to US payment systems
China’s recent changes to the rules governing its global payment system could pave the way for turning it…
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago,…
IMF rebukes China’s model with its own credibility in tatters
As the International Monetary Fund takes China to task, the world’s “lender of last resort” is grappling with…