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…
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.…
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,…
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…
Petroyuan will mature in bursts of crisis
The petroyuan — oil and energy trades settled in Chinese yuan rather than US dollars — is not…
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…
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…
As global yuan use expands, questions resurface about China’s world-leading forex reserves
A report from a leading Beijing university has revived discussions about the “optimal size” of China’s foreign exchange…
China’s financial superpower ambitions get legal backing at ‘two sessions’
In its work report delivered on Monday, the National People’s Congress Standing Committee, the country’s top legislative body,…
China fires back at currency-depreciation claims, denies using weak yuan to boost exports
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid…