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Digital Yuan: Revolutionizing Payments in the Digital Age
19 Apr 2024 12:08 GMT
… technology, the Digital Yuan provides enhanced security features … services, the Digital Yuan promotes financial inclusion.
… systems, the Digital Yuan reduces dependency on existing … Yuan could bolster China’s geopolitical influence by promoting its currency …
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Asia gold: Safe-haven buying props up China demand; activity still muted in India
19 Apr 2024 13:51 GMT
… activity muted in India.
China demand is still strong … are worried about continued currency devaluation and heightened geopolitical … at MKS PAMP said.
China’s yuan weakened to a five … Physical demand still strong (in China). People still have interest, still …
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Asia Steps Up Currency Defense as Mideast Strife Roils Market
19 Apr 2024 12:21 GMT
… respond immediately to excessive currency market volatility.
Asian … Wong, a currency strategist at Oversea-Chinese Banking Corp. … China also pledged to avoid excessive volatility in the yuan. … fallout from the tumbling currency, Finance Minister Sri …
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The Scholar Bringing Marco Polo Back to China
19 Apr 2024 10:37 GMT
… each chapter using classical Chinese, adhering to the … whether he actually visited China. For instance, Frances … Chinese salt production processes and his comprehensive records of Yuan dynasty currency … records about ancient Chinese socio-economic life, …
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MNI China Daily Summary: Friday, April 19
19 Apr 2024 10:33 GMT
… official told MNI.
EXCLUSIVE: China will push back against making … the previous 1.7746%.
YUAN: The currency weakened to 7.2401 … Century Business Herald reported. China's concerns focus on … (Source: Securities Daily)
The China Consumer Expo held in Hainan …
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China to issue commemorative coins for millennium anniversary of paper currency
19 Apr 2024 09:25 GMT
… 's Bank of China (PBOC), China's central bank … "Millennium Anniversary of Chinese Paper Currency.”
Photo shows the obverse … "Millennium Anniversary of Chinese Paper Currency" will also appear … face value of 2,000 yuan ($276) and a maximum …
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China Opens e-CNY Research Institute, Appoints First Expert Panel
19 Apr 2024 08:27 GMT
… support advancements of China’s central bank digital currency (CBDC).
… sustainable progression of the digital yuan industry.
During the event … Industrial and Commercial Bank of China (ICBC), MYbank, Suzhou Bank … aims to drive digital yuan’s development.
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China's yuan hits 5-month low on renewed Middle East tensions
19 Apr 2024 06:21 GMT
… session close. Some currency traders said the yuan's losses … ; said Tommy Wu, senior China economist at Commerzbank.
" … persistently firmer-than-expected yuan midpoint fixing has sent … of the dollar/yuan exchange rate. Negative number indicates …
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Mainland China and Hong Kong stocks fall on Middle East tensions
19 Apr 2024 06:15 GMT
… currencies," said Christopher Wong, currency strategist at OCBC Bank.
** … -index down 1.23%. ** Chinese H-shares listed in Hong … down 2.61%. ** The yuan was quoted at 7.2393 … main Shanghai Composite index were China Aluminum International Engineering Corp …
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MNI PBOC WATCH: April LPR Likely To Hold Steady As Yuan Weakens
19 Apr 2024 05:43 GMT
… behaviour. (See MNI: More Yuan Volatility Ahead, PBOC Vigilant) … expected fix and tighter offshore yuan (CNH) liquidity.
The … the currency.
The interest spread between 10-year Chinese government … See MNI INTERVIEW 2: China Needs Strong Yuan To Support Imports)
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