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HK accelerates inclusion of yuan counters in Stock Connect program: SFC CEO
08 Jul 2025 16:33 GMT
Lujiazui Photo:VCG
The Securities and Futures Commission (SFC) of the Hong Kong Special Administrative Region (HKSAR) is engaged in active cooperation with financial regulators in the Chinese mainland to carry forward the inclusion of the yuan counter into …
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With cross-border payment system, can Brics countries take on the US dollar?
08 Jul 2025 18:10 GMT
… . In a speech last month, Chinese central bank governor Pan Gongsheng outlined a …
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China's offshore bond trade opens up to non-bank financial entities
08 Jul 2025 13:27 GMT
HONG KONG -- China has expanded its Southbound Bond Connect program to allow a broader range of mainland financial institutions to invest in offshore bond markets via Hong Kong, further relaxing restrictions on outbound capital flows.
The program, which …
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Analysis-China Inc bets Beijing will keep tight grip on yuan as US tariff fears persist
08 Jul 2025 06:42 GMT
(Reuters) -Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade tensions drag on, and a string of measures and hints from monetary authorities suggest they may be on the money. A growing …
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Shenzhen Cracks Down On Stablecoin Scams & Illegal Crypto Schemes!
07 Jul 2025 18:45 GMT
(MENAFN- Crypto Breaking) In light of the escalating enthusiasm around stablecoins, the Chinese government has issued a stern warning against potentially deceptive fundraising activities. This alert aims to protect investors from fraudulent schemes that …
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China has ample policy room to secure a decent growth rate in H2
07 Jul 2025 18:03 GMT
Wen Bin Photo: Courtesy of Wen Bin
China's economic performance in the first half of the year can be gauged from three key aspects: export resilience amid external challenges, policy-driven investment and consumption, and domestic economic dynamism.
In …
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China's forex reserves stand above $3.2 trillion for 19 months, gold holdings increase for 8 months
07 Jul 2025 17:41 GMT
A teller counts U.S. dollar bills at a bank in Qionghai, south China's Hainan Province.Photo:Xinhua
China's foreign exchange (forex) reserves reached $3.3174 trillion as of the end of June, up by $32.2 billion from May, a 0.98 percent increase …
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China asks financial institutions about dollar weakness
07 Jul 2025 09:48 GMT
(Reuters) -China's central bank has asked some financial institutions about their views on recent U.S. dollar weakness, people with knowledge of the matter said. In the survey conducted last week, the People's Bank of China (3988.HK) asked …
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Digital Finance Forum Of Global Digital Economy Conference 2025 Grandly Convened At Beijing Banking & Insurance Business Park
07 Jul 2025 09:25 GMT
(MENAFN- PR Newswire)
BEIJING, July 7, 2025 /PRNewswire/ -- On July 3, the Digital Finance Forum of the Global Digital Economy Conference 2025 was held at the Beijing Banking & Insurance Business Park. The forum was hosted by the Shijingshan …
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Gold: Rising Yields and Stronger US Dollar Threaten $3,300 Support
07 Jul 2025 14:05 GMT
… elusive in the near term.
Chinese Central Bank Gold Buying Continues
One of …