Aiko TanakaFinance
US Lawmaker Asks Fed Chair Kevin Warsh to Review Hong Kong Funding Access
Analysts say any restriction would have limited impact on the city but could instead weaken the US dollar’s global dominance.
Tag
yuan
Every story tagged yuan on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged yuan
9 stories in this topic
Sarah ChenFinance
China Launches Offshore Government Bond Futures to Boost Yuan Usage
China has debuted offshore trading of government bond futures in Hong Kong, marking a strategic move to encourage broader international use of the yuan. This initiative aims to draw non-Western capital by offering stability and enhanced hedging options.
Wei ZhangFinance
Riding the Yuan Wave: Global Companies Amplify Chinese Currency Adoption, Says StanChart Report
Companies across the globe are progressively employing the Chinese yuan in an array of contexts, as noted in a recent study by Standard Chartered. These contexts range from settling trade transactions to financing supply chains. A growing number of…
Minjun ParkFinance
Mastercard Eyes Digital Yuan Opportunities
Global payments giant Mastercard is in talks with various central banks with an eye on opportunities in central bank digital currencies. Amongst the central banks in discussion with Mastercard is the People’s Bank of China, according to a report citing APAC…
Sarah ChenFinance
Vietnam allows use of yuan at Chinese border
Vietnamese can trade in yuan at the border with China, the State Bank of Vietnam has decreed. It means the transactions that traders and residents have been doing informally in the yuan for long along the border gets legal sanction from October 12. Economist…
Rajiv MenonFinance
Transaction app Alipay launches first non-yuan version in Hong Kong
Chinese online and mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of widening currency payment options. Payments through AlipayHK,…
Wei ZhangGeneral
China will bounce back and continue to drive global growth for decades
Economists have often said “when America sneezes, the world catches a cold” reflecting the importance of the US to the global economy. But the past 12 months suggest the world’s immune system is more sensitive to China’s sniffles than was previously thought.…
Minjun ParkFinance
China’s Central Bank says no reason for yuan to slide further
China’s central bank governor said there was no basis for continued depreciation of the yuan as the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview…
Maria SantosGeneral
China is facing into a period of painful economic adjustments
On February 8th, China will celebrate the Year of the Monkey. The monkey is famously a smart, naughty, wily and vigilant animal, and anybody trying to make money in the rest of 2016 will have to learn how to outsmart the animal. A useful barometer of the…