Monthly Archives For September 2017

China relaxes yuan hedging rules

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BEIJING: China’s central bank on Monday scrapped two measures that were put in place to support the yuan when it was under significant selling pressure, suggesting Beijing is anxious to quash one way bets on…

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Alibaba and Tencent among investors in China Unicom

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China’s biggest technology companies, including Alibaba, Tencent and Baidu, are investing $11.7bn in China Unicom, the country’s second-largest wireless telecom, as they seek to revitalise the state-owned group with private capital. Ten private and ……

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