Global funds trimmed holdings of China’s government debt for the first time in two years in March, as their yield premium over Treasuries narrowed and authorities announced plans for more debt …
Monthly Archives For April 2021
IMF renews message to China: boost consumption
Before Covid-19 shutdowns upended international commerce and threw the world into the worst peacetime crisis in a century, the Washington-based lender had long warned that China’s massive export …
Self-driving truck startup TuSimple hopes to raise $1.3 billion in US IPO
Self-driving truck startup TuSimple Holdings Inc is aiming to raise about $1.3 billion by selling around 34 million shares at $35 to $39 each in its initial public offering (IPO) in the US. The San…
Taiwan responds to increasing China threat
China has been stepping up its military presence around Taiwan, which it claims sovereignty over. Taiwan’s Foreign Minister responded with a warning that the the self-ruled island could fight to the …
China’s forex reserves fall in March
In March, China’s forex market functioned stably, with the supply and demand of foreign exchange basically in balance, said SAFE spokesperson Wang Chunying. The scale of China’s foreign exchange …
Impact of China sanctions ‘limited’: study
China has targeted Australian beef, barley, coal, copper, cotton, seafood, sugar, timber and wine. Before the sanctions, these exports were worth about $25 billion in 2019, or 1.3 per cent of …
China yuan weakens on softer c.bank fixing
China’s yuan edged lower against the U.S. dollar on Thursday on a weaker central bank fixing, but remained near a multi-year high against a basket of other currencies. SHANGHAI, April 8 (Reuters) – …
“People’s Bank of China”
On Thursday, the People’s Bank of China (PBOC) began the second phase of its Central Bank-backed Digital Currency (CBDC) or digital yuan launch …
Infographic: China First Major Economy To Issue Digital Currency
Ubiquitous digital payments and tight government surveillance have led to a plethora of payment data already available to Chinese administrators.
China’s digital yuan moves into second phase of trials, successfully tests cross-border payment
In February, China joined a global CBDC project for cross-border payments along wit the Hong Kong Monetary Authority, Bank of Thailand and the Central Bank of the United Arab Emirates. MediaNama has …
UTime stock more than doubles, and is now 2,175% above its IPO price
Shares of UTime Ltd. soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. exchanges, in the …
China: Medlive Technology prepares Hong Kong listing
The largest online professional physician platform in China has hired Goldman Sachs and Haitong International to sponsor its planned Hong Kong IPO. Medlive Technology is an online platform that has …
China Warns Washington Not to Boycott the 2022 Beijing Winter Olympics
BEIJING — China’s government warned Washington on Wednesday not to boycott next year’s Winter Olympics in Beijing after the Biden administration said it was talking with allies about a joint …
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