China’s major state-owned banks have been active in the currency market this week, buying the yuan and helping hasten its recovery against a broadly weaker U.S. dollar, two sources told Reuters on Tuesday.
Monthly Archives For November 2023
China’s central bank tells lenders to bring forward some lending: Sources
BEIJING: China’s central bank has told some banks to bring forward some of the loans they plan to extend in early 2024 to late this year and to not overdo lending in the first quarter,…
Exclusive-China’s state banks seen swapping and selling dollars for yuan -sources
China’s major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday.
McDonald’s is investing more in China to tap ‘tremendous opportunity’
McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy.
China says it would be a ‘huge foreign policy mistake’ for Argentina to cut ties
China on Tuesday issued a warning to Argentina that it would be a “huge foreign policy mistake” for Buenos Aires to cut ties, shortly after right-wing libertarian Javier Milei secured victory in the …
No letup in Beijing’s efforts to secure cease-fireand two-state solution of Palestinian question: China Daily editorial
China has never ceased making efforts to bring the conflict between Israel and Palestine to an early end, and promote the settlement of the Palestinian question under the framework of the two-state solution.
US Ally Blasts China’s ‘Threats and Challenges’
Philippine President Ferdinand Marcos Jr. has called for a new “code of conduct” in the South China Sea—with or without China’s participation.
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading.
Mastercard will soon be widely accepted in China
Mastercard has won long-awaited approval to expand its offerings in China’s huge payments market, days after the country’s leader personally sought to improve business ties between Beijing and Washington.
Hong Kong IPO fundraising craters to two-decade low; city must do more to claw back share listings amid headwinds: EY
Funds raised by share listings in the city declined 59 per cent year on year to US$5.3 billion as of November 17, according to a report from EY, which calls for more government and regulatory…
Aurora Mobile Selected as 2023 Brand Data Provider by the Shenzhen Data Exchange
Representatives of data providers from all over the country attended the conference. Partners and third-party service providers shared their latest practical cases on the Shenzhen Data Exchange, …
Elon Musk Doubles Down on Pro-China Analogy Rejected by Taiwan
Elon Musk this month doubled down on his layman explanation of geopolitical tensions between China and Taiwan by comparing the self-ruled island to Hawaii, an analogy that was strongly rejected by the Taiwanese government just…
US crypto VC firm CoinFund expands in Asia after first hire in Hong Kong, with clear regulations a pull factor
CoinFund is expanding in Asia after Hong Kong hire and sees trend of cryptocurrency capital flows from US to the region.
