China’s yuan extended losses to hit nine-month lows against the dollar on Friday and looked set for its worst week since a 2015 devaluation, sparking questions over whether authorities were allowing …
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China’s yuan is set for its worst weekly drop against the dollar since 2015, as investors rush back to the US
“Foreign money leaving the China equity and bond markets is in danger of becoming a flood,” one market analyst said of the dangers to the yuan.
China’s Antigraft Watchdog Probes Former CEO of China Merchants Bank
The country’s Central Commission for Discipline Inspection said Friday that Tian Huiyu was placed under investigation. He was abruptly removed from the helm of the state-backed lender days before.
Ex-China Merchants Bank president Tian Huiyu is being investigated by top anti-corruption watchdog for suspected breach of ‘party’s discipline and law’
Tian undergoing top anti-corruption watchdog’s ‘disciplinary review, monitoring and investigations’, according to online notice Analysts confident bank’s performance and outlook will not be affected …
China financial markets not immune to external shocks: Central bank governor
China’s financial markets are not immune to external shocks and the COVID-19 situation also put more pressure on China’s economy, governor of the People’s Bank of China (PBOC) Yi Gang said on Friday …
Clean at Home and Polluting Abroad: The Trouble With China’s Energy Finance
Renewables make up 3/4 of Chinese energy investments at home, but only 1/4 abroad. One reason is the Chinese financial system’s preference for SOEs, which these days are looking for markets to unload …
South China Morning Post’s second NFT collection, featuring newspaper front pages in 1997, sold out in just over two hours
The digital collectibles contain the newspaper’s coverage of historical events, including the handover of Hong Kong and the Asian financial crisis.
The Chinese yuan is ‘stable and healthy’ despite recent volatility and record outflows, top Beijing official says
Despite the yuan suffering its biggest weekly drop against the dollar since 2015, a Chinese foreign exchange official said the currency is stable.
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