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) – …
Tagged By banking
“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 …
Global Funds Sell China Government Debt First Time in Two Years
(Bloomberg) — Global funds trimmed holdings of China’s sovereign debt for the first time in two years in March, as their yield premium over Treasuries narrowed and the government announced …
China EV battery maker Octillion looks to cash in on carbon neutral drive
HEFEI, China (Reuters) – China’s push towards carbon neutrality as well as its growing manufacturing might will allow electric vehicles (EV) to compete equally with standard cars by 2030 and drive …
China may be using bitcoin as ‘financial weapon’ against U.S., says Peter Thiel
Thiel said China would like to see two global reserve currencies, rather than the dollar being the default reserve currency. But China doesn’t want its renminbi to fill that role, and in the past has…
Peter Thiel criticizes Google and Apple for being too close to China
I do wonder whether at this point Bitcoin should also be thought in part of as a Chinese financial weapon against the U.S., where it threatens fiat money, but it especially threatens the U.S. dollar,…
Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable
“I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against … He added: “[If] China’s long Bitcoin, perhaps from a geopolitical …
Trade Finance Market to Eyewitness Massive Growth by 2026 : Bank of China, Citi, Standard Chartered, Exim Bank of China
Trade Finance Houses & Others), by Players (Bank of China, Citi, Standard Chartered, Exim Bank of China, China Development Bank, China Citic Bank Corp, HSBC Holdings PLC, Agriculture Bank of China, …
Beijing 2022 Olympics becoming a flash point over forced labor in Xinjiang
As tensions rise between the U.S. and China over the latter’s treatment of Uighur Muslims in Xinjiang, one analyst said that Western countries are likely to sit out of the Beijing Winter Olympics.
Will the US Boycott the 2022 Olympics in Beijing?
After billions of dollars were spent on postponed Olympic ceremonies in 2020, another costly Olympics controversy has ensued. And if there were a competition for confusion over international …
Beijing Continues Its Steady But Uneven Rise In the World
A new era for BRI, Beijing’s deal with Iran, and Montenegro’s China debt: Welcome back to the China in Eurasia briefing, a Radio Free Europe newsletter tracking China’s resurgent influence from …
China to increase support for poor regions China to increase support for poor regions
China’s government agencies will continue frugality measures during the country’s 14th Five-Year Plan period (2021-2025), but spending in less developed and poor regions will grow, an official with …
JD Digits Plans Finance Holding Company as China Tightens Rules
JD Digits Technology Holding Co. is planning to set up a financial holding company to comply with regulatory rules in China’s fintech sector, according to people familiar with the matter.The holding …
