China has also been promoting use of e-CNY in Africa, as it expands business dealings on the continent. But e-CNY are not stablecoins. Experts say regulations are needed to safely manage use of …
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China is said to weigh yuan-backed stablecoins to boost global currency usage
China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, in a major reversal of its stance towards digital …
China’s Changing Tastes Buffet Western Brands As Ant Group Faces Old Headwinds
For those who have watched China’s economic landscape evolve over the past four decades, recent events feel like the turning of a page. The initial fervor for Western novelty is giving way to a more…
China eyes yuan-backed stablecoins to achieve global currency status, sources say
In a major reversal of its stance towards digital assets, China’s State Council plans to approve new yuan internationalisation plan later this month
Alibaba’s Ant Group Still In Beijing’s Crosshairs As Regulatory Risk Lingers
That’s the lesson now being learned by Bright Smart Securities & Commodities Group Ltd. (1428.HK), a Hong Kong-based stock brokerage, as clouds appear be gathering over its plan to be acquired by Ant …
Mengniu Dairy Said to Mull Selling Stake in Aice Ice-Cream Brand
China Mengniu Dairy Co. is considering selling a minority stake of about 20% in ice-cream brand Aice, people familiar with the matter said.
Singapore-based Shein said to be weighing shift back to China to ease path for Hong Kong IPO
BENGALURU] Shein has considered relocating its headquarters back to China, in an effort to gain Beijing authorities’ approval for its planned Hong Kong initial public offering (IPO), Bloomberg News …
China’s Rare-Earth Magnet Exports to the U.S. Snap Back
China’s rare-earth magnet exports hit a six-month high in July. The rebound follows Beijing easing curbs amid a U.S.–China/Europe truce. April–May licensing snarls had choked supply and even paused …
Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings
The stock-exchange operator said Wednesday that net profit jumped 41% from a year earlier to 4.44 billion Hong Kong dollars, equivalent to US$569.3 million. That beat the HK$4.10 billion consensus …
Peru’s gold exports to China through June overtake all 2024
Peru’s gold exports to China surged in the first half of 2025 to surpass shipments from all of last year, according to government data released in August.
China to Lift Crypto Ban Soon, Allowing Yuan-Backed Stablecoins
China plans to lift its crypto ban and explore Yuan-backed stablecoins. This move aims to boost the yuan’s global use amid US dollar dominance.
Hong Kong exchange posts record revenue on listing boom
Hong Kong’s stock exchange operator reported its best half-year revenue on Wednesday (Aug 20), bolstered by a surge in initial public offerings and trading activity. The Chinese finance hub has …
Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings — Update
That helped power a 41% jump in HKEX’s net profit for the second quarter. Net profit hit a record HK$4.44 billion, equivalent to US$569.3 million, beating the HK$4.10 billion consensus estimate of …
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