China might permit yuan-backed stablecoins. This move aims to enhance the yuan’s global presence. The State Council will review a plan to compete with US stablecoins. Leaders will discuss stablecoin …
Tagged By finance
Bridgewater Shies Away From China: Time for Inverse China ETFs?
Bridgewater exited positions in Chinese equities, as U.S.-China tensions are concerning for Chinese shares. If you are also a believer of this theory, you can bet on inverse ETFs like YXI, FXP and …
China keeps benchmark lending rates unchanged for third month
The People’s Bank of China said in a statement its one- and five-year loan prime rates (LPRs) would stay at 3% and 3.5% respectively. All 20 market participants surveyed by Reuters before the decision …
China Wants Its Own Stablecoin — Should Tether and Circle Internet Worry?
The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 billion), is a cornerstone of global digital finance. These U.S. dollar-backed …
Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins
China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency’s use worldwide, in what would represent a significant departure from its previous stance on …
US Targets Chinese Steel And Lithium for Forced-Labor Scrutiny
The announcement of new “high-priority sectors” targeted under the four-year-old Uyghur Forced Labor Prevention Act was included Tuesday in an annual update to the US government’s enforcement efforts.
China’s Rally Spreads Beyond AI and Banking Stocks
The percentage of stocks in the Shanghai and Shenzhen composite indexes hitting fresh one-year highs this week has reached their highest levels since 2021 and 2020, respectively — excluding the record …
China Boosts Short-Term Cash Injection as Bond Selloff Extends
China’s central bank added a substantial amount of cash into the financial system on Tuesday, in a move that’s seen stabilizing bonds that have come under pressure from investors migrating into …
China’s iQIYI hires banks for up to $300 million second listing in Hong Kong, sources say
Chinese video streaming platform iQIYI has hired Bank of America, CICC and JPMorgan to work on a second listing in Hong Kong, which could raise between $200 million and $300 million, said two people …
China’s Financial Paradox: Citizens Save 40% of Income While the World Watches
China’s citizens save an astonishing 40% of their income, a figure that contrasts sharply with less than 10% in the United States, creating one of the most significant economic disparities in the …
JPMorgan Sees Upside for China Bank Stocks on Margins, Fees
Chinese bank stocks are poised to rise in the second half, attracting dividend-seeking investors as the sector benefits from stabilizing net interest margins and growing fee income, according to a …
China fines JD.com payment unit $1.3 million for compliance failures
China’s central bank has fined JD.com’s third-party payment unit nearly RMB 10 million ($1.3 million) for compliance failures, marking the firm’s second …
China Expected to Keep Benchmark Lending Rates Unchanged
BEIJING/SHANGHAI (Reuters) -China is expected to keep benchmark lending rates unchanged for the third straight month in August this week, a Reuters survey showed, despite a string of recent economic …
