Beijing has slowly rolled out its Digital Yuan over the last couple of years, giving it away to promote uptake and persuading millions of merchants to accept the currency. But existing payment systems …
Tagged By financials
China’s banks face soaring NPLs as economic woes intensify
There are rising concerns over China’s banking system as the country’s lenders feel the effects of slowing growth combined with a deflating real estate market.
China Tells Banks, SOEs to Report Exposure to Conglomerate Fosun
Chinese authorities have told the nation’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Fosun, one of the country’s largest non-state conglomerates, …
China Stocks Are Primed for Risk Rally to Morgan Stanley Quants
Equity traders in China are rapidly positioning for a rally in the onshore market, according to Morgan Stanley’s quantitative strategy team, which recommends clients prepare to “ride the wave.”Most Re …
Breakingviews: China congress will keep investors catastrophizing
China’s faltering economy puts the set-piece of the country’s political calendar on a big stage. The twice-a-decade Communist Party Congress starting on Oct. 16 is likely to hand an unprecedented …
Morgan Stanley Quant Model Triggers Buy Signal for China Stocks
(Bloomberg) — Equity traders in China are rapidly positioning for a rally in the onshore market, according to Morgan Stanley’s quantitative strategy team, who recommend clients prepare to …
Hedge Fund’s Decade-Long Wait for China Yuan Crash Nears Payday
For the better part of a decade, a US hedge-fund manager who has never even set foot in China has been patiently betting that the yuan will stage a massive collapse, one so deep that…
China demands ‘united front’ with Putin against Western sanctions – ‘No limits!’
CHINA HAS demanded a “united front” with Russia in opposition to Western sanctions imposed on Moscow and Beijing.
China Plans Three Moon-Mining Missions After Finding a Potential New Source of Energy
The Chinese discovery of a phosphate mineral in columnar crystal has the nation clamoring for more Moon material.
China’s ponzi-like property market is eroding faith in the state
The train ride through China’s heartland helps to explain one of the country’s biggest crises in recent memory: the public’s loss of confidence in the government’s economic model. For decades the …
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency?
It’s also the third-largest trading nation in the world — behind only the U.S. and E.U. However, China’s currency — the renminbi — only accounts for 3 per cent of global trade. Compare that to…
China’s New Space Station Has a Big Role to Play—Scientifically and Diplomatically
The Tiangong orbiting laboratory will fill a void the International Space Station will leave—both scientifically and diplomatically …
Can Russia’s payment alliance with China get around banking sanctions?
VTB, one of the largest state-run financial institutions in Russia, is allowing transfers in yuan without using the SWIFT messaging system. However, building scale without access to Western markets …