China's central bank governor speaks at annual financial forum about further opening repurchase facilities and offshore trading to foreign central banks Top Chinese financial regulators have vowed to ... ( read original story ...)
China unveils plan to boost yuan’s global use, strengthen Shanghai as financial hub
China has unveiled new measures to accelerate Shanghai’s development as a global financial center and promote wider international use of the yuan, the South China Morning Post reported Wednesday. ( read original story ...)
Shanghai aims higher for offshore finance
To better address companies' outbound reaches, Shanghai, as an international financial center, should have the business rules and systems for offshore finance initially established by the end of 2027, ... ( read original story ...)
‘China’s Instagram’ readies Hong Kong IPO that could see it valued at over $70 billion
Chinese lifestyle and video-sharing platform Xiaohongshu is aiming for an initial public offering in Hong Kong as early as the end of this year, according to people familiar with the matter. ( read original story ...)
Chinese social media firm Xiaohongshu taps Goldman, CICC to work on Hong Kong IPO, sources say
By Kane Wu and Yantoultra Ngui HONG KONG, June 16 (Reuters) - Chinese social media platform Xiaohongshu has tapped banks including Goldman Sachs and CICC to work on a potential Hong Kong initial ... ( read original story ...)
China makes new push to take yuan global, vows vigilance against financial risks
SHANGHAI, June 17 (Reuters) - China announced fresh measures on Wednesday to promote the global use of the yuan and unveiled plans to better manage domestic money market liquidity. Pan Gongsheng, ... ( read original story ...)
Shanghai Disney unveils stunning new Enchanted Star Hotel for 10th anniversary
As the resort celebrates its landmark 10th anniversary, a stunning Art Nouveau-inspired property is gearing up for a winter 2027 opening. ( read original story ...)