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 ... ( read original story ...)
Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of ... ( read original story ...)
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 ... ( read original story ...)
Shein IPO snags put China-goes-global on notice
The fast-fashion group moved to Singapore to look more international but couldn't secure a public debut abroad. So Shein might now return to the mainland to facilitate a Hong Kong listing. It's a ... ( read original story ...)
Chinese Stock Rally Broadens Out as Momentum Picks Up
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 ... ( read original story ...)
Shanghai’s Putuo district hosts cross-border financial services forum
Zhou Ruyi, deputy governor of Putuo, highlighted the district's proactive exploration of the cross-border finance sector, which has included attracting institutional clusters, creating a matrix of sci ... ( read original story ...)
How China becomes a global ‘safe haven’ for international capital
China's capital market has shown sustained vitality in recent days, with the Shanghai Composite Index holding above 3,700 points on Tuesday as northbound capital, or funds invested from the Hong Kong ... ( read original story ...)