China’s new sovereign digital currency could transform cross-border trade due to its ability to process payments and handle foreign exchange transactions simultaneously. That’s according to the former ... ( read original story ...)
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
A former governor of China’s central bank believes the digital yuan won’t upset the order of the global monetary system. According to a report by the South China Morning Post on Sunday, Zhou Xiaochuan ... ( read original story ...)
China’s central bank conducts 20 billion yuan of reverse repos
China's central bank on Monday conducted 20 billion yuan (about 3.06 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the ... ( read original story ...)
Yum China to Report Fourth Quarter and Fiscal Year 2020 Financial Results
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ending ... ( read original story ...)
Global Markets Rise, Dollar Weakens On Vaccine-Led Recovery
Services PMI data is due to release later today. China's Shanghai Composite benchmark closed up by 0.66% on hopes of more policy support. The country's November house prices grew 4% YoY. China's has a ... ( read original story ...)
Asian markets rise as Japan reports better business sentiment
Shares rose early Monday in Asia, shrugging off a weak close last week on Wall Street after Japan's central bank reported a strong improvement in ... ( read original story ...)
New Zealand included in list of Shanghai embassies allegedly ‘infiltrated’ by Chinese Communist Party
New Zealand has been included in a list of embassies in Shanghai that have allegedly been "infiltrated" by the Chinese Communist Party because staff members have been appointed via a government-run ... ( read original story ...)