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 ...)
China approves three sci-tech innovation IPOs
China’s securities regulator has approved the initial public offering (IPO) of three companies on the science and technology innovation board. ( read original story ...)
China Stock Market Called Rangebound On Monday
The China stock market headed south again on Friday, one day after it had ended the three-day slide in which it had fallen almost 75 points or 2.1 percent. The Shanghai Composite Index now sits just ... ( read original story ...)
Is the bull market in commodities still on the way? A logical inventory of transactions in several major plates
SMM News: recently, the commodity market is making a strong comeback. As vaccines boost risk appetite, copper, a bellwether of the global economy, has soared for months, iron ore has broken records, ... ( read original story ...)