Chinese stocks closed higher on Monday, with the Shanghai benchmark index closing at its highest point in nearly a decade on Monday and the market capitalization of A-share listed companies surpassing ... ( read original story ...)
Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins
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 ...)