Goldman Sachs backs HKEX with ‘buy rating’, citing Beijing’s policy support, AI stock boost
Wall Street investment bank Goldman Sachs has cast a vote of confidence in Hong Kong’s financial future by reaffirming its...
archivePeople’s Bank of China
Opinion | Markets, not politics, will make China’s yuan a global currency
The yuan’s next global push will fall short if it is treated as persuasion. The test is not whether Beijing...
HKMA urges banks to widen scope of yuan use as currency’s global reach expands
Hong Kong’s financial authorities on Thursday outlined a road map to deepen the use of the yuan in corporate financing,...
China’s central bank sets weaker yuan midpoint against US dollar for third day
The People’s Bank of China set the yuan’s midpoint rate – which guides onshore market trading within a 2 per...
The future of Asian finance may be built in local currencies
The global financial system is entering a period of profound transformation. Geopolitical tensions, supply chain realignments and increasingly volatile capital...
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create...
Can currency swaps make China a lender of last resort? Ex-PBOC official weighs in
China should position itself as an international lender of last resort to help out in global emergencies and expand use...
Milei guts China currency lifeline after Trump ultimatum on financial ties: reports
Argentina is on the verge of settling its debt with China’s central bank, winding down a currency lifeline that kept...
As China’s yuan emerges as a global currency, Beijing faces a balancing act
As the yuan’s exchange rate hovers near a three-year high against the US dollar, an article by China’s top foreign...
China doubles down on crypto crackdown as central bank vows to expand digital yuan
China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing...
Page 1 of 2