Business
China raises record 1.45 trillion yuan from bonds in stimulus signal
China ramped up debt issuance this quarter, a move that both signals authorities’ priority on stimulating growth and efforts to prevent a…
Tag
yuan
Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
Business
China’s record mergers in 57 trillion yuan small banking sector raise future risks
CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s…
Business
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year,…
Politics
China may loosen grip on yuan as Trump reignites trade war
CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to…
News
This Hong Kong newspaper seller is preparing for a yuan crash
Currency traders looking for their next big idea could do worse than talk to Wong, who runs a news stand in Hong Kong’s Central District.…
Business
China’s new rules to add one trillion yuan into market: analysts
ANALYSTS see China’s latest initiatives injecting at least one trillion yuan (S$186 billion) of additional flows in 2025 into its ailing…
Business
PBOC halts bond buying to defend yuan as economic gloom worsens
CHINA’S central bank said it will suspend buying government bonds, its latest attempt to temper investor bets on weak economic growth that…
Business
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session. The People’s…
Business
China’s record dividend payout intensifies pressure on the yuan
China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts…
Business
China’s Nio unveils 788,000 yuan EV to take on Porsche, Mercedes
CHINESE electric car maker Nio started sales of its most expensive car as it seeks to double deliveries in 2025 and eventually become…
Business
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
PBOC offers strongest yuan support since July after US dollar gains
CHINA ramped up support for the currency via its daily reference rate after US Federal Reserve’s caution over future interest rate cuts…
Business
Alibaba to sell department store chain Intime for 7.4 billion yuan
ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm Youngor Fashion…
Politics
Chinese authorities are considering a weaker yuan as Trump trade risks loom: sources
CHINA’S top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as…