2021-10-31 13:00 |
China's slowing growth coupled with a tightening of monetary policy in other nations could test the yuan's strength. origin »
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The Chinese yuan has gained in value against the U.S. dollar since the pandemic broke out, but could face challenges going forward.
2021-10-31 13:00 | |
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The Hong Kong Monetary Authority (HKMA) and the Digital Currency Institute of the People’s Bank of China (PBOC), are looking to expand the testing of China’s central bank digital currency (CBDC) for cross-border payments.
2021-5-14 00:30 | |
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The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said.
2021-5-13 12:14 | |
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China’s planned CBDC rollout is expected to see the digital yuan dovetailing with the country’s electronic payment systems.
2020-6-23 14:00 | |
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The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank.
2020-2-18 08:10 | |
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Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing.
2019-8-8 16:45 | |
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The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6. 93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors from weaker equities to a vaguer monetary stance by the People Bank of China.
2018-10-9 15:32 | |
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