Ant Group’s quarterly profit fell by 65 per cent, dented by a one-time fine that signalled the end of China’s years-long crackdown on the tech industry.
The Hangzhou-based…
RIYADH – President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing’s goal to establish its…
BEIJING – China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation…
Republican senators want to ban US app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency yuan.
BEIJING – Chinese banks maintained their lending rates for a third month, with the central bank’s cautious easing measures doing little to drive down borrowing costs in the…
BEIJING – As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch. Historian Niall…
SHANGHAI – China’s foreign exchange regulator granted fresh quotas under its outbound Qualified Domestic Institutional Investor (QDII) scheme for the first time since April 2019, official…
SHANGHAI – China set its daily yuan fixing stronger than the key 7 per US dollar level on Tuesday (Feb 4) in a signal of support even as the currency weakened past the key level on…