Tourists from China and Singapore will be able to pay with the e-CNY when travelling to both countries as part of a new pilot programme, in a breakthrough for Beijing’s …
Those expectations were dashed as early as May when it became clear the recovery had faltered, mainly because of the severity of the crisis in the all-important property sector. Excessive …
Four foreign-funded banks including Standard Chartered and HSBC have jumped on China’s central bank digital currency (CBDC) bandwagon, as financial institutions and regulators push to expand the use of the …
China is expected to see “healthy and sustainable growth” in the year ahead, even as it navigates the challenges of transitioning from a property sector-driven economic growth model to one …
Financial regulators from mainland China, Hong Kong and Macau have proposed to undertake stronger collaboration between the three jurisdictions to promote fintech in the Greater Bay Area. The People’s Bank …
China keeps tight control of yuan level in daily setting, collapsing currency volatility to levels last seen in 2010 China’s ironclad grip on the yuan has reached a level not …
The HKMA has already taken on a bigger role at the international level; it is now actively involved in the Bank for International Settlements (BIS) and is working on introducing …
Chinese banks will continue to grapple with interest margin pressures in the fourth quarter of 2023, analysts said, after the sector reported lacklustre earnings in the nine months ended September …