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yuan

Shanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China

by Walter Watson
Shanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China

Sanctions by the United States and the United Kingdom on Russian metals will cement China as Moscow’s buyer of last resort for key commodities, and enhance Shanghai’s role as a …

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Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

by Anas Siddiqui
Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk that it unleashes a chain reaction rocking emerging- and developed-market …

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China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

by Walter Watson
China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

Although China’s central bank has hinted at plans for more monetary easing, uncertainty over the exact timing of US interest rate cuts and renewed depreciation pressures on the yuan are …

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Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

by Anas Siddiqui
Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents …

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Bocom and ICBC deliver slow profit growth while sounding more optimistic on outlook

by Anas Siddiqui
Bocom and ICBC deliver slow profit growth while sounding more optimistic on outlook

Operating income, primarily interest income and fees, climbed 0.3 per cent to 258 billion yuan from 257.3 billion the previous year. The lender is distributing 27.8 billion yuan in dividends …

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China’s ‘two sessions’ 2024: new mandate, party control push central bank beyond ordinary role

by Anas Siddiqui
China’s ‘two sessions’ 2024: new mandate, party control push central bank beyond ordinary role

Rather than take drastic action to silo China from the US and insulate its economy from what already looked like a ticking time bomb, Wang promised his old friend the …

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China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?

by Walter Watson
China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?

Such a tilt in world power would indicate major historical changes in China’s and the party’s favour, but it is far from a settled matter. As the first major economy …

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China’s repo market: what changes are in store for banks, global bond investors

by Anas Siddiqui
China’s repo market: what changes are in store for banks, global bond investors

The PBOC and HKMA initiatives could facilitate the diverse use of Chinese bonds held by Bond Connect investors, such as bridging intraday funding gaps, Hui said in a written reply …

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Mainland Chinese customers spent US$7.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog

by Anas Siddiqui
Mainland Chinese customers spent US.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog

“This pent-up demand will fade, so demand will return to the average level seen during the years before the pandemic. It is unlikely to go back to a peak of …

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Opinion | China’s stock market has little to fear from Trump presidency – unlike the US

by Walter Watson
Opinion | China’s stock market has little to fear from Trump presidency – unlike the US

This is not surprising, given Trump’s threat to revoke “most favoured nation” trade status for China and impose a flat 60 per cent tariff on all Chinese imports. According to …

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