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Doubts about the dollar's supremacy present a unique opportunity to accelerate the yuan's internationalisation The third and ...
Replacing the Hong Kong dollar with the yuan would not only benefit Hong Kong’s economic growth in the long run, but also help the city to better integrate with Greater China. It’s important ...
“Hong Kong’s currency peg to the dollar is not sustainable. The city risks being increasingly led by US monetary policy,” independent economist Andy Xie wrote last month. “As global yuan ...
Two dozen Hong Kong-listed stocks will be priced in the yuan on Monday, giving China's currency another boost in global finance. Alibaba and Tencent will be among the shares that will be traded in ...
Deposits of Chinese yuan in Hong Kong reached 1.06 trillion yuan (US$149.5 billion) in July, further cementing the city's role as the largest offshore yuan hub as tailwinds gather for the currency ...
Mainland Chinese holdings under a nascent scheme allowing investment in Hong Kong and Macau wealth products have more than doubled since the end of last year to 814 million yuan ($110 million).
Beijing's stimulus roll-out may also trigger more mainland consumption at the expense of Hong Kong's retail, dining scene China's depreciating yuan against the US dollar is music to the ears of ...
HONG KONG -- Some Hong Kong-listed companies are shifting their borrowings to yuan, sometimes drastically, as the U.S. Federal Reserve keeps rates high to fight inflation while the People's Bank ...
Hong Kong’s $1.9 Trillion Stocks Await Boost From Yuan Trading Tencent Holdings and China Mobile are among 24 stocks on list Launch of a similar model in 2012 drew a lackluster response ...
HONG KONG -- Hong Kong has become the first city outside mainland China to allow local residents to open digital wallets with e-CNY, or digital yuan, marking another step in the ...
HONG KONG (MarketWatch) — Some times it is the little things that really grab your attention. Last week, the HSBC cash machine offered me a new menu choice — withdrawals in either yuan or Hong ...
Hong Kong-listed stocks will be priced in yuan on Monday, giving China's currency another boost. Two dozen stocks, including Alibaba and Tencent, will be traded in the yuan and the Hong Kong dollar.