The Chinese currency renminbi (RMB), or the yuan, has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
Chinese yuan's real EER strengthens for 6 months: BIS2021-02-15
The real effective exchange rate (EER) of the Chinese yuan has strengthened for six consecutive months up to December 2020, latest data from the Bank for International Settlement (BIS) showed.
Chinese shares close higher, finish Year of Rat on upbeat note2021-02-11
Chinese stocks closed higher Wednesday with the benchmark Shanghai Composite Index up 1.43 percent, at 3,655.09 points, wrapping up the lunar year on an upbeat note.
Chinese cloud communication provider Cloopen Group Holding debuts on NYSE, shares jump2021-02-10
Cloopen Group Holding, a leading multi-capability cloud-based communications solution provider in China, started trading on the New York Stock Exchange Tuesday, with the shares skyrocketing on its initial public offering (IPO) day.
Solid offshore bond issuances likely this year2021-02-09
China will see strong issuance of offshore bonds this year, although investors may continue to see sporadic bond defaults, which will not affect sound development of the overall market, said Citigroup.
Digital currency issued to boost Spring Festival consumption2021-02-08
Several Chinese cities are using digital renminbi (RMB) to boost consumption during the upcoming Spring Festival and promote the use of the new form of currency.
Turnover of China's "new third board" tops 13 bln yuan2021-02-07
China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 13.26 billion yuan (about 2.05 billion U.S. dollars) so far this year.
China approves merging Shenzhen bourse's main, SME boards2021-02-06
China's securities regulator on Friday approved merging the Shenzhen Stock Exchange's main board with the SME (small and medium-sized enterprises) board.
Video sharing app Kuaishou debuts on Hong Kong market2021-02-05
Video sharing app Kuaishou Technology went public on the Hong Kong stock market on Friday.
STAR connect to spur opening-up2021-02-03
Inclusion of STAR Market stocks in the Shanghai-Hong Kong stock connect program will help further improve the trading environment and spur the country's capital market opening-up, said experts.
China's Bond Connect program sees record average daily turnover2021-02-01
China's Bond Connect program saw robust activity in January with average daily turnover hitting a record high, according to a report released by Bond Connect Co., Ltd.
Kuaishou to raise $5.4b from HK public offering2021-01-27
Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology.
Mutual funds set to fly, says McKinsey2021-01-26
China's mutual funds are expected to maintain high growth at an annualized rate of 18 percent from 2019 to 2025 as a result of the country's capital market reform, said McKinsey & Co.
Index futures to boost commodity trading2021-01-26
Shanghai's role as a leading global financial center has been further consolidated as the city has accelerated its launch of a number of yuan-denominated futures products over the past few years.
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