Yuan

Analysis: Japan keen to speed up digital yen launch as China adds geopolitical twist

Japan's new political leadership is calling on the country's financial bureaucrats to ramp up efforts toward issuing a digital currency,…

4 years ago

China updates risk management rules for insurance groups

China's banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step…

4 years ago

Alibaba slashes sales outlook as competition bites, demand slows

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), slashed its forecast for annual revenue growth on increased competition and a regulatory…

4 years ago

China Huarong in talks with investors after $16 bln loss

Chinese state-owned asset manager China Huarong Asset Management (2799.HK) sought on Monday to turn the page on a deep annual loss, as…

4 years ago

China tightens scrutiny on $9.3 trillion fund industry

China's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as…

4 years ago

China’s Sinopec posts $6 bln H1 profit on rebounding oil prices, better demand

China Petroleum & Chemical Corp (600028.SS) on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months…

4 years ago

China’s factory activity in July grows at slowest pace since Feb 2020

China's factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance…

4 years ago

China’s industrial profit growth slows in June on high raw material prices

Profit growth at China's industrial firms slowed for the fourth straight month in June, as high raw material prices weighed…

4 years ago

U.S. dollar share of global reserves rises in Q1; euro share slips

The U.S. dollar's share of currency reserves reported to the International Monetary Fund edged up to 59.5% in the first…

4 years ago

China urges banks, Alipay to crack down harder on cryptocurrencies

China's central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS)…

4 years ago