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yuan, China
China’s yuan skips the stimulus party as state banks sell
SHANGHAI/BEIJING: China’s yuan has stayed steady through a week that saw authorities roll out massive stimulus
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
Offshore Yuan Weakens Slightly After China’s Latest Monetary-Easing Measures
The offshore yuan weakened slightly against the U.S. dollar in the early morning Asian session after China’s latest monetary-easing measures.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
Equities, yuan, copper climb after China announces stimulus
A widely followed global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy, while China's yuan hit a 16-month high against the U.
China, Asia and markets
China's stock markets are partying like it's 2008, overwhelming systems
The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concerted commitment to boost China's ailing economy.
Stock market today: Asian markets rally again as China ramps up support for its economy
Shares rallied again in Asia on Thursday following reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks. Bloomberg and other reports cited unnamed sources as saying that the Chinese government would spend 1 trillion yuan ($142 billion) on capital injections for lenders.
China's stimulus-led stock rally pulls Asia and Europe higher; oil falls
European equities clung to the coattails of surging Asian stocks on Thursday, driven by news of aggressive Chinese economic stimulus and a fall in oil prices on a report Saudi Arabia is preparing to dump its unofficial crude price target of $100 a barrel.
China to inject $142 billion capital into top banks
China weighs injecting $142 bln of capital into top banks, Bloomberg News reports
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, Bloomberg News reported on Wednesday.
China Weighs Injecting $142 Billion of Capital Into Top Banks
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter.
China considers massive $142B (1 trillion yuan) bank capital infusion
China is on the verge of injecting nearly $142.4B (1 trillion yuan) to increase its biggest state bank’s capacity to support its nose-diving economy and slow markets. Sources confirmed that Beijing planned to issue new sovereign bonds to fund the largest Chinese government bailout since the 2008 global financial crisis.
1d
China’s march to strong yuan is long and perilous
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
16h
It could soon get a lot harder for Russia to deal in Chinese yuan
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
27m
China stocks set for best week since 2008; Japan leadership contest in focus
Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, ...
2d
on MSN
Yuan boosted as China unleashes stimulus
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest ...
3h
China's Factory Activity Seen Extending Declines in Sept: Reuters Poll
BEIJING (Reuters) - China's factory activity likely remained in contraction for the fifth consecutive month in September, as ...
6h
Debt Supply Risk Looms for China Bonds on Fiscal Stimulus Plan
A flurry of news on China’s use of special sovereign debt to fund fresh stimulus highlights a growing risk to its record bond ...
中国日报网
50m
China's audio-visual industry revenue up 7% in H1
BEIJING - China's broadcasting, television and online audio-visual service industry generated total revenue of 668.3 billion ...
5h
China ramps up stimulus to prop struggling economy, announces more interest rate cuts
China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of fresh fiscal ...
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