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China’s tech firms JD.com and Ant Group have proposed to the country’s central bank to allow the launch of stablecoins in Hong Kong pegged to its offshore yuan. Both companies believe the initiative ...
The cost for banks to borrow yuan from each other overnight in Hong Kong surged to its second-highest level on record Monday, the latest sign of tumult plaguing the Chinese currency just as it is ...
HONG KONG—The cost for banks to borrow yuan from each other overnight in Hong Kong jumped to a seven-month high Wednesday, a move traders said was likely due to further intervention in the market from ...
SHANGHAI/SINGAPORE, Sept 14 (Reuters) - China's yuan pared earlier losses against the dollar on Thursday, supported by firmer-than-expected central bank guidance and tight liquidity in the offshore ...
Some of the biggest names in the hedge-fund industry are piling up bets against China’s currency, setting up a showdown between Wall Street and the leaders of the world’s second-largest economy. Kyle ...