China’s Repo Market Hit Hard as Yuan Defense Sparks Cash Squeeze
China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.Most Read from BloombergTrump ...
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Christopher Yuan's nonprofit sues tech company, alleges religious discrimination
A Christian nonprofit overseen by theologian Christopher Yuan has filed a lawsuit against a California-based technology ...
The Reason China Will Devalue The Yuan
Geopolitical tensions and tariffs will likely push China to devalue its currency, making USD:CNY a profitable trade. Read ...
China January bank lending hits record high on policy stimulus
New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy ...
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Face Off: should the yuan replace the Hong Kong dollar?
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 ...
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Alibaba to invest at least 380 billion yuan in AI over next 3 years
ALIBABA said on Monday it plans to invest at least 380 billion yuan (S$70 billion) in its cloud computing and artificial ...