Devisenmarkt China      14815.4745     -0.67%     (China A50 Kurs)

 

More companies are using Hong Kong as a platform to tap yuan funds to finance their operations, thanks to the city's active capital market and a new 200 billion yuan (US$28.68 billion) liquidity facility that provides steady, cheap yuan funding, according to a Standard Chartered report on Wednesday. Among companies that have yuan exposure, about 24 per cent said they would like to increase yuan financing over the next three years, according to Standard Chartered, citing the results of a survey......

EVE Energy Co., one of China's top lithium-ion battery makers, said it would build two new manufacturing plants with a combined annual capacity of 110 gigawatt-hours at a total cost of 11 billion yuan ($1.6 billion)....

China's yuan hit a three-year high as the pause in Middle East hostilities eased geopolitical tensions....

China's yuan is poised to defy its typical second-quarter slump as the nation's resilience to the Iran war and a burgeoning economic recovery offset seasonal pressures....

Mainstream metrics may understate the role of China's currency in global payments, as a growing share of transactions is now routed through Beijing's own cross-border payment system and not fully reflected in conventional data sets, analysts say. This could help explain the gap between Beijing's official narrative – which describes the yuan as the world's third-largest payment currency – and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication......

Deputy Prime Minister Alexey Overchuk said the issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation...

CANBERA (dpa-AFX) - The New Zealand dollar weakened against other major currencies in the European session on Friday, after the release of weak Chinese economic data and increased geopolitical ten......

Shares of Chinese companies that offer cross-border payments rose, after the commerce ministry noted that the yuan is being used to pay tolls for passage through the Strait of Hormuz....

Chinese e-commerce major JD.com has priced a 10 billion yuan (US$1.5 billion) dual-tranche offshore bond offering, as issuers from mainland China return to the currency amid improving funding conditions. The Beijing-based e-commerce giant said in a filing to the Hong Kong stock exchange on Thursday that the dim sum bond – yuan-denominated notes issued outside the mainland – comprises 7.5 billion yuan of five-year senior unsecured notes carrying a 2.05 per cent coupon, and 2.5 billion yuan of......

Ship owners and operators face difficult legal questions over whether they should pay Iran's tolls and which rules, sanctions and conventions may be applied to them....

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China's onshore bond market, backed by ample liquidity and a stable currency, is emerging as an attractive funding source for developing economies, according to the BRICS-led New Development Bank....

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China Vanke posted a record 88.56 billion yuan (US$12.83 billion) loss last year in the latest sign that mainland Chinese property developers continue to struggle under debt pressure and slowing residential sales as a full market recovery remains nowhere in sight following five years of decline. The developer said its annual revenue amounted to 233.43 billion yuan, down 32 per cent year on year. The basic loss per share was 7.45 yuan, down 78.4 per cent. The loss, which exceeded Vanke's 82......

Konjunkturdaten - In China zeigt die Industrie überraschend Erholung: Der Einkaufsmanagerindex kletterte im März auf 50,4 Punkte....

Die Spannungen im Nahen Osten lassen Asiens Börsen und den Yuan abstürzen und verstärken die Sorge vor weiteren Turbulenzen und einer Eskalation des Konflikts....

Es sind erste Anzeichen für eine Erholung der zweitgrößten Volkswirtschaft der Welt. China kann die Gewinne seit Anfang des Jahres kräftig steigern....

The volume of foreign currency sales on the domestic market for settlements dated March 24 amounted to $54.73 mln...

Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of legitimacy. Having written extensively on the global recession in the late 2000s, Rogoff has turned his focus to the US currency's increasingly unstable place at the top of the world's financial hierarchy. A former chief economist at the International Monetary Fund and a chess grandmaster, he published Our Dollar, Your Problem in May last year. In this interview, Rogoff elaborates......

In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham Indian refiners have bought about 60 million barrels of Russian oil for delivery next month, which is set to ease some supply concerns as the Middle East war chokes flows. Citing people familiar, Bloomberg reports that the cargoes were booked at premiums of $5 to $15 a barrel to Brent. The volume is similar to the amount of purchases for this month, but more than double than that for February, according to data intelligence firm Kpler. The buying spree followed a US waiver that allowed India to take Russian oil that was already loaded onto vessels before March 5 to offset shortages caused by the effective closure of the Strait of Hormuz. The measure was subsequently expanded to include other countries and updated to allow purchases of crude already at sea before March 12. India has bought ~60 million barrels of Russian oil in March, and already booked a similar amount for deliver...