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11.11.26 - 05:57
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative (ZeroHedge)
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative
Authored by Matthew Horwood via The Epoch Times,China plans to issue its first yuan-denominated sovereign bonds in Canada this week, as Chinese Vice Premier He Lifeng visits the country for talks aimed at establishing closer ties.China's Ministry of Finance announced that it will issue up to 4 billion yuan (CA$846 million) in sovereign green bonds in Canada beginning Nov. 9. The green bond proceeds are meant for projects beneficial to the environment.China's state-run Global Times said the move marks "another step in expanding the Chinese currency's international reach" and creating an alternative to the U.S. dollar in trade. Beijing has been seeking to reduce reliance on the U.S. dollar and promote the use of its own currency in international trade, including through BRICS, an international grouping it co-founded with countries including Brazil, Russia, and IndiaThe announcement coincided with...
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11.11.26 - 05:42
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Chinesische Firmen halten an Deutschland fest (DPA-AFX)
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FRANKFURT (dpa-AFX) - Chinesische Unternehmen wollen trotz wachsender Kritik an den Standortbedingungen überwiegend an ihren Investitionen in Deutschland festhalten. 30 Prozent der befragten Firmen planen, ihre Investitionen auszuweiten. Weitere 63 Prozent ......
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11.11.26 - 05:30
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Midday Takeaway: HSI Closes Midday at 24,352, Down 204 pts; HSTI Closes Midday at 4,028, Down 55 pts; MEITUAN Down over 3% (AAStocks)
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At midday close, HSI dropped 204 pts or 0.8% to 24,352. HSTI dropped 55 pts or 1.4% to 4,028. HSCEI fell 65 pts or 0.8% to 8,199.Active Heavyweights:MEITUAN (03690.HK) closed at $72.85, down 3.5%TENCENT (00700.HK) closed at $412.8, down 1.2%BABA (09988.HK) closed at $100.8, down 0.8%CCB (00939.HK) closed at $10.58, down 0.6%XIAO......
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11.11.26 - 04:54
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Citi′s Poon Werkun on AI Trade, Fed, China (Bloomberg)
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Erica Poon Werkun, Asia Pacific Head of Research at Citi, discusses the unwinding of the AI trade, the outlook for Federal Reserve policy, and China's markets and economy. She speaks with Stephen Engle on the sidelines of the Citi China Conference in Shanghai. (Source: Bloomberg)...
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