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Beijing appoints Yuan Gujie as deputy director of Hong Kong liaison office
Beijing has appointed Yuan Gujie, a former senior Guangdong official who vowed to advance rules and mechanisms connectivity within the Greater Bay Area, as deputy director of its liaison office in Hong Kong. State news agency Xinhua announced the appointment on Monday. Yuan, 58, will succeed diplomat Liu Guangyuan, who is expected to retire at 61.
China’s Yuan Rises to Highest Level Against Basket Since 2022
Currencies China’s Yuan Rises to Highest Level Against Basket Since 2022 China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the Iran conflict. The Bloomberg-simulated real-time CFETS basket index rose to 101.41 on Tuesday, data showed, the highest since September 2022, extending gains for a third straight session.
Hong Kong considers new offshore yuan venture fund for tech, emerging industries
Hong Kong is actively considering launching a new offshore renminbi venture fund to channel capital into cutting-edge technology and emerging industries, while supporting yuan internationalisation, the city’s finance chief has said. The initiative aligns with the nation’s 15th five-year plan, which guides development from 2026 to 2030 and calls on Hong Kong to enhance its role as an international financial hub and expand its offshore renminbi business. “We are actively considering...
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Hong Kong well placed to help Central Asia grow yuan trade, leading banker says
Hong Kong has the “most complete renminbi financial ecosystem” and is well placed to serve as a hub for Central Asian countries seeking to expand the currency’s use in trade and investment, according to a veteran banker. Stephen Chan Man, deputy chief executive of Bank of China (Hong Kong), also said on Thursday that the high-level delegation led by Chief Executive John Lee Ka-chiu next month to Kazakhstan and Uzbekistan was an opportunity to deepen financial ties with the region under a...
China sees record panda bond issuance in 2026 as foreign borrowers pile in
China sees record panda bond issuance in 2026 as foreign borrowers pile in Beijing’s looser monetary policy, a wider bond market opening and expanding yuan internationalisation are helping drive the trend, analysts say Foreign governments, international banks and multinational companies are increasingly tapping China’s domestic bond market, as panda bond issuance hit a record high in the first five months of the year. A total of 11 entities sold 14 panda bonds – yuan-denominated debt...
China wife finds ex hid US$2 million during divorce while she struggled with US$1,000 medical bills
China wife finds ex hid US$2 million during divorce while she struggled with US$1,000 medical bills Woman who suffered a decade of beatings from violent husband who bought sex toys for his mistress finally gets justice A long-suffering domestic violence victim in China who struggled to cover the 7,000 yuan (US$1,000) cost of treating her injuries has discovered that her husband had hidden 14 million yuan (US$2 million) from her. The 53-year-old woman’s story, reported by Shanghai Morning...
Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace
Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush The Hangzhou-based company filed to list on Shanghai’s Star Market on March 20. Following two rounds of regulatory inquiries and an on-site inspection, the hearing approval opens the door for the IPO to proceed to registration and issuance. Unitree said it aimed to raise 4.2 billion yuan...