The People’s Bank of China
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PBOC Currency Policy Guessing Game is Traders’ New AI Experiment
The People's Bank of China (PBOC) headquarters in Beijing, China, on Wednesday, June 18, 2025. PBOC Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement. This initiative...
Script reveals methods of Cambodian centre scamming Australians
Police reveal scam script found in Cambodian centre targeting Australians Mon 8 Jun 2026 at 6:13pm In short: Police in Australia and Thailand have released a script discovered in a Cambodian scam compound where a fake Australian Federal Police (AFP) office was found. The script reveals the pressure tactics used to convince people to hand over their bank details in scam calls. The AFP is urging people to be wary of scam calls and says it will never ask them to verify bank details.
Jamie Dimon in China: As AI adoption accelerates, we will hire more AI specialists
America’s largest bank JP Morgan CEO Jamie Dimon recently said that the bank plans to hire more artificial intelligence specialists as the adoption of technology accelerates. Speaking at the bank’s China Summit in Shanghai with Bloomberg, Jamie Dimon said “I think it will reduce our jobs down the road”, adding “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Striking a...
Inside the world’s scam capital, where enslaved workers are forced to defraud Americans online
Five young men thought they were going to Cambodia to intern at a casino. Instead they say they became enslaved in one of the world’s most sophisticated fraud networks, an industry that has swindled billions of dollars from Americans and turned Southeast Asia into the online scam capital of the world. Lured by the promise of well-paying jobs, hundreds of thousands of people like them from China, Southeast Asia and other countries across the world have been coerced into engaging in scams such...
Asia development bank chief on financing green transition
Zou Jiayi is president and chairwoman of the board of directors of the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and inaugurated in 2016. Before leading AIIB, Zou was deputy secretary general of the national committee of the Chinese People’s Political Consultative Conference, China’s top political advisory body. She previously held senior roles at the Ministry of Finance, including as vice-minister, and as part of her three...
Read the transcript: President Donald Trump interviewed by NBC News’ ‘Meet the Press’ moderator Kristen Welker
KRISTEN WELKER: President Trump, welcome back to Meet the Press. DONALD TRUMP: Thank you. KRISTEN WELKER: Thank you so much for being here.
The fake police scam stealing millions from Australia's Chinese community
Fake police scam targets Chinese diaspora with threats and forged documents Sat 6 Jun 2026 at 5:30am It's a warm evening in a small Australian town. A man dressed in a shirt and tie prepares to record a statement he believes will be used in court.
China’s Economy Is Taking Everyone Down
Some economists assumed that the buying power of China’s expanding middle class would ultimately fuel global growth. China has instead become a destabilizing force in the global economy. Chinese President Xi Jinping is running the country as a government-subsidized, export-driven manufacturing juggernaut.
Nvidia CEO Jensen Huang declines Senate testimony on AI, China and exports
Nvidia CEO Jensen Huang has declined an invitation from Sen. Elizabeth Warren to testify before the Senate Banking Committee this Thursday, as lawmakers increase scrutiny of the chipmaker's China business and its role at the center of the global AI boom. Huang's decision means one of the most powerful executives in AI will not appear at a hearing focused on American AI development, innovation, affordability and U.S. technological dominance. Warren, D-Mass., had asked Huang to testify about...