China faces growing calls from policy advisers and economists to explore using stablecoins for cross-border payments, as the US moves to entrench the US dollar’s dominance through crypto technology.While China
China’s Cross-Border Inter- bank Payment System (CIPS) was founded in 2015, with a series of tests completed over the following years. In March this year, China’s central bank, the Peo-
Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US dollar amid a stronger-than-expected domestic economy and growing concerns over
Beijing didn’t take Mark Zuckerberg lightly when he came up with his grand idea of a world currency, one that could meet the "daily financial needs of billions of people.”
A vegetable vendor counts his money at a small shop in the Putuo district of Shanghai, April 8, 2025. HECTOR RETAMAL / AFP You have to get up early if
HONG KONG, June 26, 2025 /PRNewswire/ -- This announcement is made by China Renaissance Holdings Limited (the "Company") on a voluntary basis. For the purpose of this announcement, the term
AI-generated image. (Credit: Adobe Stock) The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hong Kong’s de facto central bank has intervened again in foreign exchange
[SINGAPORE] The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.The launch
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox.China’s Premier Li Qiang has said the country would “open its doors