Its efforts to encourage greater usage of the yuan have been multi-faceted.It has been “encouraging” companies and countries that it trades with to settle in yuan. It has struck oil
Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency's growing clout in international trade and investment. "Based on
India’s Security Press in Nashik was printing Nepal’s currency for decades. However, since 2015, Kathmandu has been awarding its currency printing contracts to the China Banknote Printing and Minting Corporation
Chinese state-linked gangs are laundering hundreds of millions of pounds in cash via international students, a report claims.They are allegedly taking cash from low-level drug dealers and using money mules
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A crypto fugitive who orchestrated a multibillion-pound Ponzi scheme to defraud investors
A Chinese fraudster has been jailed after masterminding a scam that led UK police to make the world’s largest ever cryptocurrency seizure of Bitcoin worth more than £5.5 billion.Zhimin Qian,
Tony HanGlobal China UnitMetropolitan PoliceQian Zhimin enjoyed a lavish lifestyle of travel and shopping before UK police discovered her stash of crypto A woman, said by police to have bought
This is the moment a Chinese fraudster involved in a record Bitcoin scam worth more than £5.5billion was snared by police – while in bed.Today, Zhimin Qian, known as the ‘Bitcoin
Chinese ‘Cryptoqueen’ who hid £5bn in bitcoin set to be sentenced in UKA Chinese woman named Qian Zhimin, famously known as the “Cryptoqueen”, who fled China for the United Kingdom,
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indonesia is considering issuing its first “panda bonds” next year, as China