Chinese Yuan Slides, Stock Futures Whipsaw After Debt Swap Plan
The yuan declined while Chinese stock futures whipsawed after authorities announced a total 10 trillion yuan ($1.4 trillion) program to refinance local government debt, signaling investors weren’t impressed with the latest attempt to support the economy. The yuan sank as much as 0.6% in offshore trading, pulling its Asian peers such as the Australian and New Zealand dollars weaker.
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economy
China unveils 10 trillion yuan debt swap to help local governments
CHINA announced a 10 trillion yuan (S$1.8 trillion) programme to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump.
China approves bill to raise local govt debt ceiling by 6 trillion yuan
The Standing Committee of the 14th National People's Congress, China's top legislature, on Friday approved a bill to raise the local government debt ceiling by 6 trillion yuan ($836.74 billion) to replace existing hidden debts of local governments,
China to raise local govt debt ceiling to boost struggling economy
China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility
China’s yuan falls sharply as Donald Trump declares US election win
Exchange rate between US dollar and yuan could become a bargaining chip in negotiations between China and the US on tariffs, ...
Overnight volatility in dollar/yuan currency pair hits all-time high on election jitters
Overnight volatility in the U.S. dollar versus the offshore Chinese yuan (CNH) soared to an all-time high, underlining ...
Hong Kong Stocks, Yuan Slump as Trump’s Early Lead Fuels Jitters
Early US election results showing Donald Trump’s lead are weighing heavily on the Chinese yuan and stocks as traders fear the ...
China adds 6 trillion yuan in hidden debt relief, pledges more stimulus – as it happened
China’s top legislative body approved additional debt relief for local governments and promised more support next year.
Chinese stocks and the yuan drop as Trump presidency looms
China's yuan and stock markets fell sharply on Wednesday as the prospect of another Donald Trump presidency and Republican ...
China and Japan selling their U.S. treasury holdings are to shore up the value of Yuan and Yen: Economist
Alexis Crow of PwC US explains the reason behind China, Japan and other emerging markets sell their U.S. treasury holdings.
PBOC unveils digital yuan hard wallet with dynamic QR codes and offline payment features
China’s central bank unveils a digital yuan payment card with tap-and-scan capabilities, aiming to boost adoption amid competition from WeChat Pay and Alipay.
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Carl Yuan tee times, live stream, TV coverage | World Wide Technology Championship, November 7-10
Among the golfers taking to the course at El Cardonal at Diamante in Cabo San Lucas, MEX from November 7-10 is Carl Yuan, who ...