(Bloomberg) -- HSBC Holdings Plc has become a direct participant in China’s cross-border interbank payment system as the world’s second largest economy pushes for greater use of the yuan. The UK ...

Steamed whole fish in foil. Night Donut Studio/Yuan With a flourish, the waiter lights the flame, then puts it out a few minutes later. The package is ceremoniously unwrapped, Et voila!

With local government debt swelling to 43.6 trillion yuan as of August 2024, up from 40.7 trillion yuan at the end of 2023, the need for decisive action is clear. Liu Shijin, a leading economist and ...

China may raise 6 trln yuan in new debt over 3 years- report Part of the funds to ease local govt debt burden - Caixin Global Report follows finance ministry pledge to sharply boost debt BEIJING ...

The application detailed how Li allegedly used his positions to embezzle public property worth over 2.9 billion yuan. He is also accused of accepting bribes totaling 48.92 million yuan and ...

The yuan, also called the renminbi, has risen to become the fourth most active currency for global payments with a 4.7 per cent share, according to a ranking published in August this year by Swift ...

The greenback also rose against the onshore yuan after investors found China's weekend announcements that it would increase debt to revive its economy fell short on detail. The yuan ended at its ...

In the 21st century the pattern has been repeated. Amid predictions of a loss of its status—and despite a further fall in America’s share of world output to 16%—”king dollar” has kept ...

China's Ministry of Finance is expected to hold a briefing on Saturday in which market participants foresee a package worth between 1.5 trillion to 2 trillion yuan unveiled. "It will be important ...

Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing. Mr Yuan, who is also chief executive of the video ...