yuan

Retail Asia05/05/2021

Global payments giant Mastercard is in talks with various central banks with an eye on opportunities in central bank digital currencies. Amongst the central banks in discussion with Mastercard is the People’s Bank of China, according to a report citing APAC co-president Ling Hai. Circulation of central bank digital currencies (CBDC) outside of their home […]

Retail Asia31/08/2018

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Vietnamese can trade in yuan at the border with China, the State Bank of Vietnam has decreed. It means the transactions that traders and residents have been doing informally in the yuan for long along the border gets legal sanction from October 12. Economist Nguyen Tri Hieu said “There have not been any specific regulations on […]

Retail Asia30/05/2017

Chinese online and mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of widening currency payment options. Payments through AlipayHK, which handles mobile payments in Hong Kong dollars, will be accepted at more than 2,000 stores in […]

Retail Asia02/03/2016

Economists have often said “when America sneezes, the world catches a cold” reflecting the importance of the US to the global economy. But the past 12 months suggest the world’s immune system is more sensitive to China’s sniffles than was previously thought. The country’s economic slowdown and the overdue lancing of the bubble in its […]

Retail Asia18/02/2016

China’s central bank governor said there was no basis for continued depreciation of the yuan as the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview published Saturday in Caixin magazine. Zhou Xiaochuan dismissed speculation that China planned to […]

Retail Asia26/01/2016

On February 8th, China will celebrate the Year of the Monkey. The monkey is famously a smart, naughty, wily and vigilant animal, and anybody trying to make money in the rest of 2016 will have to learn how to outsmart the animal. A useful barometer of the Chinese economy is always to look on the […]

Tag: yuan

Mastercard Eyes Digital Yuan Opportunities

Vietnam allows use of yuan at Chinese border

Transaction app Alipay launches first non-yuan version in Hong Kong

China will bounce back and continue to drive global growth for decades

China’s Central Bank says no reason for yuan to slide further

China is facing into a period of painful economic adjustments