Yuan
Sinopec unit agrees 7.956 billion yuan deal to build gas pipelines for Saudi Aramco
A SINOPEC service unit said on Thursday (Jun 6) it has signed a 7.956 billion yuan (S$1.5 billion) deal to build natural gas pipelines for Saudi state oil company...
Hotel group Shangri-La to sell debut 1 billion yuan panda bonds
Luxury hotel operator Shangri-La Asia is tapping the onshore Chinese bond market for the first time, as diverging interest rates have made yuan borrowings significantly cheaper than debt denominated...
China creates 344 billion yuan chip fund to fuel self-resilience
CHINA has set up the country’s largest-ever semiconductor investment fund to propel the development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the...
China’s 3.9 trillion yuan deposit exodus supercharges rally in bonds
CHINA’S efforts to bolster economic growth by reducing the allure of bank deposits has driven a record exodus from cash, with a big proportion of that going into bonds...
Hong Kong officially launches pilot for digital yuan payments
HONG Kong launched a pilot programme enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
China megabanks kick off 60 billion yuan loss-absorbing bond sales
TWO of China’s biggest state banks will sell a combined 60 billion yuan (S$11.2 billion) of total loss-absorbing capacity (TLAC) bonds starting this week, the first such debt sales...
China to start one trillion yuan bond sale on Friday to boost economy
CHINA will start selling the first batch of its one trillion yuan (S$187 billion) of ultra-long special sovereign bonds on Friday (May 17), as officials ramp up efforts to...
China begins plans to sell 1 trillion yuan of long-dated bonds: FT
CHINESE authorities have kicked off plans to sell 1 trillion yuan (S$187.4 billion) of long-dated bonds as Beijing ramps up spending to stimulate the economy, the Financial Times reported...
