Yuan
China’s top lenders face 1.6 trillion yuan loss-absorbing capital shortfall by 2025, Fitch estimates
CHINA’S five globally systemically important banks would have a shortfall in their total loss absorption capital (TLAC) of 1.6 trillion yuan (S$301 billion) by January 2025, Fitch Ratings estimates,...
China reiterates need for steady yuan amid fragile confidence
CHINA reiterated the need to prevent one-sided moves in the yuan, as a resurgent US dollar and poor risk sentiment pressure currencies across Asia.The nation will “resolutely” put the...
China sets yuan fixing with strongest upward bias since 2018
CHINA’S central bank ramped up support for the yuan in its daily guidance on Thursday (Apr 11) after an overnight surge in the US dollar put authorities on alert...
China ramps up yuan support as fixing tops estimates by record
CHINA signalled continued support for its currency as broad strength in the US dollar kept the yuan close to a policy no-go area. The People’s Bank of China set its...
China’s yuan red line response has traders eyeing Monday fix
TRADERS will keep a closer eye than usual on Monday (Apr 8) on China’s daily yuan reference rate, looking for signs of official pushback after the currency weakened towards...
Beijing nudged Syngenta to withdraw 65 billion yuan Shanghai IPO on market weakness: sources
CHINESE authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed US$9 billion IPO in Shanghai on concerns about the impact a sizeable new...
Steady US dollar has yen pinned near key level of 152
THE US dollar index held near its highest level in over four months on Wednesday (Apr 3), pinning the yen close to its lowest its decades, though the increased...
US dollar hits 5-month high while jawboning supports yen
THE US dollar hit its highest in almost five months on Tuesday (Apr 2) as stronger-than-expected economic data caused investors to rein in their bets on a June rate...
