Yuan
US dollar gains as inflation data looms; yen on intervention watch
THE US dollar gained on the euro and pound on Thursday (Mar 28) after a US Federal Reserve policy maker said he wasn’t in a hurry to cut rates,...
China’s yuan a standout funder for emerging-market carry trade
THE historic end to super-easy monetary policy in Japan and a surprise rate hike in Taiwan have strengthened the yuan’s appeal as a funding currency for the global emerging-market...
China’s state banks step in to arrest yuan slide after key level breached, sources say
CHINA’S major state-owned banks were seen selling dollars on Friday, two people with knowledge of the matter said, in an attempt to arrest weakness in the yuan after it...
CLI issues 1 billion yuan of 3.5% sustainability-linked bonds in China
CAPITALAND Investment (CLI) has raised 1 billion yuan (S$187.1 million) from its inaugural sustainability-linked bond issuance in China. The bond was issued under CLI’s 2 billion yuan debt programme...
China central bank approves Tencent’s Tenpay capital boost to 15.3 billion yuan
CHINA’S central bank has approved Tencent Holdings’ online payment platform Tenpay boosting its registered capital to 15.3 billion yuan (S$2.8 billion), according to a central bank statement on Friday...
China investors rush abroad, hitting outbound investment limits and moves to stabilise yuan
CHINESE money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing’s efforts to revive domestic markets and stabilise...
Zheneng Jinjiang H2 profit plummets on impairment loss, revenue down 18.8% to 1.8 billion yuan
ZHENENG Jinjiang Environment posted a net profit of 15.3 million Chinese yuan (S$2.9 million) for the second half ended Dec 31, 2023, plummeting 93.4 per cent from 231.5 million...
Yanlord records H2 loss of 2 billion yuan; FY23 ‘exceptionally unusual’ with China’s real estate credit crisis, CEO says
CHINESE property developer Yanlord Land Group sank into the red with a net loss of two billion Chinese yuan (S$378.9 million) in the fiscal second half ended Dec 31,...
