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 ...
Tag: Yuan
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 ...
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 ...
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 ...
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 ...
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 ...
GHY expects 94 million yuan loss following cancelled China football games with Al Nassr
GHY Culture and Media said on Tuesday (Feb 27) that it is expecting a loss of 94 million yuan (S$17.6 ...
BYD unveils 1.7 million yuan EV supercar to rival Ferrari, Lamborghini
BYD debuted its most expensive car on Sunday (Feb 25), a 1.7 million yuan (S$317,200) high-performance fully-electric supercar pitted against ...
US dollar keeps a grip on 150 yen; China cut leaves yuan unruffled
THE greenback traded above 150 yen for a sixth day on Tuesday (Feb 20), as investors grew less certain that ...
China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, ...
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