Yuan

China billionaire’s 6-billion yuan supermarket deal with Giant owner, JD.com sees swift wealth wipeout
China billionaire’s 6-billion yuan supermarket deal with Giant owner, JD.com sees swift wealth wipeout
September 25, 2024
UNTIL recently, China’s budget retail billionaire Ye Guofu had been on a roll, building his fortune as his stores proved a hit in the nation’s slowing economy. Then his...
China’s big-bang stimulus boosts yuan; Aussie up after RBA
China’s big-bang stimulus boosts yuan; Aussie up after RBA
September 24, 2024
CHINA’S yuan hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
September 23, 2024
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion yuan (S$1.1 billion) to build on its presence in...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
Giant owner DFI to sell Shanghai-listed Yonghui to Miniso for 4.5 billion yuan
September 23, 2024
DFI Retail Group plans to divest its entire stake in Shanghai-listed Yonghui Superstores, amounting to 1.9 billion shares in the Chinese supermarket operator, to low-cost retailer Miniso.The group estimates...
China yuan closes at near 16-month high on rising stimulus hope
China yuan closes at near 16-month high on rising stimulus hope
September 19, 2024
CHINA’S yuan recovered all intraday losses on Thursday (Sep 19) to close near a 16-month high against the US dollar, underpinned by rising market expectations that Federal Reserve’s easing...
China merges two brokerages to create 1.6 trillion yuan giant
China merges two brokerages to create 1.6 trillion yuan giant
September 5, 2024
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.7 trillion sector amid a slump in deals. Guotai...
China merges two brokerages to create 1.6 trillion yuan giant
China merges two brokerages to create 1.6 trillion yuan giant
September 5, 2024
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.7 trillion sector amid a slump in deals. Guotai...
Yuan hits strongest in more than a year as flows offset fundamentals
Yuan hits strongest in more than a year as flows offset fundamentals
August 30, 2024
THE Chinese currency extended a recent advance to levels unseen in more than a year, as traders mulled signs of corporate buying amid broad US dollar weakness.The offshore yuan...
Yuan carry trade can prosper even after yen version collapsed
Yuan carry trade can prosper even after yen version collapsed
August 25, 2024
The hugely popular yen carry trade crashed and burned this month as Japan’s currency surged. A less well-known version of the strategy is likely to be more immune to...
Temasek prices 1 billion 10-year and 1.7 billion 30-year offshore Chinese yuan bonds
Temasek prices 1 billion 10-year and 1.7 billion 30-year offshore Chinese yuan bonds
August 22, 2024
This comes after Temasek issued three offshore Chinese yuan bonds earlier this yearTEMASEK Financial (I), also known as TFin-I, priced one billion 10-year and 1.7 billion 30-year offshore Chinese...