Chinese Yuan Slides, Stock Futures Whipsaw After Debt Swap Plan
The yuan declined while Chinese stock futures whipsawed after authorities announced a total 10 trillion yuan ($1.4 trillion) program to refinance local government debt, signaling investors weren’t impressed with the latest attempt to support the economy. The yuan sank as much as 0.6% in offshore trading, pulling its Asian peers such as the Australian and New Zealand dollars weaker.
Exchange rate between US dollar and yuan could become a bargaining chip in negotiations between China and the US on tariffs, ...
Early US election results showing Donald Trump’s lead are weighing heavily on the Chinese yuan and stocks as traders fear the ...
Overnight volatility in the U.S. dollar versus the offshore Chinese yuan (CNH) soared to an all-time high, underlining ...
China’s top legislative body approved additional debt relief for local governments and promised more support next year.
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China's top legislative body, the standing committee of the National People's Congress (NPC), did as was expected, approving ...
China’s central bank unveils a digital yuan payment card with tap-and-scan capabilities, aiming to boost adoption amid competition from WeChat Pay and Alipay.
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