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China injects $500B yuan into banking system amid coronavirus crisis
China's central bank injected 500 billion yuan ($71.21 billion) worth of liquidity into the banking system Tuesday via reverse repurchase agreements after offering a large amount of funds a day early......»»
Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan - sources
Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said......»»
China Announces New Regulatory Authority to Certify Digital Payments, Blockchain Products
China’s central bank will certify a list of fintech products that are widely used for digital payment and blockchain services with its verification system......»»
The Wall Street Journal: China frees up $126 billion for lending with reserve-ratio cut
China’s central bank will unleash roughly 900 billion yuan ($126 billion) into the financial system, in an effort to boost lending as the world’s second-largest economy faces increasing pressure from a trade war with the U.S......»»
New subway pay system launches
Sometime after noon on Friday, customers waving "tap and pay" debit cards, or the Apple or Google pay app on their phones, will be the first to board the subway using a new contactless payment... To view the full story, click the title link......»»
China Launches Foreign Spy Reporting Website, Offers Rewards for Tip-Offs
The system is set up to report those who are trying to “overthrow the socialist system.â€.....»»
China fines Alipay for violating payment services regulations
The Shanghai head office of China's central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday......»»
Yuan Hits Cycle Lows As China Macro Data Disappoints Across The Board
After a fifth straight month of contraction in the shadow banking system... ...and the amid the ongoing collapse of its currency, a deluge of major Chinese m.....»»
Dollar Dumps - Erases Week"s Gains As Yuan, Lira, Ruble Rally
While the dollar remains close to cycle highs, it has given up all the week's gains today after China trade headlines overnight and Turkish FinMin confidence-inspiring conference call confirms to investors that t.....»»
China Wants to Challenge the U.S. Dominance of Global Payments
China, Russia, Britain, France, and Germany have agreed to set up a payment system that can do an end-run around U.S. sanctions—another indication of China’s increasing power in the global financial system.....»»
China "Consumption" Slumps As Trade War Weighs On Sentiment
Following another month of contraction in the shadow banking system and the recently resumed downtrend in Chinese stocks and yuan, investors are bracing for the monthly deluge of ec.....»»
Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday......»»
Emerging Markets Report: Why China’s latest stimulus effort is simultaneously calming and unsettling investors
The People’s Bank of China injected a record 560 billion yuan ($83 billion) in the country’s financial system, initially soothing investors but at the same time stoking fears about the slowing of the world’s growth engine......»»
China Injects Gargantuan 1.1 Trillion In Liquidity This Week
Following what Bloomberg calculated was a record net reverse repo liquidity injection on Wednesday, when the PBOC injected a whopping 560 billion yuan of liquidity into the financial system via ope.....»»
US Marine Corps urgently modernizes its counter-drone capabilities to keep pace with Russia and China
The Marines are urgently seeking to field upgraded air defense systems and acquire their own drones to compete with adversaries like Russia and China. US Marines search for nearby unmanned aerial system threats using a Light-Marine Air Defen.....»»
China Launches Historic Lunar Mission To Collect Samples From Far Side Of The Moon
The Chang'e-6 mission's objective is to collect and return lunar samples, positioning China as the first nation to attempt such an endeavor. read more.....»»
China launches historic mission to retrieve samples from far side of the moon
China launches historic mission to retrieve samples from far side of the moon.....»»
Relentless Chinese Bond Rally Hints at Yuan Challenge Ahead
Relentless Chinese Bond Rally Hints at Yuan Challenge Ahead By Charlie Zhu and Helen Sun, Bloomberg Markets Live reporters and strategists Three things we learned last week: 1. China’s bond rally se.....»»
Yuan Devaluation Fever Heats Up As China Stockpiles Metals
Yuan Devaluation Fever Heats Up As China Stockpiles Metals Authored by Simon White, Bloomberg macro strategist, Gold trading in China has exploded and stocks of copper have risen sharply prompting spec.....»»
People in China are so spooked about the economy that even the weak yuan isn"t stopping them from buying more gold
China's central bank has been on a buying spree for 17 straight months as it diversifies its h.....»»