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Posted on June 27, 2022

China is building a yuan currency reserve to compete with the dollar and prop up other economies facing volatility

China is teaming up with Indonesia, Malaysia, Hong Kong, Singapore, and Chile. Each will contribute the about $2.2 billion worth of yuan.

( read original story …)



Posted on June 27, 2022

Hong Kong’s top finance executives bank on city to thrive as gateway to China

In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system.

( read original story …)



Posted on June 26, 2022

Israel and Hong Kong to Test New Digital Currency

CBDC and half are actively developing a digital version of their fiat money. In our current financial climate, there is growing discussion of a new payment technology that could become the go-to …

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Posted on June 26, 2022

Isolating China Won’t Help Hong Kong and Uyghurs, Says Dutch Leader

Dutch Prime Minister Mark Rutte said he opposes reconsidering trade relations with China over its policies toward Hong Kong and its Uyghur minority.

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Posted on June 25, 2022

China tries enticing foreign business back to oppressed Hong Kong: Report

China is searching for new ways to entice foreign investment in Hong Kong as the city’s economy has struggled in years amid sweeping new security laws and …

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Posted on June 25, 2022

Xi Jinping to make first trip outside mainland China for Hong Kong ceremony

Xi Jinping will make his first trip outside of the Chinese mainland since the start of the pandemic more than two years ago to attend the swearing-in ceremony of Hong Kong chief e …

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Posted on June 25, 2022

China’s Xi to visit Hong Kong for handover anniversary

Chinese leader Xi Jinping will visit Hong Kong this week to celebrate the 25th anniversary of the former British colony’s 1997 return to China …

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Posted on June 24, 2022

China Asks Foreign Business Leaders How to Revive Hong Kong in Rare Move

(Bloomberg) — China asked foreign business chambers in Hong Kong how to revive the isolated financial hub’s economy in unprecedented listening sessions weeks before new leader John Lee takes office, …

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Posted on June 21, 2022

China stocks end mixed amid recovery cheer; more data in focus

SHANGHAI: Chinese stocks closed lower amid range-bound trading on Tuesday, while Hong Kong shares rose for a third straight session, as China recovers from the impact of COVID-19 outbreaks, although …

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Posted on June 21, 2022

NetEase delays ‘Diablo Immortal’ release in China

News of the delayed China launch shook investors. NetEase stock tanked 7.8% in New York and 6.7% in Hong Kong on Monday immediately following the announcement, before rebounding t …

( read original story …)



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