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Saudis join intl digital currency project
China Daily· 4 hours agoSaudi Arabia has joined Project mBridge — a cross-border platform for experimenting with central bank digital currencies for international trade — as a full participant, which experts said will ...
Panda bonds gaining popularity, helping make RMB international
China Daily· 3 days agoFollowing their record high issuance last year, the popularity of panda bonds, or renminbi-dominated...
Exclusive: Qatar sovereign fund agrees to buy 10% stake in China asset manager, sources say
Reuters· 6 days agoQatar's sovereign wealth fund has agreed to buy a 10% stake in China's second-largest mutual fund...
Chinese who lost money in bank fraud detained for months after protest
Colorado Springs Gazette· 5 days agoWhen Ou Yangyun travelled to the Chinese city of Zhengzhou in February to demand recompense after...
China moves to improve social credit system
China Daily· 5 days agoChina's National Development and Reform Commission on Tuesday unveiled a plan to further develop the country's social credit system. According to the plan, the country will accelerate legislation ...
China's commercial banks see stable credit asset quality
China Daily· 7 days agoChina's commercial banks saw their non-performing loan ratio standing at 1.59 percent at the end of the first quarter, basically in line with the figure reported at the end of last year, official data showed.
Sinopec unit agrees $1.1 bln deal to build gas pipelines for Saudi Aramco
Reuters· 4 days agoA Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to...
Bloomberg BFIX Introduces First Value T+1 FX Fixing Rates - Traders Magazine
Traders Magazine· 6 days agoBanks can use BFIX T+1 benchmarks to match or ‘net’ orders to reduce credit impact at scale.
BOC Serbia starts RMB clearing business
China Daily· 6 days agoThe Bank of China (BOC) Serbia, the authorized clearing bank for renminbi (RMB) business in Serbia, conducted its first cross-border RMB remittance business on Monday.
De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback...
Business Insider via Yahoo Finance· 5 days ago"The goal is to minimise the negative consequences of the West's comprehensive sanctions against...
