Yuan drags Asian currencies as China’s spending plans disappoint
CHINA’S onshore yuan had its worst day in more than a year after a week-long break, fuelling a broader weakening ...
Tag: yuan
Nio China unit to get 13.3 billion yuan from parent, investors
CHINESE electric vehicle (EV) maker Nio Inc plans to pump in 13.3 billion yuan (S$2.4 billion) into its China unit ...
LG Display to sell stake in its Chinese LCD plant to TCL CSOT for 10.8 billion yuan
SOUTH Korea’s LG Display said on Thursday (Sep 26) it had agreed to sell its stake in its large liquid ...
China weighs injecting 1 trillion yuan of capital into top banks
CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase ...
China’s big-bang stimulus boosts yuan; Aussie up after RBA
CHINA’S yuan hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted ...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion ...
China yuan closes at near 16-month high on rising stimulus hope
CHINA’S yuan recovered all intraday losses on Thursday (Sep 19) to close near a 16-month high against the US dollar, ...
China merges two brokerages to create 1.6 trillion yuan giant
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the ...
China merges two brokerages to create 1.6 trillion yuan giant
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the ...
Yuan hits strongest in more than a year as flows offset fundamentals
THE Chinese currency extended a recent advance to levels unseen in more than a year, as traders mulled signs of ...