Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says Hong Kong can become a multicurrency bond hub and Beijing's recently announced measures to expand the Bond Connect scheme will further enhance the city's role as a prime destination for debt issuance,
New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.
Asian equities were mixed overnight as Hong Kong, Mainland China, Thailand, and South Korea all underperformed while Taiwan was closed.
The onshore bonds issued by the Ministry of Finance and the policy banks on the mainland under the same programme will also be used as margin collateral for derivatives transactio
The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) will offer a 100 billion yuan (US$13.6 billion) liquidity facility for banks to help their customers obtain yuan funding for one, three and six months to support trade.
China is set to slash pay for staff at its top three financial regulators, including the central bank, by about half, as part of a regulatory revamp unveiled in 2023 to bring their salaries in line with other civil servants,
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties.
China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve capital flows by allowing companies to borrow more overseas.
Yields in the nation’s benchmark 10-year bonds have plunged over 30 basis points to around 1.65% since the beginning of December.
The latest round of measures comes as Chinese stocks start the year on a soft note, with investors reluctant to add exposure amid lingering economic woes at home and potential U.S. tariffs from President Trump's administration. Sharply higher tariffs on China's export sector would threaten the economy's sole bright spot over the past year.
Asia-Pacific markets trade mixed on Thursday as investors continued to weigh U.S. President Donald Trump's recent trade policy announcement. Investors also responded to China's latest move to reverse its sluggish stock market by prompting insurance funds to raise the size and proportion of their investments in Chinese A-shares,