A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — The renminbi (RMB) has been used more frequently in cross-border trade in the first eight months of this year amid the growing presence of the Chinese currency in the global market, a central bank report showed. The … Continue reading Cross-border RMB use up over 20% in first eight months of 2024: report
Category: Finance
Hong Kong stock trading frenzy calms
Pedestrians pass an electronic board showing Hong Kong’s Hang Seng Index in Tsim Sha Tsui on Wednesday. The index has soared in the past six days to reach a 20-month high.[ANDY CHONG/CHINA DAILY] Analysts voiced cautious optimism on the Hong Kong stock market after its stellar rally cooled off on Thursday, saying investors are anxiously … Continue reading Hong Kong stock trading frenzy calms
Top Features to Look for in a Stock Screener: Comparing Share Screener Tools Ava
This is where a stock screener India can be a valuable tool in streamlining your search and focusing on companies that align with your investment goals. Join us in this piece as we take a look into the features that you cannot compromise on while choosing a stock screener. What is the share screener, and how does it … Continue reading Top Features to Look for in a Stock Screener: Comparing Share Screener Tools Ava
Silver lining showing for A-share market
MA XUEJING/CHINA DAILY With active transactions, upbeat market sentiment, cyclically stronger consumption, and more often than not, economic stimulus packages, the well-known expression “Gold September and Silver October” has often been used to describe the vibrant Chinese property and capital markets in early autumn each year. The rule seems to be working this time, at … Continue reading Silver lining showing for A-share market
China’s public offering fund value tops 30.9t yuan in August
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The net value of assets under the management of China’s public offering funds topped 30.9 trillion yuan ($4.41 trillion) at the end of August, according to data from the Asset Management Association of China. By the end … Continue reading China’s public offering fund value tops 30.9t yuan in August
Hong Kong stocks rally to nearly 2-year high on stimulus tailwind
Pedestrians pass an electronic board showing Hong Kong’s Hang Seng Index in Tsim Sha Tsui on Wednesday. The index has soared in the past six days to reach a 20-month high.[ANDY CHONG/CHINA DAILY] Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing’s sweeping stimulus package could reboot the world’s … Continue reading Hong Kong stocks rally to nearly 2-year high on stimulus tailwind
China’s external financial assets exceed $9.79t
A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China’s Anhui province. [Photo/IC] BEIJING – China’s external financial assets topped $9.79 trillion at the end of June, official data showed on Monday. The external financial liabilities stood at over $6.8 … Continue reading China’s external financial assets exceed $9.79t
China announces pilot to further optimize payment services for foreign travelers
International travelers visit the new round-the-clock one-stop service station launched at Terminal 2 of Pudong International Airport on June 29, 2024. [Photo by Li Junfeng / chinadaily.com.cn] BEIJING – Chinese authorities on Monday announced further measures that will help ease payment services for travelers who arrive in the country from overseas. According to a circular … Continue reading China announces pilot to further optimize payment services for foreign travelers
China’s stock market embraces surge ahead of National Day holiday
BEIJING — The recent rally in China’s stock markets, fueled by a series of stimulus measures, has significantly ignited investors’ enthusiasm and bolstered market confidence in the country’s economic recovery. The benchmark Shanghai Composite Index surged 8.03 percent to close at 3,335.44 points on Monday, while the Shenzhen Component Index soared 10.68 percent to reach … Continue reading China’s stock market embraces surge ahead of National Day holiday
Robust stock gains boost expectation of more moves
A pedestrian touches the Bund Bull in Shanghai. BLOOMBERG/GETTY IMAGES As Chinese bourses record historic daily gains, with the Shanghai Composite Index up more than 8 percent and moving above the 3,300-point level, policymakers in China will likely take bolder moves than expected to bolster the world’s second-largest economy in the following months, analysts said … Continue reading Robust stock gains boost expectation of more moves