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China's Yuan Hits New Record High Against The Dollar

China's Yuan Joins Elite Club Of International Monetary Fund Reserve Currencies

China said that they will use this opportunity to further deepen economic reforms and open up the sector to promote global growth.

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G20 Finance Ministers and Central Bank Governors Meet In Shanghai

China to lower cap on foreign investments in 2016

The world's second largest economy will lower threshold for foreign investments in 2016. The Commerce Ministry of China has confirmed that the government is in the process of lowering the limit on foreign investment for 2016 year. China recorded 6.4 percent growth in foreign direct investment during 2015.

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G20 Finance Ministers and Central Bank Governors Meet In Shanghai

China to lower cap on foreign investments in 2016

The world's second largest economy will lower threshold for foreign investments in 2016. The Commerce Ministry of China has confirmed that the government is in the process of lowering the limit on foreign investment for 2016 year. China recorded 6.4 percent growth in foreign direct investment during 2015.

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Yen Halts Three-Week Advance as Traders Wait for G-20 Action

Dollar Rate Increases Following Positive Outlook in US Economy After Faltering Against Yen

G-20 summit has been concluded with no major surprising outcome. Lack of strong commitments has helped Yen to gain some value against US dollar. However, on Monday, US dollar has regained some value. The appreciation has been analyzed as an outcome of positive US data which in turn is the consequence of Fed rate hiking.

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The First G20 Finance Ministers And Central Bank Governors Meeting Opens In Shanghai

PBOC Governor: China's Economy Is In Good Shape

PBOC governor Zhou Xiaochuan is confident to say that China's economy is healthy along with the assurance that yuan will not be devalued again and that the country has enough monetary tools to support the economy.

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Hong Kong Disneyland Park

Hong Kong Disneyland Reported $19.1 Million Loss As Fewer Chinese Tourists Visit the Theme Park

Hong Kong Disneyland reported its first loss since 2012. Fewer tourists had come to visit the resort and theme park, with the biggest decline from Chinese tourists. China’s economic slowdown, along with political instability and the emergence of Shanghai Disneyland is believed to have affected the Chinese tourists.

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Ivy League Diversity

Venture Firm Qiming Received $648 Million in Venture Capital Fund

One of China’s biggest venture capital firm, Qiming, secured its fifth US dollar venture capital fund in total of $648 million. The fund will help expand the firm’s investments in Chinese top startups in various sectors such as internet, consumer, technology, healthcare, as well as cleantech.

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CHINA-ECONOMY-FOREX

China's foreign exchange stocks decline to trillions

China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.

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China Scraps Yuan Peg To US dollar

China's central bank reveals plan to launch digita currency

The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.

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South Korean Economy Boosted As Won Jumps To New High

South Korean Won retreats from 5-year low

South Korean currency Won has been volatile as it hit five-year low and recovered marginally. Won was tracking to Chinese currency Yuan as the dragon country is the major foreign market for South Korea. China's GDP rose 6.8 percent during fourth quarter marginally lower than the forecast of 6.9 percent. This disappointed the market.

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Dow Tumbles Over 200 Pts In Intraday Trading On Global Economic Growth Reports

China is Expected to Post its Worst Annual Economic Growth in 25 Years

China is set to report its weakest full-year growth figure in 25 years. The official GDP data will be published by China’s National Bereau of Statistics on Tuesday.

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Yuan notes

China's capital outflows tripling in November

The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.

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China

China cloaks weakest growth since 2009

The world's second largest economy witnessed its lowest growth rate in the last two decades. China's gross domestic product (GDP) growth rate dipped below seven percent during the third quarter for the first time after the financial crisis. A record of 6.9 percent, below the Chinese government's target of seven percent and slightly better than the forecasted 6.8 percent. This is translating into more pressure on the Chinese government to lower interest rates and some measures to strengthen the growth rate.

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Trader

South Korea's bonds volatile amid uncertainty over rates

Korean bond market has been volatile dancing to the tunes of varied hopes on interest rate changes. South Korea's sovereign bonds shed early gains as forecasts that Bank of Korea (BoK) may not reduce the interest rate from the record low of 1.5 percent.

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Yuan note

IFC sees Panda bond market exceeding $50B by 2020

The Panda bond market in China is expected to surpass $50-billion mark in next five years. International Finance Corporation (IFC) is planning to sell bonds in Yuan-denominated from this year onwards.

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