USD-CNY Overtakes Hong Kong Dollar Trading in Historic Shift
The US dollar-yuan pair captured 30% of the city's foreign exchange market in April as Beijing accelerates offshore renminbi hub strategy
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The US dollar-yuan pair captured 30% of the city's foreign exchange market in April as Beijing accelerates offshore renminbi hub strategy

Guotai Haitong Financial Holdings offers 44% premium to take the listed securities firm private and consolidate China's brokerage landscape

From Shenzhen's mathematical boot camps to Wall Street's trading floors, a cohort trained in China's pressure-cooker environment is reshaping how capital moves across borders.

Beijing prioritizes independent settlement systems and deeper domestic markets as hedge against US financial dominance

The appointment makes it the first Chinese bank authorized to act as a specialist intermediary for Singapore government securities and MAS-issued debt instruments.

State-backed think tank downgrades the country's ranking despite Beijing's ambitions to become a global financial superpower