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Central banks
News about policymaking in the world’s major central banks with a focus on the People’s Bank of China, the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.
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India
Beyond gold: India sees America’s bitcoin reserve – and eyes its own
While a ‘measured bitcoin strategy’ could boost India’s economic resilience, the country lacks a proper framework for cryptocurrencies, analysts say.
10 Jul 2025 - 7:00PM
Yuan
Why the yuan can be safe-haven currency: former bank official flags ‘advantages’
10 Jul 2025 - 2:00PM
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China digital currency
Opinion
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Amid dollar disappointment, China opens new front with e-CNY push
9 Jul 2025 - 5:25PM
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Singapore
Opening a bank account in Singapore is about to get faster – if you’re rich
A minister said most family offices will be able to get tax incentives within three months as Singapore boosts its wealth hub status.
9 Jul 2025 - 5:54PM
Banking & finance
China expands Bond Connect as more players join banks in offshore market
No changes to current limits of 20 billion yuan (US$2.8 billion) per day, or up to 500 billion yuan per year.
8 Jul 2025 - 5:57PM
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Hong Kong property
SHKP Tuen Mun project sells out, signalling rebound in property market
Units varied in size from 259 to 686 sq ft, including studio to three-bedroom layouts, with bigger units priced up to HK$7.8 million.
5 Jul 2025 - 5:57PM
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Banking & finance
Economist Huang Yiping floats Hong Kong as stablecoin staging ground
A digital currency pegged to the offshore yuan would be more workable in Hong Kong than mainland China, the central bank adviser says.
3 Jul 2025 - 5:00PM
Banking & finance
Explainer
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The world is going all in on stablecoins. Is China’s digital yuan any different?
While the two appear similar, China’s digital currency is quite different from the cryptocurrencies many economies are rushing to regulate.
3 Jul 2025 - 10:03AM
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South Korea
South Korea’s Lee nominates finance minister to tackle growth, Trump
A former second vice finance minister, Koo Yun-cheol comes as Lee forms a team to counter rising headwinds following months of political turmoil.
29 Jun 2025 - 6:33PM
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Hong Kong economy
Editorial
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Payment Connect can boost Hong Kong as a hub for international finance
Programme is the latest step in more than a decade of work to open mainland China’s vast financial sector to the rest of the world.
29 Jun 2025 - 8:45AM
European Central Bank
Macroscope
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Central banks rush to gold as fears of US dollar crisis mount
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion.
28 Jun 2025 - 4:30PM
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Russia
Russian central bank to increase forex sales to US$113.5 million a day
Unable to trade in dollars or euros due to Western sanctions, the central bank now relies solely on China’s yuan for interventions.
27 Jun 2025 - 2:49PM
Banking & finance
Shanghai Gold Exchange launches first offshore vault in Hong Kong
Vault witnesses several transactions of spot gold contracts after it becomes operational.
26 Jun 2025 - 10:07PM
Interest rates
Hong Kong steps into the currency market to defend local dollar’s peg
The city’s de facto central bank sold US$1.2 billion worth of US dollars to buy Hong Kong dollars at HK$7.85 per dollar.
26 Jun 2025 - 5:48PM
Banking & finance
Opinion
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We’re sleeping on threats from AI, shadow banking and cryptocurrency
The financial industry’s use of emerging technologies could lead to cascading crises if regulators don’t act fast to enforce transparency.
26 Jun 2025 - 6:03AM
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Banking & finance
Are stablecoins the future? Don’t bank on it, warns the bank for central banks
Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints a future picture of a different financial system.
24 Jun 2025 - 7:00PM
Yuan
China’s yuan set to benefit as central banks report doubts about US dollar
Survey of central banks shows concern over long-term viability of US dollar, but not enough for the yuan or other currencies to supplant it.
24 Jun 2025 - 8:01PM
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Currencies
Trade war worries push Asian central banks to curb currency intervention
India, Malaysia, Taiwan and South Korea are all easing their grip on currencies as the US dollar tumbles – to avoid a Trumpian backlash?
24 Jun 2025 - 9:41AM
Yuan
China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.
23 Jun 2025 - 5:00PM
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Banking & finance
Hongkongers, mainland residents embrace Payment Connect service on first day
New service operates smoothly as thousands take advantage of link between Hong Kong’s FPS and the mainland’s IBPS.
22 Jun 2025 - 8:17PM
Banking & finance
Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows
‘Milestone’ programme links mainland China’s Internet Banking Payment System with Hong Kong’s Faster Payment System, simplifying cross-border payments.
20 Jun 2025 - 4:30PM
Stablecoins
Why US-backed stablecoins have China wary of a potentially more dominant dollar
Former head of China’s central bank warns ‘USD-backed stablecoins could have worldwide influence’, and what about the yuan’s internationalisation?
19 Jun 2025 - 6:30PM
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Banking & finance
Hong Kong to assess risks before launching yuan-pegged stablecoins
‘We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.
19 Jun 2025 - 12:00PM
Interest rates
HKMA warns carry trades, weak currency to lift borrowing costs in Hong Kong
Caution follows its decision to keep the city’s base rate unchanged in lockstep with the Fed’s overnight move amid inflation threats.
19 Jun 2025 - 6:03PM
Donald Trump
Trump muses about appointing himself to lead US Fed in new attack on Powell
The US president’s remarks came just before the central bank revealed its decision to hold interest rates steady for a fourth consecutive time.
19 Jun 2025 - 12:39PM
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Banking & finance
Hong Kong can power yuan’s international ascent: HSBC co-CEO
City should scale up yuan-denominated trade finance and participation in stock and bond markets, David Liao says.
13 Jun 2025 - 6:30PM
Yuan
China’s yuan fixing rate hits 2-month high as US dollar drops
With the US dollar sagging, China’s central bank has strengthened the midpoint rate for the country’s currency in recent days.
13 Jun 2025 - 5:32PM
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Commodities
Crypto can’t chip away at gold’s safe-haven shield: gold researcher
Spot gold price surged to US$3,444 after Israel’s strikes on Iran.
13 Jun 2025 - 2:26PM
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