Britain backs eventual yuan inclusion in IMF's SDR basket

WASHINGTON - Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system.

Alibaba steps up China online finance network push with new index, bank

BEIJING/SHANGHAI - Alibaba Group Holding Ltd and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank.

09 Apr 2015

Shanghai-Hong Kong stock connect sees record turnover

SHANGHAI/HONG KONG - Chinese investors, for the first time, used the entire 10.5 billion yuan ($1.7 billion) daily quota in a cross-border program buying Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a record.

08 Apr 2015

Call made in China for national housing bank to prop up property

BEIJING - China should establish a national housing bank to optimize use of the country's housing provident funds, which have over 3.7 trillion yuan ($597.45 billion) at their disposal, according to an article written by an official with Ministry of Housing and Urban, Rural Construction.

06 Apr 2015

China knocking on door of IMF's major league, U.S. wavers

BRUSSELS - China is closer to joining the major league of reserve currencies with a deal possible later this year to include the yuan in the International Monetary Fund's unit of account, international finance officials say.

China, IMF 02 Apr 2015

Hainan Airlines to buy 30 Boeing 787-9 jets, worth $7.7 billion by list price

- Hainan Airlines Co Ltd , China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.

Yuan level appropriate, reflects fx supply, demand: China central bank

BEIJING - The current level of China's yuan <CNY=CFXS> is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.

21 Mar 2015

Fed rate hike view hurts Asia FX sentiment; yuan exception: Reuters poll

SINGAPORE - Bearish bets on most emerging Asian currencies increased in the last two weeks, with short positions in the Singapore dollar at a six-year high, as the Federal Reserve moved closer to raising interest rates, a Reuters poll showed on Thursday.

19 Mar 2015

Exclusive: China's international payments system ready, could launch by end-2015 - sources

HONG KONG/BEIJING - China's long-awaited international payment system to process cross-border yuan transactions is ready, and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.

09 Mar 2015

GSK sacks 110 China staff in wake of drug bribery case: sources

LONDON - Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.

06 Mar 2015

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document