The author is Craig Chan, head of Asia forex strategy at Nomura Securities The People‟s Bank of China (PBoC) posted a statement on its website that summarized the decisions from a conference on the development of cross-border RMB business. The conference was held from February 17th to 18th and attended by PBoC deputy governor Hu […]

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The Shanghai branch of the People’s Bank of China (PBoC) issued a document about RMB cross-border uses in Shanghai's free trade zone on February 20th, providing some guidance for banks to conduct cross-border RMB businesses in the special trade zone. "Overall, (it) resembles the opinion document issued by the PBoC headquarters in December," writes Liu […]

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Shenzhen-based Android flash tool VROOT has received tens of millions U.S. dollars from Tencent, according to the announcement on the company's official Weibo account. VROOT, which belongs to Shenzhen Xinyi Network, previously received RMB6 million series A funding from Tencent in 2012. Tencent acquired another flash tool in April 2012. Lately, Tencent has announced a […]

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Beijing-based online study platform 17zuoye.com is said to complete $20 million series C round financing from Tiger Management and DST, according to Chinese media reports. The investment values 17zuoye at $100 million. The company previously received angel funding from Chinese entrepreneurs and angel investors Wang Qiang and Xu Xiaoping in 2011, and $5 million series […]

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A tentative settlement in Ukraine has been reached, following mediation by EU foreign ministers, with a promise of early elections. But such settlements have been proposed before, and, given the surge in state violence, no agreement is likely to gain b…

Not long ago, China was a soft-power juggernaut, seemingly content to allow its own example of success to speak for itself. Today, China, like many large countries, is allowing its internal political battles to shape how it interacts with others, espec…

Beijing says meeting between US president and Tibetan spiritual leader at the White House on Friday would ‘severely impair’ China-US relations

The author is Gareth Leather, Asia Economist at U.K. research firm Capital Economics Concerns are mounting that higher interest rates in the U.S. could cause Hong Kong’s economy to slow sharply. With growth picking up and with little slack in the labor market, tighter monetary policy could actually help to ease overheating fears. The big […]

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The author is ANZ greater China chief economist Liu Li-Gang The U.K. and Chinese governments are in active discussions about setting up a RMB clearing bank in London, says the British Chancellor of the Exchequer George Osborne at a breakfast meeting held in Hong Kong. We think that having a clearing bank for yuan in […]

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