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Turkish house sales rise 38.8% in April; Russians top foreign buyers

Turkish house sales rose 38.8% in April on the year to 133,058 houses, data from the Turkish Statistical Institute showed on Tuesday, with more than double the houses sold to Russians compared to a month ago as they sought a financial haven.

StanChart commits $300 mn after launching GBA center

Standard Chartered Bank, a leading international banking group, has committed to a $300 million investment over the next three years into its China-related businesses, according to a senior executive of the company.

PBOC to issue Renminbi Bills through Central Moneymarkets Unit of HKMA

The People's Bank of China (PBOC) will issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA).

Chinese yuan strengthens to 6.7854 against USD Tuesday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 17 pips to 6.7854 against the U.S. dollar Tuesday (May 17), according to the China Foreign Exchange Trade System.

U.S. stocks end mixed as market volatility continues

U.S. stocks finished mixed on Monday (May 16) as market volatility continued on Wall Street.

China's retail sales down 0.2% in January-April

China's retail sales of consumer goods went down 0.2 percent year on year in the first four months of this year, the National Bureau of Statistics (NBS) said Monday.

Weight of yuan raised as global currency

The International Monetary Fund's decision to raise the renminbi's weight in a key global reserve asset marked the steady progress of the renminbi's internationalization, reflecting the currency's growing global heft and the achievement of China's financial opening-up, industry experts said on Sunday (May 15).

Listed entities in China see highest profits in 11 years

As of April 30, a total of 4,804 listed firms had released their annual financial reports for 2021. The financial reports showed that their total business revenue reached 66.3 trillion yuan and their net profits totaled 5.1 trillion yuan, a year-on-year increase of 19.3 percent and 19.8 percent, respectively.

Paul Chan: HK's jobless rate will rise further

He said with the epidemic situation coming under control and the government easing social distancing measures in phases, and he believes the jobless rate would gradually improve as long as the virus situation remains stable.

Chinese embrace digital yuan as China further promotes program

In the Canton Tower, located in Haizhu District, a landmark of the southern Chinese metropolis of Guangzhou, Zhang Ling, a shopper from southwest China's Sichuan province, bought a souvenir. Unlike her usual transactions, she chose to pay in digital yuan, China's digital fiat currency, or the e-CNY.

London ETO promotes HK as a global financial hub in London

​The Hong Kong Economic and Trade Office, London, partnered with the Asia House, an independent think tank based in the United Kingdom (UK), on May 12 (London time) to hold a seminar for leaders in UK’s financial services sector. The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, was the keynote speaker.

With more opening-up measures in pipeline, China set to remain appealing to overseas investors

Despite multiple unexpected factors rattling global financial market, China has renewed its commitments to further opening its capital market, with pragmatic measures in the pipeline to lure more investors to one of the world's fastest-growing economies.

RCEP to help upgrade, boost economic growth

China is expected to better unleash the potential of the Regional Comprehensive Economic Partnership agreement to upgrade its manufacturing sector as well as support exports, according to experts and business leaders.

Opinion | History shows trade wars serve no significant purpose

The United States has a tradition of imposing trade tariffs to address bilateral trade imbalance: Washington did that to Japan; and has been doing it to China since former US President Donald Trump assumed power.

85% of HK youth under GBA program working on mainland

All the Hong Kong young people employed under the Greater Bay Area Youth Employment Scheme have started work in the Guangdong-Hong Kong-Macao Greater Bay Area, with about 85 percent of the program participants based on the Chinese mainland, Secretary for Labour and Welfare Law Chi-kwong said.
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