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Apple Pay is coming to China in early 2016

Apple Pay is headed to China early next year.

The Wall Street Journal reports that Apple reached a deal with the four major Chinese banks and is planning on launching Apple Pay support by February 2016. 241 more words

China, Japan Shed U.S. Treasury Holdings

Japan cuts holdings in October to lowest level in nearly two years; China reduces level to seven-month low


China’s central bank has been selling U.S. dollar holdings to support its currency in recent months. 514 more words

Yuan Marches On Towards Reserve Currency Status

THE INTERNATIONAL MONETARY Fund’s staff have recommended that the fund includes the yuan in the basket of currencies that comprise its Special Drawing Rights. The IMF’s board is likely to endorse the staff’s view at its November 30 meeting, agreeing that the currency meets the test of being ‘freely available’, a test that it failed in 2010 when the IMF last reviewed its basket. 165 more words


Shenzhen-Hong Kong stock connect launch put on hold: China's central bank in apparent market-moving blunder

China’s central bank revises governor’s speech hours after markets shoot up

By Xie Yu, Jing Yang and Benjamin Robertson
South China Morning Post

Passers-by walk on a footbridge in front of the Shenzhen Stock Exchange. 762 more words

The Central Banks are at it Again!

Central banks were at it again – and markets loved it!


By Arthur Chalekian GEPC


Several weeks ago, European Central Bank (ECB) President Mario Draghi surprised markets when he indicated the ECB’s governing council was considering cutting interest rates and engaging in another round of quantitative easing. 410 more words


Hong Kong Dollar Peg Intervention Swells to Biggest Since 2009

By Fion Li

The Hong Kong Monetary Authority bought the most U.S. dollars in six years this month to keep its currency within the permitted trading band amid stock inflows and signs the city will be forced to raise interest rates. 496 more words

What China’s interest rate cut means after everyone predicted it

This is what two HSBC economists named Julia Wang and Jing Li in Hong Kong wrote last Monday after China announced its lowest GDP growth record, 6.9%, in six years: 646 more words