For retail investors, global play is the new normal By Zhou Lanxu | China Daily | Updated: 2021-07-12 09:27 Share [Photo/Sipa]
In the wee hours one day recently in Shenzhen, Guangdong province, Li Guang, 33, shut down his PC finally and prepared to go to bed. But his mind continued to churn data on the trade he had just executed. He added shares of Weibo, a Nasdaq-listed Chinese social network company, to his investment portfolio, a task that required Li to stay awake to play the US market operating in a different time zone.
Li is getting used to life as a night owl, a first step toward becoming a successful part-time retail investor based in China with focus on US stocks. But altering the body s natural biorhythms may be the easy part of the deal－Li has to contend with gaps in knowledge and language.
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For retail investors, global play is the new normal-Eastday
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Trade deals in RMB coast on better ecosystem By Jiang Xueqing | China Daily | Updated: 2021-06-23 08:25 Share CLOSE A worker counts Chinese currency renminbi at a bank in Linyi, East China s Shandong province. [Photo/Xinhua]
Cross-border trade settlements in renminbi have grown noticeably since the beginning of this year, thanks to the improvement of the ecosystem promoting the use of the Chinese currency overseas, a banker said.
In the first quarter of this year, the Standard Chartered Renminbi Globalisation Index (RGI), a measure of international renminbi usage that is computed on a monthly basis, rose 13 percent from the previous quarter, recording the biggest quarterly rise in five-and-a-half years. The increase followed a 10.4 percent growth in RGI for the full year 2020.