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Russia to resume foreign exchange purchases to boost currency reserves

Russia is expected to resume buying foreign currency for its reserves as early as this month or later this year. The country halted foreign exchange purchases in late January 2022 and further [.] ....

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Dollar fast losing its sheen, and charm

Argentina announced on April 26 that it would stop using the US dollar, and instead use the yuan, to settle payments for imports from China. Russia, Brazil, France and some ASEAN member states have already decided to use the yuan and their respective currencies to settle trade with China. Also, the yuan's share in China's cross-border payments increased to 48 percent in March compared to the dollar's 47 percent. ....

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DE-DOLLARIZATION: China now uses the yuan for cross-border transactions more than it uses the US dollar

The Chinese yuan has overtaken the United States dollar to become China's most-used currency for cross-border transactions. This is according to the latest data from the State Administration [.] ....

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ChiNext-listed companies report improved revenue in 2022

Enterprises listed on China's NASDAQ-style board ChiNext saw improved performance in 2022, data shows. ....

Shenzhen Stock Exchange , Shenzhen Stock ,

BEIJING More Chinese civil servants have begun to be paid entirely in digital yuan, joining some of the country's bank employees as a new phase beg ....