Alibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly...

American business leaders are heading to China for a summit with President Xi Jinping. They aim to resolve ongoing business challenges and ...

A Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...

Thomas Cook India has increased its prepaid Forex Card offerings to 28 global currencies. This expansion caters to growing travel demand to...

West Asia War: United States sanctions on China's Hengli Petrochemical create new worries in West Asia. The move targets a major Chinese re...

The yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. ...

Alibaba Group, the Chinese e-commerce giant, is looking to raise $5 billion through a multi-tranche bond offering. The offering will includ...

Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and a...

China's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...

The adoption means that Pakistan and China would be able to replace the US dollar for transactions in CPEC projects.

For Chinese policymakers, the alternative is unthinkable. They’d have to allow the yuan to weaken significantly and probably abandon its un...

It will enhance efficiency and increase global use of the Chinese currency, said Fan Yifei, vice president of the central bank, the People'...

China will drop from Jan 1 the requirement that a foreign bank's parent transfer a specific level of operating funds to any new Chinese bra...

Plans to adopt a convertible yuan in Shanghai’s new free-trade zone are posing the biggest challenge yet to Hong Kong’s role.

China is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...

But at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.

Bankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.