Asia Pacific

The London Metal Exchange has invested over £1 million (HK$9.58 million) in technology to upgrade its famous open outcry trading floor, as a growing number of Chinese members boosts the bourse’s future prospects.

The yuan continued to sink November 21, falling to its lowest level since June 2008, after China’s central bank cut the reference rate for the 12th consecutive trading day. Offshore yuan traded in Hong Kong weakened 0.

The Chinese central bank will ensure the yuan falls no more than 5 per cent next year, according to Li Daokui, a professor of economics at Tsinghua University and a former central bank adviser.

Some of the world’s leading technology professionals have gathered for the third World Internet Conference, being held in Wuzhen, Zhejiang province, and top of everyone’s agenda is the booming growth of artificial intelligence (AI), as it continues t

Land put up for auction in Beijing’s northwestern Haidian district failed to find a buyer on Wednesday after bidding hit a price ceiling set by the municipal government as it expands efforts to cool the sizzling property market.

The People’s Bank of China (PBOC) is stepping up its research on a “sovereign digital currency” as it joins other central banks and financial institutions in exploring future forms of money.

Virginia Huang has amassed nearly 20 years of top-level commercial real estate industry knowledge, and is the longest serving member of the CBRE team in Beijing.

On the surface, China has reason to be pleased with Donald Trump’s election as US president, based on the billionaire’s campaign rhetoric.

Government efforts to curb coal production capacity in China have backfired, according to analysts, driving up prices, encouraging production and increasing the risk of mining accidents in the rush to produce more of the fuel.

The yuan continued to weaken on Tuesday, sliding to an eight-year low after China’s central bank lowered the reference rate for the eighth consecutive trading day.