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Category PBOC

China and South Korea strengthen financial links with $49 billion swap deal

China and South Korea strengthen financial links with $49 billion swap deal

China and South Korea signed a $49 billion (₩70 trillion), five-year currency swap deal.
Hong Kong exchange questions DAT transformation plans of multiple companies

Hong Kong exchange questions DAT transformation plans of multiple companies

Hong Kong Stock Exchange raises concerns over at least five listed firms seeking to transform into digital asset treasury (DAT) entities.
Alibaba-linked Ant Group files AntCoin trademark application in Hong Kong

Alibaba-linked Ant Group files AntCoin trademark application in Hong Kong

Ant Group filed a trademark application for AntCoin in Hong Kong.
Central banks turn their backs on the dollar, embrace gold

Central banks turn their backs on the dollar, embrace gold

Global central banks’ gold reserves surpass US Treasury holdings for the first time in 30 years as bullion tops $4,000 per ounce.
Beijing steps in as PBoC warns against private stablecoin issuance

Beijing steps in as PBoC warns against private stablecoin issuance

Beijing ordered Ant Group and JD.com to pause their Hong Kong stablecoin plans.