yuan

  1. China Banks Brace for June Cash Squeeze as Fund Costs Jump

    China Banks Brace for June Cash Squeeze as Fund Costs Jump
    China’s deleveraging dilemma -- how to squeeze excess liquidity out of the financial system without spurring a full-blown cash crunch -- is facing its toughest test. June is traditionally a tight time for banks because of regulatory checks, and this year, lenders are grappling with an official campaign to reduce the level of borrowing as well. Wholesale funding costs and money-market...
  2. No single currency should dominate the world: Mahathir

    No single currency should dominate the world: Mahathir
    Former Malaysian prime minister suggests gold-linked currency for Asia. TOKYO -- Former Malaysian Prime Minister Mahathir Mohamad, who dealt with the 1997 Asian financial crisis during his time as the country's leader, said at a forum in Tokyo on Tuesday that no single currency should be dominant, including the Chinese yuan. Since the crisis in Southeast Asia two decades ago...
  3. Tycoons from China Plant Money Management Flags on Wall Street

    Tycoons from China Plant Money Management Flags on Wall Street
    When a new hedge fund opened in Mountainside, New Jersey, a leafy suburb that still holds an annual little-league parade, few would have guessed where much of its funding came from: Chinese billionaire Cai Kui. The credit hedge fund, Westfield Investment, was founded by former Goldman Sachs Group Inc. Managing Director Renyuan Gao and managed $139 million as of January. It’s part of...

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