Hong Kong to test linking China’s digital yuan with domestic payments
Reuters, 08 June 2021
Hong Kong is to test connecting China’s digital yuan with its domestic payments network, officials said on Tuesday, the second stage of trials of China’s digital currency in the financial hub.
China’s e-CNY is one of the most advanced central bank digital currency (CBDC) projects among major economies. Chinese officials say the project will be initially domestically focused, but cross-border trials are also under way in Hong Kong. Continue reading “Article: Hong Kong to test linking China’s digital yuan with domestic payments”
Iron ore price sinks as China vows to punish market manipulation
MINING.COM Staff Writer , 14 May 2021
Iron ore’s slump from a record accelerated as China ramps up efforts to control prices.
Benchmark iron ore futures on the Dalian Commodity Exchange, for September delivery, dived 7.5% to 1,173 yuan ($182.22) a tonne. The contract fell 4.4% this week. Spot prices of iron ore with 62% iron content for delivery to China, compiled by SteelHome consultancy, had declined $12 to $220.5 a tonne on Thursday.. Continue reading “Article: Iron ore price sinks as China vows to punish market manipulation”