Hong Kong SAR Retains 4th Spot in Global FX; Offshore Renminbi Trading Surges
BIS survey shows Hong Kong SAR remains the worldâs fourthâlargest FX hub, with daily FX turnover up 27.2% to $883.1B and offshore Renminbi trading up 64.8%.
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Hong Kong SAR Marks 76th National Day with Flag-Raising and Gala Reception
Hong Kong SAR celebrated the 76th National Day with a flag-raising ceremony and a gala reception, underscoring its global ratings ascent and vibrant future under One Country, Two Systems.
UN Kicks Off First Summit for a Sustainable Global Economy
The first UN Summit for a Sustainable, Inclusive and Resilient Global Economy kicks off in New York, spotlighting SDG financing and calls for financial reforms.
UN Chief Proposes 15% Budget Slash for 2026 Amid Funding Crunch
UN Secretary-General Antonio Guterres proposes a 15% cut to the UNâs regular budget for 2026âslicing $500M and reducing staff by 19% amid chronic funding challenges.
Chinese Mainland and UK Reignite Trade Talks After Seven-Year Pause
The Chinese mainland and the UK resumed top-level trade talks in Beijing after seven years, signing MoUs on WTO cooperation and pledging collaboration in green energy, pharma, manufacturing and finance.
Long-Term U.S. Debt Faces Scrutiny as 30-Year Yield Tops 5%
With 30-year U.S. Treasury yields rising past 5%, former Treasury Secretary Lawrence H. Summers warns of alarming strains on Americaâs long-term borrowing and fiscal outlook.
H1 2025 FX Receipts & Payments: Highlights from Beijing Briefing
Li Bin, deputy administrator at the State Administration of Foreign Exchange, shared insights on H1 2025 foreign-exchange receipts and payments data during a press conference at the State Council Information Office of the Chinese mainland.
BRICS Expansion Reshapes Global Finance
BRICS nations explore supply chain resilience, financial cooperation and monetary reform to boost the Global South’s voice in a tariff-hit world.
BRICS Local Currency Settlement: Promise and Practical Hurdles
BRICS local currency settlement promises a shift from USD dominance, but operational, institutional and policy hurdles must be overcome for real impact.
US Congress Moves to Regulate Stablecoins as Global Role Grows
US Congress is set to regulate stablecoins as their role in global finance grows, marking a pivotal shift for digital assets.