FIMA RMB Repo seen boosting yuan

    China will establish a new liquidity facility for overseas central banks and official institutions, said People’s Bank of China Governor Pan Gongsheng, in what analysts describe as a proactive step toward boosting global demand for yuan assets. Pan Gongsheng Speaking at the 2026 Lujiazui Forum on Wednesday, Pan announced the establishment of the RMB Repo…

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      SpaceX stock falls for first time, ending 3-day surge

      SpaceX (SPCX) stock fell on Wednesday for the first time since the company went public, breaking a three-session winning streak that had pushed Elon Musk’s rocket and AI venture into the upper tier of the world’s most valuable companies. The stock ended down nearly 5%, trimming a debut rally that had at one point reached…

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        Nation’s innovation strength, speed hailed

        BEIJING, June 17, 2026 /PRNewswire/ — A news report from China Daily: China’s accelerated efforts to foster new quality productive forces are injecting fresh momentum into innovation-driven growth and creating broader opportunities for multinational companies seeking to deepen their presence in the world’s second-largest economy, business executives and economists said. Business executives and economists attend the…

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        Hong Kong high-speed rail

          Hong Kong Expands High-Speed Rail Network

          MTR Corporation has announced that Hong Kong’s high-speed rail network will expand to 113 direct destinations from 1 July, following the addition of three new stations. The new destinations — Guangzhoubei, Yiwu and Fuqingxi — will be added after coordination with mainland railway authorities, extending the reach of the High Speed Rail (Hong Kong Section)…

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