foreign exchange reserves – Charm

China’s secret plan for a US$1 trillion reserves fund in Hong Kong

Cs news4 months ago018 mins

Halfway up a 37-storey tower overlooking Hong Kong’s Victoria Harbour, within walking distance from the People’s Liberation Army barracks and the classy Hong Kong Club, sits an unassuming office of a fund manager with an outsize role in the global financial markets. The spartan office, with two tiny flags of China and Hong Kong providing…

China’s annual growth on track to hit target of around 5%, senior official suggests

Cs news7 months ago02 mins

China’s economic growth this year will be about 5 per cent, a high-level official said on Saturday, suggesting that the country is hitting its annual target. The world’s second-largest economy is going to achieve major goals for 2024 and contribute to nearly 30 per cent of global growth, Han Wenxiu, deputy director of the Central…