4 d. ago China’s currency push gains ground as Russia nears issuance of yuan bond

Russia is inching closer to its first yuan-denominated sovereign bond sale, aiding China’s push to raise the global standing of its currency. Russia’s Finance Ministry will start taking orders on December 2 for the two-part, domestically traded notes. The borrower was expected to market the new debt with a targeted coupon of 6.25 to 6.5 per cent for a 3.2-year tranche, the Interfax news agency reported, adding that the coupon for a 7.5-year portion would be capped at 7.5 per cent. Running a...

Politics

6 d. ago 'Zootopia 2' Smashes Box Office Records In China With $104M Saturday

'Zootopia 2' Smashes Box Office Records In China With $104M Saturday  The Outside Scoop | Scott Mendelson

Society

7 d. ago ‘Zootopia 2’ Smashes China Box Office Records With $34 Million Opening Day

‘Zootopia 2’ Smashes China Box Office Records With $34 Million Opening Day  Variety

Society

1 week ago Why China’s film industry is banking on Zootopia 2 being a smash hit

China’s film market urgently needs a hit to draw audiences back to cinemas after a lacklustre few months. And an unexpected candidate looks set to fill that role: the Disney animated comedy Zootopia 2. Hollywood movies have underperformed in China over the past few years, but Zootopia 2 appears on track to break the curse. Its advance ticket sales have already surpassed 249 million yuan (US$35 million) – a record for a foreign animated film in China, according to box office tracker Dengta...

Events

2 w. ago China’s euro bond sale sees record demand, signals strong investor confidence

China’s €4 billion (US$4.6 billion) euro-denominated bond sale has drawn record demand, highlighting robust investor confidence in its sovereign assets amid a global shift towards diversification. International and regional investors placed €100.1 billion in orders for the offering – 25 times the fundraising target – China’s Ministry of Finance said in a statement on Wednesday. The seven-year tranche, issued alongside an equal-sized four-year tranche, attracted demand 26.5 times its allocation,...

Economics

2 w. ago China Smashes Bond Sale Records With Over $234 Billion of Bids

China Smashes Bond Sale Records With Over $234 Billion of Bids  Bloomberg.com

Economics

3 w. ago iPhone 17 Series Smashes Pre‑order Record in China Within First Minute

iPhone 17 Series Smashes Pre‑order Record in China Within First Minute  vocal.media

Politics

4 w. ago Beijing’s US$4 billion bond sale tests economic outlook after trade truce

China’s Ministry of Finance returned to the international bond market for the first time in a year on Wednesday, offering US$4 billion in sovereign notes and giving international investors a chance to register their opinion on the country’s economic outlook amid receding trade tensions. The issuance in Hong Kong came just days after a truce in the long-simmering US-China trade dispute and followed Beijing’s unveiling of its 15th five-year plan for economic and social development. The offering of...

Economics