Hong Kong's RMB Business Facility, a yuan financing tool for banks run by the HKMA, has been significantly expanded with a 150% quota increase to 500 billion yuan. Launched Friday, it aims to boost yuan usage in global business by offering cheaper financing for trade, capital expenditure, and working capital loans.
Zoho co-founder Sridhar Vembu's photo on Japan's Shinkansen, wearing a traditional veshti, went viral, resonating with people for his natural cultural representation. The image highlighted his unconventional approach to success and his commitment to rural development.
Donald Trump's financial disclosures reveal he earned nearly $1.2bn from crypto businesses and $2.2bn overall in 2025, while actively buying stocks and maintaining global business interests. Critics highlight potential conflicts as he influences policies benefiting his digital assets and negotiates with foreign governments.
A 927-page financial disclosure reveals US President Donald Trump's fortune nearly tripled to $6.5 billion since January 2025, largely due to over $1.2 billion from crypto ventures and millions from international real estate deals, sparking ethical concerns despite White House denials.
A new Bank of China white paper reveals over 95% of overseas companies plan to maintain or increase cross-border yuan settlements, with a significant drop in those expecting a decline. The report also indicates a five-year high in yuan asset holdings by foreign firms.
Zelos Technology, a Chinese robovan firm, believes Southeast Asia and the Middle East offer double the revenue potential compared to its domestic market. The company, which merged with Cainiao's autonomous vehicle unit, sees international expansion as crucial for profitability and competitiveness, emphasizing AI capabilities.
Fuzhou's International Investment Promotion Month offers over 92 billion yuan in investment opportunities. Overseas Chinese business leaders are exploring partnerships, focusing on cross-border e-commerce and promoting 'Guochao' (national trend) products globally.
A Reuters analysis of corporate disclosures reveals the Iran conflict has cost global businesses at least $25 billion due to supply chain disruptions and soaring fuel costs. Airlines, Toyota, and P&G reported significant financial hits, while consumers face higher fuel prices.
The escalating US-China legal arms race, amid the US-Iran conflict disrupting global energy and economies, forces businesses worldwide to navigate conflicting regulatory regimes, risking non-compliance with one side while adhering to the other.
LinkedIn is laying off approximately 875 employees (5% of its global workforce) across its Global Business Organization, marketing, engineering, and product teams as part of organizational changes to position itself for future success.
Canadian Solar, one of the industry’s most exposed players to US-China tensions, is expanding the role of its Hong Kong operations as it reshapes its global business to weather a deepening downturn and rising geopolitical pressure, positioning the city as a hub for financing, talent and technology development, according to its board director. The Nasdaq-listed group, founded in 2001 by Chinese entrepreneur Shawn Qu, has been grappling with increasingly stringent compliance requirements from...
