The Bank of Russia purchased yuan on the domestic market with settlements on June 11, 2026, for 5.3 billion rubles ($73.08 million). This follows a purchase of 5.2 billion rubles ($71.70 million) on June 10.
China's economy shows sluggish consumption and weak investment in May, with new bank loans falling year-on-year. Despite regulatory efforts, demand remains weak, though the tech sector is a bright spot amid innovation drives.
Chen Ailian, dubbed China's 'Wheel Queen' with a net worth of $1.6 billion, has gained social media attention for rewarding key employees with 100 BMW cars. Her company, Wanfeng Auto Holding Group, is a global leader in aluminum wheel hubs and magnesium alloy manufacturing, and also involved in the aviation industry.
Denizbank, 20 ülkeden 42 bankanın katılımıyla dolar, euro ve Çin yuanı cinsinden 3 yıla kadar vadeli sendikasyon kredisini yüzde 134 yenileyerek 810 milyon dolar tutarında su odaklı mavi finansman sağladı. Kaynaklar, su alanında olumlu etki yaratacak projelere kullandırılacak.
As Donald Trump turns 80, a collection of public figures offer a mix of sarcastic thanks, sharp criticism, and reflections on his resilience and impact on global politics, finance, and American society.
A Shanghai man, Liu, spent 10,000 yuan ($1,500) on online health products from an influencer named Chen, believing they would help him gain weight. Instead, he lost 6.5kg in a month, despite being told the herbal products had no side effects.
Taipei Mayor Chiang Wan-an's call to abolish the Control Yuan has drawn criticism from legislator Lin Chun-hsien, who questioned Chiang's past opposition to similar constitutional amendments. Lin suggested Chiang's current stance might be politically motivated, possibly to distance himself from his aide or to position himself for a 2028 presidential bid.
The Presidential Office has nominated three individuals with labor expertise for the Control Yuan: Chang Feng-yi, Hsieh Cheng-ta, and Chiu Chun-yen. Labor groups view this as a significant step, hoping their specialized knowledge will lead to improved labor laws and workplace conditions, and urge bipartisan support for their confirmation.
Taiwanese disability and caregiver employer groups strongly oppose the nomination of Sun Yi-hsin, Secretary-General of the Taiwan Alliance for Social Welfare, to the Control Yuan. They cite his strong advocacy for migrant worker rights, particularly ending the "one-day departure every three years" rule for foreign laborers, while allegedly neglecting the severe caregiving challenges faced by Taiwanese families with disabled members. Concerns are raised about potential conflicts of interest and a lack of objective, neutral perspective for the oversight role.
Taiwan People's Party Chairman Huang Kuo-chang strongly criticized the Control Yuan, calling it a "useless institution" for allegedly attempting to overturn convictions of DPP-affiliated elites. He announced the party's intention to cut the Control Yuan's budget, reject all its nominees, and initiate constitutional amendments to abolish the institution.
A former shareholder of a Zhou Datong jewelry store in Shanghai, identified as Zhou, is accused of defrauding employees and customers of over 10 million yuan by borrowing money under the guise of business development and investment. He has since disappeared. The store's public account received over 1 million yuan before his disappearance.
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.
President William Lai has nominated Chen Yung-hsing, a human rights advocate, as president of Taiwan's Control Yuan. The list of 29 nominees aims to enhance government oversight and protect human rights, but faces opposition from the KMT and TPP parties.
Taiwan's Executive Yuan approved draft amendments to increase penalties for drug driving, including life sentences for repeat offenders in cases resulting in death. Vehicles will be confiscated, and licenses revoked for life in severe incidents.
Norilsk Nickel has successfully completed its new issue of yuan-denominated exchange-traded bonds (BO-001R-17-CNY series), setting a final coupon rate of 7.6% per annum. The issue size reached 3 billion yuan ($443 million) with a 4-year maturity and monthly coupon payments.
A 30-year-old man suspected of drug use crashed into two pedestrians in Taoyuan, Taiwan, killing them. The driver was fleeing police when the incident occurred. He sustained injuries and is in critical condition.
China's maritime authorities have completed their first hydrographic survey east of Taiwan, aiming to improve seabed mapping. The operation, involving multiple agencies, is seen as a strategic move to assert jurisdiction over waters surrounding Taiwan.
Russian Ambassador to China Igor Morgulov stated that nearly all Russia-China trade is conducted in rubles and yuan, with bilateral trade turnover exceeding $200 billion for three consecutive years and growing over 20% this year. Both nations oppose protectionism and have numerous joint investment projects.
The People's Bank of China, Hong Kong Monetary Authority, and Bank Indonesia have established a framework for direct bilateral transactions, facilitating the exchange of Indonesian rupiah and Chinese yuan to boost regional currency use and Hong Kong's role as an offshore renminbi hub.
Taiwan's President has nominated 29 new members for the Control Yuan, including Chen Yung-hsing as president and Wang Jung-chang as vice president. The opposition parties, KMT and TPP, have expressed rejection, with TPP chairman Huang Kuo-chang calling the institution a "reward院" and "henchman院" and vowing to cut its budget.
Former Taiwanese legislator Tsai Cheng-yuan, serving a 3.5-year sentence for the "Three Cs" case, expressed gratitude on social media for visits from political figures including Han Kuo-yu and Ko Wen-je, and gifts from fans, stating his will remains unbroken.
China's Ministry of Agriculture and Rural Affairs announced that over 750 billion yuan has been invested in western regions through East-West cooperation to consolidate poverty alleviation efforts and promote rural revitalization. This initiative has created jobs for over 5 million rural laborers, including 3 million formerly impoverished individuals.
Presidential Office announced nominees for the 7th Control Yuan, with medical veteran Chen Yung-hsing nominated as president. Chen's past "painful" history with Taiwan People's Party Chair Huang Kuo-chang, who he urged to "find his original intention," has resurfaced.
Qingyuan Customs reported that in the first five months of this year, Qingyuan City's exports of printing equipment and supplies, including printers, copiers, and toner, reached 32.947 million yuan, a year-on-year increase of over 130%. The customs actively guides enterprises on compliance, certification, and environmental regulations to boost competitiveness.
