Hong Kong Unveils First Five-Year Plan, Eyes Deeper ASEAN Ties

Hong Kong's government unveiled its first five-year plan for 2026 to 2030, targeting economic growth, innovation and deeper regional connectivity.The economy grew 5.1% year on year in the first half

MT NewswiresSep 16 14:11

A 40 Trillion Debt Overhang! The U.S. Treasury Storm Sweeps the Globe: Can RMB Assets Serve as a Safe Haven? Understanding the Three Underlying Logics

Although the U.S. Treasury suddenly announced this Wednesday an expansion of long-term Treasury buybacks in an attempt to suppress long-term yields through a "borrow short, repay long" strategy, the effect lasted only one day. The yield on the U.S. 30-year Treasury bond rose again to 5.249%, approaching its previous high.

Securities TimesAug 23 15:18

Bank Indonesia: Renminbi accounts for over 80% of local currency transactions; plans to further expand settlement cooperation with China

Gelonghui, August 5 | Bank Indonesia plans to further implement and expand local currency transaction (LCT) cooperation with mainland China and Hong Kong in the near term, aiming to establish a comprehensive rupiah-renminbi currency and foreign exchange market ecosystem. Bank Indonesia stated that by June 2026, rupiah-renminbi transactions accounted for approximately 81% of total LCT transaction volume. This growth 'indicates the increasing importance of direct rupiah-renminbi settlement as an alternative to transactions routed through third-party currencies.'

Gelonghui FinanceAug 5 20:22

BMI: Rate hike expectations for Bank Indonesia persist amid rupiah pressure

Gelonghui, July 23 | BMI stated in a report that it expects Bank Indonesia to hike rates by another 50 basis points to 6.25% by year-end, as the rupiah faces downward pressure from policy concerns and renewed U.S.-Iran tensions. The firm forecasts that the currency will remain weak despite recent interventions and tighter monetary policy. It noted that higher oil prices could increase Indonesia’s import expenditures and exacerbate fiscal concerns, while persistent governance and policy uncertainties may continue to weigh on investor sentiment. However, BMI added that Indonesia’s pro-growth stance is expected to cap the extent of further rate hikes.

Gelonghui FinanceJul 23 10:47

Bank Indonesia, China's Central Bank Strengthen Currency Swap Cooperation

The central banks of Indonesia and China agreed to explore expanding the size of their bilateral currency swap arrangement, as well as reaffirmed their commitment to increasing the use of local

MT NewswiresJun 11 20:07

Indonesia's Money Supply Growth Cools to 9.2% in April

Indonesia's broad money supply (M2) expanded 9.2% year-on-year in April, reaching 10,253.7 trillion Indonesian rupiah, but easing from 9.7% growth in March, Bank Indonesia said Friday.The moderation

MT NewswiresMay 22 14:32