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Continue reading →: Welcome to the Financial Silk RoadThis website updates and deepens our understanding of China’s international finance. These days, China’s economic expansion is at the heart of international political and economic debates. However, knowledge of how international finance works in general, and particularly the part involving China, is still limited. The goal is to expand this…
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Continue reading →: From physical to digital cashChina, the West, and the art of external leverage in Africa – These days, we often hear about digital payments and digital currencies. China is certainly one of the most advanced economies in terms of digital payments and has very recently developed one of the most advanced financial infrastructures for…
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Continue reading →: Some news December 2025Kodal ships first lithium from Mali to China – Kodal Minerals has completed its first shipment of lithium from its Bougouni mine in southern Mali to China. Nearly 29,000 tonnes were loaded onto a bulk carrier bound for Hainan province, marking the start of exports from the project. The company…
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Continue reading →: Bits of History #6Entering the WTO – While global attention was focused on the unfolding of the War on Terror, China signed its WTO accession protocol on November 11, 2001, officially becoming a member on December 11 of the same year. The United States was the main sponsor of China’s entry. The stated…
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Continue reading →: Some news November 2025
In November 2025, China’s outbound investment continued to rebound, rising 7% year-on-year as Chinese firms expanded into more than 150 countries (year to date), with especially strong growth in Belt and Road markets and a shift toward transferring technology and managerial know-how abroad. In contrast, inbound FDI declined, but the number of new foreign-invested…
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Continue reading →: Some news October 2025
Gold & Reserves Hong Kong is stepping up efforts to become an international gold trading hub by developing renminbi-denominated products and expanding gold storage and clearing systems to strengthen its financial infrastructure. The Shanghai Gold Exchange (SGE) marked a milestone in this integration by making its first physical gold transfer…
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Continue reading →: Bits of History #5
A socialist market economy – The hardline factions within the Communist Party of China (CPC) that had gained influence after the Tiananmen crackdown were overturned in January 1992, following Deng Xiaoping’s famous Southern Tour of China’s Special Economic Zones. This trip paved the way for the adoption of market-oriented economic…
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Continue reading →: Some news August – September 2025
August The recent excitement surrounding the stablecoin market has been tempered by caution from the Hong Kong Monetary Authority, which now plans to issue new stablecoin licenses only in 2026. Regulators worry that a flood of new stablecoin issuances, riding on the success of Tether and USD Coin, could trigger…
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Continue reading →: Bits of History #4
A Most Favored Nation – On January 24, 1980, after the US-China Science and Technology Cooperation Agreement (see Bits of History #2) and the Equity Joint Venture Law—which gave foreign direct investments in China legal status—the U.S. Congress granted China the status of Most Favored Nation (MFN). This effectively ended…
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Continue reading →: Some news June 24 – July 1
China’s alternative to the SWIFT payment messaging system, the Cross-Border Interbank Payment System (CIPS), is now available in Africa. Standard Bank, Africa’s largest bank by assets, is the first institution on the continent to offer CIPS. This move supports China’s goal to build an international financial system outside US and European…
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Continue reading →: Some news 17-23 June 2025
On June 18, at Lujiazui Forum in Shanghai, China’s central bank governor Pan Gongsheng unveiled eight major measures to further open China’s financial sector and bolster Shanghai as a global financial hub. The eight measures include:– Establish an interbank market transaction repository– Set up a digital yuan international operation centre– Introduce…
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