Promoting US-China Friendship | California USA
![A Bank of China staff member is seen counting currencies in China's Shanxi Province, August 6, 2020 [VCG]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/10/A-Bank-of-China-staff-member-is-seen-counting-currencies-in-Chinas-Shanxi-Province-August-6-2020-VCG.jpg?resize=525%2C296&ssl=1)
The U.S. dollar inched up in early Monday trade as riskier currencies slipped after negotiation on a U.S. stimulus package ran into resistance and as the yuan dropped. Continue reading “Dollar ticks up on stalled stimulus talk; yuan falls after PBOC move”
![The Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba [SHINE]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/10/The-Alipay-logo-is-pictured-at-the-Shanghai-office-of-Alipay-owned-by-Ant-Group-which-is-an-affiliate-of-Chinese-e-commerce-giant-Alibaba-SHINE.jpg?resize=525%2C296&ssl=1){kind=logo}
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan (US$8.93 billion) cumulatively from more than 10 million retail investors, selling out within days, the funds’ distributor said. Continue reading “New funds raise US$9 billion for Ant IPO”