Karen Yeung

Hong Kong

Karen Yeung

Specialist Reporter, Business

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.

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Latest from Karen Yeung

China’s US dollar debt market showing cracks from US sanctions and prospect of more

If United States decides to block top Chinese firms from dollar financings, everyone will have to stop trading their bonds immediately, analyst says.

21 Oct 2020 - 10:40PM

If United States decides to block top Chinese firms from dollar financings, everyone will have to stop trading their bonds immediately, analyst says.

China’s US dollar debt market showing cracks from US sanctions and prospect of more
China slows yuan’s rise on asset bubble concerns, signalling new battle against excessive appreciation

China’s yuan exchange rate pulled back slightly on Monday after the central bank reduced the reserve requirement for foreign exchange forwards to zero.

12 Oct 2020 - 10:39PM

China’s yuan exchange rate pulled back slightly on Monday after the central bank reduced the reserve requirement for foreign exchange forwards to zero.

China slows yuan’s rise on asset bubble concerns, signalling new battle against excessive appreciation
China not among major central banks in talks on global digital currency principles

Despite China being a world leader in testing its own digital sovereign currency, the People’s Bank of China was conspicuously absent from an international group discussion on global digital currency principles.

13 Oct 2020 - 8:54AM

Despite China being a world leader in testing its own digital sovereign currency, the People’s Bank of China was conspicuously absent from an international group discussion on global digital currency principles.

China not among major central banks in talks on global digital currency principles
Explainer | Why did China’s forex reserves fall by US$22 billion in September?

A drop in China’s foreign exchange reserves could mean that there were money outflows from the country, or it could reflect a strengthening US dollar.

8 Oct 2020 - 9:36AM

A drop in China’s foreign exchange reserves could mean that there were money outflows from the country, or it could reflect a strengthening US dollar.

Why did China’s forex reserves fall by US$22 billion in September?
China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground

The offshore yuan extended its rally against the US dollar on Tuesday after US President Donald Trump lost ground to Democratic nominee Joe Biden in new polls ahead of November’s election.

17 Oct 2020 - 7:12AM

The offshore yuan extended its rally against the US dollar on Tuesday after US President Donald Trump lost ground to Democratic nominee Joe Biden in new polls ahead of November’s election.

China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground
China steps up scrutiny of illegal foreign exchange flows as market opening accelerates

China is strengthening supervision of cross-border flows at the same time the country is trying to generate investment and internationalise the yuan by opening capital markets.

29 Sep 2020 - 10:41AM

China is strengthening supervision of cross-border flows at the same time the country is trying to generate investment and internationalise the yuan by opening capital markets.

China steps up scrutiny of illegal foreign exchange flows as market opening accelerates
China’s US dollar debt defaults climb as coronavirus, US tensions hit firms’ bottom lines

US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of 2019, shaking market confidence.

23 Sep 2020 - 5:45AM

US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of 2019, shaking market confidence.

China’s US dollar debt defaults climb as coronavirus, US tensions hit firms’ bottom lines
China’s ambiguous Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms

China’s Ministry of Commerce announced details of its long-awaited blacklist over the weekend, but did not provide a list of names or a timetable for its release.

23 Sep 2020 - 11:19AM

China’s Ministry of Commerce announced details of its long-awaited blacklist over the weekend, but did not provide a list of names or a timetable for its release.

China’s ambiguous Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms
US ruling on China’s alleged yuan undervaluation could stoke further rift in relations

The US Department of Commerce is due to release its findings next week on whether China’s yuan is undervalued and so constitutes an economic subsidy.

18 Sep 2020 - 8:41PM

The US Department of Commerce is due to release its findings next week on whether China’s yuan is undervalued and so constitutes an economic subsidy.

US ruling on China’s alleged yuan undervaluation could stoke further rift in relations
China is only G20 country expected to see positive economic output this year, OECD says

Bringing the coronavirus under control quickly with strict lockdown measures has ensured that China will see a ‘stable environment for the continued recovery of the domestic economy’.

16 Sep 2020 - 10:34PM

Bringing the coronavirus under control quickly with strict lockdown measures has ensured that China will see a ‘stable environment for the continued recovery of the domestic economy’.

China is only G20 country expected to see positive economic output this year, OECD says
Coronavirus could push 160 million more into poverty across Asia, ADB warns

Overall gross domestic product growth for developing Asia will contract by 0.7 per cent this year, marking its first negative economic growth since 1962, according to the Asian Development Bank.

15 Sep 2020 - 11:25PM

Overall gross domestic product growth for developing Asia will contract by 0.7 per cent this year, marking its first negative economic growth since 1962, according to the Asian Development Bank.

Coronavirus could push 160 million more into poverty across Asia, ADB warns
China signals shift to stronger yuan exchange rate policy to help develop domestic demand, analysts say

Chinese leaders are seemingly shifting toward a stronger yuan exchange rate policy to develop the domestic consumption market under its new dual circulation plan.

9 Sep 2020 - 10:57PM

Chinese leaders are seemingly shifting toward a stronger yuan exchange rate policy to develop the domestic consumption market under its new dual circulation plan.

China signals shift to stronger yuan exchange rate policy to help develop domestic demand, analysts say
US threat to target China’s biggest chip maker SMIC risks undermining drive to boost domestic tech sector

White House considers adding manufacturer to blacklist that would force US suppliers to apply for an export licence.

5 Sep 2020 - 11:07PM

White House considers adding manufacturer to blacklist that would force US suppliers to apply for an export licence.

US threat to target China’s biggest chip maker SMIC risks undermining drive to boost domestic tech sector
China-India relations: both sides urge restraint in border stand-off but continue to play blame game

In talks in Moscow, Wei Fenghe tells Indian counterpart that China cannot lose ‘one inch of its territory’.

6 Sep 2020 - 9:20AM

In talks in Moscow, Wei Fenghe tells Indian counterpart that China cannot lose ‘one inch of its territory’.

China-India relations: both sides urge restraint in border stand-off but continue to play blame game
China may ditch US Treasuries as decoupling risk looms: Global Times

Beijing may gradually decrease its holdings of US Treasury bonds if tensions with Washington continue to escalate, according to the state-backed Global Times.

4 Sep 2020 - 10:56PM

Beijing may gradually decrease its holdings of US Treasury bonds if tensions with Washington continue to escalate, according to the state-backed Global Times.

China may ditch US Treasuries as decoupling risk looms: Global Times
As US-China decoupling threat mounts, Beijing looks to open up market for foreign services trade

Ministry of Commerce is drafting ‘negative lists’ that will provide a breakdown of sectors and industries that are off limits to foreign firms, but analysts say more information is needed to gauge effectiveness.

3 Sep 2020 - 11:28PM

Ministry of Commerce is drafting ‘negative lists’ that will provide a breakdown of sectors and industries that are off limits to foreign firms, but analysts say more information is needed to gauge effectiveness.

As US-China decoupling threat mounts, Beijing looks to open up market for foreign services trade
China’s sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say

Testing of digital yuan will expand in coming months as China also seeks to internationalise its currency to help offset threat of US sanctions cutting Chinese financial institutions off from dollar payment system.

1 Sep 2020 - 11:14PM

Testing of digital yuan will expand in coming months as China also seeks to internationalise its currency to help offset threat of US sanctions cutting Chinese financial institutions off from dollar payment system.

China’s sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say
Bitcoin ads bash banks as fears mount over sanctions restricting access to US dollar payment system

Recent spate of cryptocurrency adverts across both Eastern and Western media outlets look to capitalise on concerns over restricted access to the US dollar payment system.

29 Aug 2020 - 1:17AM

Recent spate of cryptocurrency adverts across both Eastern and Western media outlets look to capitalise on concerns over restricted access to the US dollar payment system.

Bitcoin ads bash banks as fears mount over sanctions restricting access to US dollar payment system
Cryptocurrencies help Chinese evade capital and currency controls in moving billions overseas

More than US$50 billion in cryptocurrency assets have been moved abroad from China-based addresses in the last 12 months, according to a report.

26 Aug 2020 - 11:28PM

More than US$50 billion in cryptocurrency assets have been moved abroad from China-based addresses in the last 12 months, according to a report.

Cryptocurrencies help Chinese evade capital and currency controls in moving billions overseas
China ‘stuck’ as rigid controls on capital outflows becoming harder to peel back

China imposes strict controls to stem capital outflows and stabilise the yuan, but analysts say the measures come with ‘side effects’ that are becoming harder to undo.

26 Aug 2020 - 5:49AM

China imposes strict controls to stem capital outflows and stabilise the yuan, but analysts say the measures come with ‘side effects’ that are becoming harder to undo.

China ‘stuck’ as rigid controls on capital outflows becoming harder to peel back
Explainer | How the US uses the dollar payments system to impose sanctions on a global scale

The US dollar’s dominance in international financial transactions gives Washington a powerful tool that it uses to sanction people and institutions on a global scale.

25 Aug 2020 - 5:28PM

The US dollar’s dominance in international financial transactions gives Washington a powerful tool that it uses to sanction people and institutions on a global scale.

How the US uses the dollar payments system to impose sanctions on a global scale
Chinese business leaders urge country to keep thinking global

Beijing has called for increased focus on ‘domestic circulation’ to boost self-reliance.

17 Aug 2020 - 8:30AM

Beijing has called for increased focus on ‘domestic circulation’ to boost self-reliance.

Chinese business leaders urge country to keep thinking global
Chinese President Xi Jinping says Marxist political economy is the bedrock for nation’s growth

The ‘dominant position of public ownership cannot be shaken’, general secretary of Chinese Communist Party says.

17 Aug 2020 - 12:00AM

The ‘dominant position of public ownership cannot be shaken’, general secretary of Chinese Communist Party says.

Chinese President Xi Jinping says Marxist political economy is the bedrock for nation’s growth
American Express: new yuan card settlement network promotes global use of China’s currency

Entry by American Express into China’s ‘previously untouchable’ payment market creates opportunity for finances to flow between China and the United States as bilateral relations deteriorate.

14 Aug 2020 - 10:52PM

Entry by American Express into China’s ‘previously untouchable’ payment market creates opportunity for finances to flow between China and the United States as bilateral relations deteriorate.

American Express: new yuan card settlement network promotes global use of China’s currency
Trump says China failing to meet trade deal commitments, piling pressure on Beijing ahead of review

US President Donald Trump has downplayed the importance of the phase one trade deal with China as top negotiators prepare to discuss progress on the pact in coming days.

11 Aug 2020 - 10:58PM

US President Donald Trump has downplayed the importance of the phase one trade deal with China as top negotiators prepare to discuss progress on the pact in coming days.

Trump says China failing to meet trade deal commitments, piling pressure on Beijing ahead of review
Pandemic shrinks foreign exchange trading in major hubs but Singapore, Tokyo grab market share at Hong Kong’s expense

Coronavirus pandemic has chilled global financial markets by shrinking volume of currency trading. Tokyo and Singapore are early winners as Hong Kong slips.

11 Aug 2020 - 10:58PM

Coronavirus pandemic has chilled global financial markets by shrinking volume of currency trading. Tokyo and Singapore are early winners as Hong Kong slips.

Pandemic shrinks foreign exchange trading in major hubs but Singapore, Tokyo grab market share at Hong Kong’s expense
US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

China’s Ministry of Commerce has warned United States to stop using claims of alleged yuan undervaluation to justify the imposition of anti-dumping and countervailing duties on the imports of cheap twist ties from China.

29 Jul 2020 - 9:32AM

China’s Ministry of Commerce has warned United States to stop using claims of alleged yuan undervaluation to justify the imposition of anti-dumping and countervailing duties on the imports of cheap twist ties from China.

US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?
US dollar at risk of sudden collapse? Ex-IMF official warns ‘blow-up event’ could sink currency as debt mounts

While the US Federal Reserve’s aggressiveness in easing financial conditions has succeeded in halting a further decline in the US economy, companies could still go bankrupt.

24 Jul 2020 - 9:10AM

While the US Federal Reserve’s aggressiveness in easing financial conditions has succeeded in halting a further decline in the US economy, companies could still go bankrupt.

US dollar at risk of sudden collapse? Ex-IMF official warns ‘blow-up event’ could sink currency as debt mounts
US Autonomy Act unlikely to undermine Hong Kong dollar peg in short-run, but poses long-term risk, analysts say

Analysts say the long-term outlook for Hong Kong’s dollar peg is uncertain, as tensions between China and the US heat up following Beijing’s imposition of a security law on the city.

21 Jul 2020 - 10:04AM

Analysts say the long-term outlook for Hong Kong’s dollar peg is uncertain, as tensions between China and the US heat up following Beijing’s imposition of a security law on the city.

US Autonomy Act unlikely to undermine Hong Kong dollar peg in short-run, but poses long-term risk, analysts say
Hong Kong women’s pursuit of career goals more important than ever amid coronavirus

Two Hong Kong women are examples of female professionals who have chased their career dreams and recognise the importance of seeking career-advancement opportunities even during the ongoing coronavirus pandemic.

3 Aug 2020 - 7:14PM

Two Hong Kong women are examples of female professionals who have chased their career dreams and recognise the importance of seeking career-advancement opportunities even during the ongoing coronavirus pandemic.

Hong Kong women’s pursuit of career goals more important than ever amid coronavirus