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 Xinjiang faces hidden risk from debt-heavy XPCC, with spending tipped to rise after US withdrawal from Afghanistan

Debt issued by the Xinjiang Production and Construction Corps, a quasi-military entity in Washington’s cross hairs, has surged in recent years to fund social and security spending.

Debt issued by the Xinjiang Production and Construction Corps, a quasi-military entity in Washington’s cross hairs, has surged in recent years to fund social and security spending.

China’s Xinjiang faces hidden risk from debt-heavy XPCC, with spending tipped to rise after US withdrawal from Afghanistan
8 Oct 2021 - 9:12AM
Australia, Malaysia Singapore join forces to test digital currencies ‘blueprint’ but US remains ‘sceptical’

Australia, Singapore, Malaysia and South Africa will join forces to test the use of multiple central bank digital currencies (CBDCs) for cross border payments and settlements, according to the Bank for International Settlements.

Australia, Singapore, Malaysia and South Africa will join forces to test the use of multiple central bank digital currencies (CBDCs) for cross border payments and settlements, according to the Bank for International Settlements.

Australia, Malaysia Singapore join forces to test digital currencies ‘blueprint’ but US remains ‘sceptical’
2 Sep 2021 - 5:15PM
Huaxia joins Chinese banks halting forex services amid currency volatility concerns, but move leaves customers anxious

Huaxia Bank confuses customers as it becomes latest Chinese lender to stop offering some foreign exchange services, while banking regulators keep pressure on to maintain financial stability.

Huaxia Bank confuses customers as it becomes latest Chinese lender to stop offering some foreign exchange services, while banking regulators keep pressure on to maintain financial stability.

Huaxia joins Chinese banks halting forex services amid currency volatility concerns, but move leaves customers anxious
1 Sep 2021 - 10:54PM
China’s yuan internationalisation faces coronavirus, geopolitical threats despite record cross-border use

China’s cross-border settlements in yuan accounted for a record 47.4 per cent of all of domestic and foreign currency transactions last year, while cross-border use of the yuan surged by 44.3 per cent year on year.

China’s cross-border settlements in yuan accounted for a record 47.4 per cent of all of domestic and foreign currency transactions last year, while cross-border use of the yuan surged by 44.3 per cent year on year.

China’s yuan internationalisation faces coronavirus, geopolitical threats despite record cross-border use
25 Aug 2021 - 5:28AM
Couples in China can now have up to three children, but who is going to take care of them?

The government now officially allows couples to have three children, but for many families childcare is still a major concern.

The government now officially allows couples to have three children, but for many families childcare is still a major concern.

Couples in China can now have up to three children, but who is going to take care of them?
22 Aug 2021 - 10:45PM
Can China boost foreign asset returns to ease impact of economic slowdown?

Liberalising China’s markets could help generate greater returns for citizens via overseas investments, according to a former official in charge of international payments.

Liberalising China’s markets could help generate greater returns for citizens via overseas investments, according to a former official in charge of international payments.

Can China boost foreign asset returns to ease impact of economic slowdown?
19 Aug 2021 - 12:30AM
China’s 2015 yuan reform sent shock waves through financial markets, now it’s ‘learning its lesson’

Six years ago, the People’s Bank of China devalued the yuan by nearly 3 per cent against the US dollar over two days, now it is laying out its policy plans to support the currency.

Six years ago, the People’s Bank of China devalued the yuan by nearly 3 per cent against the US dollar over two days, now it is laying out its policy plans to support the currency.

China’s 2015 yuan reform  sent shock waves through financial markets, now it’s ‘learning its lesson’
12 Aug 2021 - 10:01PM
China’s economic recovery normalising after coronavirus, but consumers still suffering from ‘psychological shock’

‘Psychological’ scarring from the pandemic continues to undermine consumer confidence in China, with lingering anxiety about financial security tarnishing economic recovery.

‘Psychological’ scarring from the pandemic continues to undermine consumer confidence in China, with lingering anxiety about financial security tarnishing economic recovery.

China’s economic recovery normalising after coronavirus, but consumers still suffering from ‘psychological shock’
16 Aug 2021 - 2:28PM
Why China’s economic slowdown could spell bad news for Asian currencies

China is a net importer of goods from many Southeast Asian nations and a slowdown in demand would have knock-on effects for their currencies, analysts say.

China is a net importer of goods from many Southeast Asian nations and a slowdown in demand would have knock-on effects for their currencies, analysts say.

Why China’s economic slowdown could spell bad news for Asian currencies
9 Aug 2021 - 6:43PM
AI could create financial unfairness, prejudice without human intervention, Hong Kong monetary chief says

Artificial intelligence (AI) could increase innovation in banking products and services, but Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man has expressed the need for proper governance.

Artificial intelligence (AI) could increase innovation in banking products and services, but Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man has expressed the need for proper governance.

AI could create financial unfairness, prejudice without human intervention, Hong Kong monetary chief says
6 Aug 2021 - 10:02PM
China’s economy downshifts to slower growth path as focus turns to social equality, national safety

Beijing still wants to double the nation’s GDP by 2035, but ‘policymakers feel they need to address social issues to ensure social fairness and justice’, while also protecting state enterprises and the environment.

Beijing still wants to double the nation’s GDP by 2035, but ‘policymakers feel they need to address social issues to ensure social fairness and justice’, while also protecting state enterprises and the environment.

China’s economy downshifts to slower growth path as focus turns to social equality, national safety
4 Aug 2021 - 8:41AM
China’s central bank keeps sights set on monopolies

PBOC says unfair competition will be a focus in the second half of the year.

PBOC says unfair competition will be a focus in the second half of the year.

China’s central bank keeps sights set on monopolies
31 Jul 2021 - 10:25PM
China says it will continue to work for ‘fairer’ global minimum tax rate that could force tech giants to pay more

The plan is being driven by the G20 and OECD and could make it harder for the likes of Apple, Google and Facebook to avoid paying tax in their home countries.

The plan is being driven by the G20 and OECD and could make it harder for the likes of Apple, Google and Facebook to avoid paying tax in their home countries.

China says it will continue to work for ‘fairer’ global minimum tax rate that could force tech giants to pay more
31 Jul 2021 - 9:58PM
New Covid-19 variants prompt IMF to slash China, emerging Asia economic growth outlook

Steady economic recovery is not assured so long as segments of the world‘s population remain unvaccinated against the virus and its mutations, the International Monetary Fund says.

Steady economic recovery is not assured so long as segments of the world‘s population remain unvaccinated against the virus and its mutations, the International Monetary Fund says.

New Covid-19 variants prompt IMF to slash China, emerging Asia economic growth outlook
27 Jul 2021 - 11:21PM
China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’

An index which measures the yuan’s value against a basket of foreign currencies climbed to a five-year high last week, with China’s currency set to remain strong.

An index which measures the yuan’s value against a basket of foreign currencies climbed to a five-year high last week, with China’s currency set to remain strong.

China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’
26 Jul 2021 - 8:15PM
China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks

Analysts caution that widespread adoption of China’s digital currency must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’.

Analysts caution that widespread adoption of China’s digital currency must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’.

China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks
19 Jul 2021 - 10:27AM
Could Hong Kong’s status as a business hub be threatened under global minimum tax reform?

A new proposal for a global minimum tax is being scrutinised by businesses in Hong Kong, where a range of concessions allow some companies to lower their effective rate below 15 per cent.

A new proposal for a global minimum tax is being scrutinised by businesses in Hong Kong, where a range of concessions allow some companies to lower their effective rate below 15 per cent.

Could Hong Kong’s status as a business hub be threatened under global minimum tax reform?
14 Jul 2021 - 12:09PM
China welcomes bigger role for yuan in de-dollarised Russian sovereign wealth fund

Moscow’s move reflects confidence in Chinese economic development, foreign ministry says.

Moscow’s move reflects confidence in Chinese economic development, foreign ministry says.

China welcomes bigger role for yuan in de-dollarised Russian sovereign wealth fund
10 Jul 2021 - 5:29PM
China ‘needs Hong Kong’ in race for global financial leadership, former stock exchange chief says

There is a chance that China could become the leader in the global financial system, according to Charles Li, the former head of Hong Kong’s stock exchange operator.

There is a chance that China could become the leader in the global financial system, according to Charles Li, the former head of Hong Kong’s stock exchange operator.

China ‘needs Hong Kong’ in race for global financial leadership, former stock exchange chief says
8 Jul 2021 - 11:31PM
China has ‘ample room’ to absorb global minimum tax, but still ‘prickly’ on issues of economic sovereignty

While important details need to be hammered out, China appears to have put aside any major reservations to support a minimum global tax rate of at least 15 per cent.

While important details need to be hammered out, China appears to have put aside any major reservations to support a minimum global tax rate of at least 15 per cent.

China has ‘ample room’ to absorb global minimum tax, but still ‘prickly’ on issues of economic sovereignty
16 Jul 2021 - 8:33AM
As China’s foreign currency deposits pass US$1 trillion, banks face unwanted headache, yuan pressure

China’s foreign exchange deposits hit US$1.01 trillion at end of May, up 35.7 per cent from a year earlier, having surpassed US$1 trillion for the first time in April.

China’s foreign exchange deposits hit US$1.01 trillion at end of May, up 35.7 per cent from a year earlier, having surpassed US$1 trillion for the first time in April.

As China’s foreign currency deposits pass US$1 trillion, banks face unwanted headache, yuan pressure
6 Jul 2021 - 2:12PM
China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?

Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up.

Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up.

China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?
25 Jun 2021 - 8:00AM
China shipping: Yantian port delays already worse than those caused by Suez Canal debacle in March

Weeks of coronavirus-containment efforts following outbreaks among dockworkers in China’s Pearl River Delta have caused global backlogs and inventory shortages, bringing some major ports in South China to a standstill.

Weeks of coronavirus-containment efforts following outbreaks among dockworkers in China’s Pearl River Delta have caused global backlogs and inventory shortages, bringing some major ports in South China to a standstill.

China shipping: Yantian port delays already worse than those caused by Suez Canal debacle in March
18 Jun 2021 - 6:30PM
Hong Kong’s e-dollar study in spotlight as city’s US dollar peg remains strong

Hong Kong’s de facto central bank has set up a working group to study ‘legal and regulatory issues’ related to an e-Hong Kong dollar.

Hong Kong’s de facto central bank has set up a working group to study ‘legal and regulatory issues’ related to an e-Hong Kong dollar.

Hong Kong’s e-dollar study in spotlight as city’s US dollar peg remains strong
17 Jun 2021 - 11:19AM
China’s yuan could become world’s ‘currency of choice’ by 2050 under dual circulation plan

Market entities will use the yuan for cross-border purposes as China’s economy integrates with the rest of the world, according to former deputy central bank governor Hu Xiaolian.

Market entities will use the yuan for cross-border purposes as China’s economy integrates with the rest of the world, according to former deputy central bank governor Hu Xiaolian.

China’s yuan could become world’s ‘currency of choice’ by 2050 under dual circulation plan
12 Jun 2021 - 12:48AM
China-Australia relations: how an underperforming Australian dollar could entice new trade partners

Analysts are looking into whether the Australian dollar has started to weaken recently because of ongoing tensions with China.

Analysts are looking into whether the Australian dollar has started to weaken recently because of ongoing tensions with China.

China-Australia relations: how an underperforming Australian dollar could entice new trade partners
10 Jun 2021 - 5:55AM
Explainer | China digital currency: when will the e-yuan be launched, and what will it be used for?

China began exploring the concept of a sovereign digital currency in 2014, and has already distributed some 200 million yuan (US$30.7 million) as part of pilot projects across the country.

China began exploring the concept of a sovereign digital currency in 2014, and has already distributed some 200 million yuan (US$30.7 million) as part of pilot projects across the country.

China digital currency: when will the e-yuan be launched, and what will it be used for?
7 Jun 2021 - 10:03AM
China’s digital currency trials accelerate, but will users of Alipay, WeChat Pay switch to the new e-yuan?

China has an established digital payment system dominated by Alipay and WeChat Pay, potentially slowing the adoption of the nation’s new sovereign digital currency.

China has an established digital payment system dominated by Alipay and WeChat Pay, potentially slowing the adoption of the nation’s new sovereign digital currency.

China’s digital currency trials accelerate, but will users of Alipay, WeChat Pay switch to the new e-yuan?
7 Jun 2021 - 11:32AM
Hong Kong manufacturers struggle with ‘blackouts’, rising producer prices in mainland China

Hong Kong manufacturers in mainland China have been beset by sky-high raw material prices, electricity cuts and hiring difficulties in recent weeks.

Hong Kong manufacturers in mainland China have been beset by sky-high raw material prices, electricity cuts and hiring difficulties in recent weeks.

Hong Kong manufacturers struggle with ‘blackouts’, rising producer prices in mainland China
3 Jun 2021 - 10:11PM
US-China economic talks put spotlight on yuan exchange rate as currency continues to surge

The strength of the yuan is likely to renew attention on how China manages its exchange rate amid negotiations with the United States, analysts say.

The strength of the yuan is likely to renew attention on how China manages its exchange rate amid negotiations with the United States, analysts say.

US-China economic talks put spotlight on yuan exchange rate as currency continues to surge
3 Jun 2021 - 9:57AM