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People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.
Malaysian Prime Minister Anwar Ibrahim said Xi Jinping welcomed discussion on reviving a decades-old idea for the establishment of an Asian monetary fund during a meeting in Beijing last month.
HSBC’s move to keep its prime rate unchanged was followed by its subsidiary Hang Seng Bank, crosstown rivals Standard Chartered and Bank of China (Hong Kong). Analysts said this will have a positive impact on Hong Kong’s property sector and economy.