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Chinese exchange rate
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Chinese exchange rate
Economy
IMF Says Yuan Is Fairly Valued, China Has Not Intervened in Forex Market
CBNEditor
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August 11, 2019
0
A new report from the International Monetary Fund (IMF) gainsays recent claims by the United States that that China is engaging in...
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Economy
Renminbi’s Share of Global Foreign Reserves Hits Record High
CBNEditor
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April 2, 2019
0
New data indicates that the Chinese renminbi's share of the official foreign reserves held by central banks around the world has risen...
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Banking
Foreign Reserves Will Suffer if Renminbi Falls Below Seven to the Greenback: PBOC Adviser
CBNEditor
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December 16, 2018
0
A senior adviser to the People's Bank of China (PBOC) says that the yuan should not be allowed to drop beneath the threshold of...
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Economy
RMB Expected to Remain Within 6.30 – 6.35 Range Until Next Fed Meeting
CBNEditor
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March 19, 2018
0
Chinese analysts expect the renminbi-USD exchange rate to remain within the 6.30 - 6.35 range following a recent string of rises. Data from the China...
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Most Read
China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy
Banking
CBNEditor
-
April 19, 2021
0
The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...
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Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations
Banking
CBNEditor
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April 19, 2021
0
The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...
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China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing
Fintech
CBNEditor
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April 19, 2021
0
Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...
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Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels
Banking
CBNEditor
-
April 19, 2021
0
The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...
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