Monday, January 25, 2021
Tags Chinese exchange rate

Tag: Chinese exchange rate

Economy

IMF Says Yuan Is Fairly Valued, China Has Not Intervened in Forex Market

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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

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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

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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

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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

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

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Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...
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Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

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The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
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Chinese Banks See Net Profits Decline 1.8% in 2020

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China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

Fintech CBNEditor - 0
A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...
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