Tuesday, April 20, 2021
Tags Chinese exchange rate

Tag: Chinese exchange rate

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

A new report from the International Monetary Fund (IMF) gainsays recent claims by the United States that that China is engaging in...

Renminbi’s Share of Global Foreign Reserves Hits Record High

New data indicates that the Chinese renminbi's share of the official foreign reserves held by central banks around the world has risen...

Foreign Reserves Will Suffer if Renminbi Falls Below Seven to the Greenback: PBOC Adviser

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...

RMB Expected to Remain Within 6.30 – 6.35 Range Until Next Fed Meeting

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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China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

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...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...