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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
Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO
Fintech
CBNEditor
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October 23, 2020
0
Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...
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China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion
Economy
CBNEditor
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October 23, 2020
0
China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum
Economy
CBNEditor
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October 23, 2020
0
Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence
Fintech
CBNEditor
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October 23, 2020
0
A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...
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