Saturday, October 24, 2020
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...

Most Read

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...