web analytics
Thursday, November 26, 2020
Tags Chinese yuan

Tag: Chinese yuan

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...

HSBC Becomes First Global Bank to Remit Offshore Renminbi Back to China

Beijing is driving further internationalisation of the renminbi, with HSBC emerging as the first international bank to remit the currency back to China from...

Central Bank Says It Will Cement Hong Kong’s Position as RMB Hub

People's Bank of China vice-governor Fan Yifei (范一飞) said that the central bank will help Hong Kong to further consolidate its position as a hub...

Renminbi Reference Rate Rises 169 Points Against the Dollar

The Chinese yuan rose 169 points against the greenback on 29 January, with the reference rate hitting 6.3267 per US dollar. According to domestic analysts...

German Central Bank Will Add Chinese Yuan to Its Foreign Reserves

Internationalisation of the Chinese yuan may have taken a major step forward following reports that the German central bank will include the currency in...

Rising Yuan Provides Outstanding Conditions for RMB Internationalisation

The offshore Chinese yuan has risen to its highest level in 20 months, providing the People's Bank of China with opportune conditions for firming...

Renminbi Pierces 6.5 Threshold, Hits 18 Month High

The central parity rate of the Chinese yuan has risen to 6.492 against the US dollar on 3 January according to figures from the...

Trump Tax Cuts Will Spur Capital Outflows, Pressure Renminbi: Shenwan Hongyuan

Li Huiyong (李慧勇), chief macro-economist of Shenwan Hongyuan Securities, says that the Trump administration's recently approved corporate tax cuts could have broad-ranging impacts upon...

Offshore RMB Rises to 9 Month High Against the Greenback

A languishing greenback has helped to push the offshore exchange rate for the Chinese yuan to a nine month high. On 1 August offshore RMB...

PBOC Governor Points to One Belt One Road as Spur for Financial Expansion

The chief of China's central bank said that the mammoth One Belt One Road initiative will play a key role in spurring the growth and...

Most Read

Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...