Saturday, October 24, 2020
Tags Exchange rate

Tag: Exchange rate

Beijing Expected to Bolster Yuan Before Visit by Trump

Currency strategists expect the People's Bank of China to push the Chinese yuan higher in the lead up to Donald Trump's visit to Beijing...

Central Bank Insiders Push for Greater Exchange Rate Flexibility

A new report from a leading Chinese think tank has called for the central bank to give the exchange rate greater latitude of movement. The...

RMB Central Parity Rate Against US Dollar Rises for Ninth Consecutive Trading Day

The Chinese yuan's central parity rate against the US dollar rose 42 basis points on 7 September to 6.5269, for the ninth consecutive trading...

Does PBOC Plan on Ratcheting the Yuan Band Wider?

Sources cited by Reuters claim that the China's central bank is mulling an expansion of the yuan's trading range following the 19th National Congress...

Is China’s Deleveraging Campaign Driving Up the Yuan?

The central government's ongoing deleveraging campaign as well as renewed efforts to stymie capital outflows could push the Chinese yuan higher in the second...

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...

Chinese Yuan Rises to 7 Month High Against Greenback

The Chinese yuan has risen for the sixth consecutive trading day against the US dollar to tap a 7 month high. The RMB-US middle rate...

We Have the Ability to Maintain China’s Financial Stability: Li Keqiang

The Chinese premier has reassured the head of the International Monetary Fund about China's ability to maintain the health and stability of its finance system. Premier Li...

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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...