Monday, January 25, 2021
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...

Most Read

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...