Tuesday, May 18, 2021
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Tag: RMB

RMB Property Loans Up 24.2% YoY in June

Chinese property loans continue to expand at a robust rate despite easing growth since the start of 2017. The latest credit data from the Chinese...

RMB Internationalisation Gets Boost from European Central Bank

The European Central Bank's decision to swap some of its US dollar holdings for Chinese yuan could be a major milestone on the road...

RMB Rises to 11 Month High

The Chinese yuan has risen to an eleven month high following ongoing weakness in the US Dollar Index. The US Dollar Index has seen sizeable...

Central Bank Pushes for Internationalisation of RMB Via One Belt One Road

The Chinese central bank points out that there is still huge room for RMB transaction to expand amongst participants in Xi Jinping's much vaunted One Belt One Road...

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...

RMB Middle Rate Rises to Six Month High

A sizeable rise in the RMB middle rate against the US dollar has brought China's official currency to its highest levesl in half a...

Natixis Says Internationalization of RMB Regressing

Research from French investment bank Natixis claims that the internationalisation of the Chinese currency is moving backwards as a result of depreciatory pressure that commenced...

Onshore RMB Breaches 6.8 Against the Greenback

The onshore value of the Chinese yuan has risen to a six month high against the US dollar at the outset of June. On the morning of...

Will China Change Its Pricing Model for the Renminbi?

The Chinese government is mulling a pivotal adjustment to the models that it uses to determine the Renminbi's central parity rate against the greenback, with a...

WSJ Claims China Has Re-pegged Yuan to the Dollar

A report by the Wall Street Journal claims that China has unofficially re-pegged its official currency to the US greenback following the election of President Trump. According...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...