Thursday, March 4, 2021
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Tag: Yuan

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...

Sustained RMB Rise Expected Despite Fed Flagging Rate Hike

China Merchant Securities expects continued appreciation of the RMB despite the US Federal Reserve flagging a gradual rise in interest rates. The minutes of the US central bank May 2...

Chinese Yuan Hits Three Month High Against the Greenback

The Chinese currency hit a three month high against the US dollar on 17 May. The median quote for Chinese yuan on Wednesday was 6.8635 to the...

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...

One Belt One Road Will Spur RMB Internationalisation: PBOC Head

The head of the Chinese central bank has highlighted the key role that the One Belt One Road initiative will play in advancing internationalisation of the RMB. In...

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Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...

Shenzhen Launches China’s First Personal Bankruptcy System

The southern Chinese tech hub of Shenzhen has just launched China's first system for the application and processing of personal bankruptcies.