Currencies
China confident of keeping yuan stable2019-08-06
China's central bank on Monday reiterated that it is confident in its capability of keeping the yuan's exchange rate basically stable after both the onshore and offshore yuan broke seven against the U.S. dollar.
RMB's value determined by market forces2019-05-30
China would rather rely on market-oriented forces to determine the renminbi's value than defend its currency by dipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.
BRI fuels yuan's internationalization2019-04-29
The Belt and Road Initiative (BRI) has fueled the yuan's internationalization, particularly in the past two to three years as work on related projects accelerated. In Southeast Asia where economic relations with China are closer than in other countries and regions the yuan usage is getting popular, one expert told the Global Times on Monday.
Chinese yuan's share of global currency reserves increases in Q4: IMF2019-04-01
The Chinese yuan's share of currency reserves increased to 1.89 percent in the fourth quarter of 2018, ranking the fifth among all allocated reserves, the International Monetary Fund (IMF) said Friday.
Chinese yuan hits six-month high in January2019-02-01
The central parity rate of the Chinese currency renminbi (the yuan) hit a six-month high against the U.S. dollar in January.
Sharp appreciation indicates bullish mood on Chinese currency2019-01-16
The Chinese currency yuan (CNY) strengthened to its best week in more than a decade as of Friday. Investors and analysts believed the U.S. Federal Reserve's cautious stance on monetary tightening and market optimism about global trade boosted the yuan while depressing the U.S. dollar (USD).
China to support offshore RMB market development in ASEAN region2019-01-16
China will support countries in the Association of Southeast Asian Nations (ASEAN) to set up offshore renminbi markets as part of a string of measures to facilitate cross-border financial innovation.
Chinese yuan strengthens slightly last week2019-01-02
China's yuan strengthened slightly against a basket of currencies last week, according to a China Foreign Exchange Trade System (CFETS) index.
Britain remains top in offshore RMB FX transactions: report2018-12-19
Britain retained its top place for offshore RMB foreign exchange (FX) transactions, a report named London RMB Business Quarterly said Tuesday.
UAE, Chinese banks to enhance RMB clearing2018-12-13
Officials from the Central Bank of United Arab Emirates (CBUAE), the Central Bank of China and the Agricultural Bank of China discussed in a workshop on Wednesday to improve the Renminbi (RMB) clearing in the UAE, state-run WAM news agency reported.
Yuan internationalization making steady progress2018-12-12
The Chinese currency renminbi (RMB), or the yuan, has taken solid steps in its internationalization thanks to the country's steady efforts to further integrate into the world economy.
China, Ukraine extend currency swap deal2018-12-11
The central banks of China and Ukraine have renewed a bilateral local currency swap agreement, the People's Bank of China (PBOC) said Monday.
EBRD sees global role for the yuan2018-11-15
The European Bank for Reconstruction and Development is interested in working with the Chinese monetary authority in developing local currency lending, backed by a further improved local capital market.
China, Britain extend currency swap deal2018-11-13
China's central bank said on Monday that it has renewed an agreement on a reciprocal currency swap scheme with the Bank of England.
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