Currencies
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.
Debt sale to keep RMB on even keel2018-11-01
Monetary authorities in China stepped up their efforts on Wednesday to bolster the supply and trade of renminbi in offshore markets amid sell-off concerns and growing trade friction.
Chinese renminbi, Philippine peso trading platform formally launched2018-10-31
The Bank of China Manila Branch, together with 13 Philippine biggest banks, jointly ratified the launch of the Philippine Renminbi (RMB) Trading Community, a platform aimed to enhance the trading and monetary transactions between the two countries.
Experts: RMB float to ease risks2018-10-31
Allowing the renminbi exchange rate to float more freely could be a wise choice for China, against the backdrop of trade conflicts and economic downside risks, according to experts.
China able to ensure stability of yuan: central bank2018-10-29
China's central bank official said Friday that the country has the foundation, capability and confidence to keep the yuan's exchange rate basically stable at a reasonable and balanced level.
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