Analysts: Wait and see on RMB2017-06-22
Index provider MSCI's saying yes to China's A-share market might help boost the yuan's exchange rate in the short run, but market expectations in the long run depend on the country's economic fundamentals and its pace in the yuan's exchange rate reform, according to analysts.
China to launch 2nd phase of cross-border interbank payment system for RMB2017-06-22
The second phase of the Cross-border Interbank Payment System (CIPS) will be launched in Shanghai to promote the global use of the Chinese currency and the Belt and Road Initiative.
Chinese banks' net forex sales rise in May2017-06-19
Net foreign exchange (forex) sales by Chinese banks continued to rise in May but cross-border fund flows remained stable, China's forex regulator said Friday.
China's yuan funds for foreign exchange post milder drop in May2017-06-19
The central bank's yuan funds outstanding for foreign exchange continued to drop in May but the decline was milder than April, a sign of eased capital outflow pressure.
ECB gives boost to renminbi2017-06-16
The push to internationalize the renminbi moved up a gear following the announcement by the European Central Bank that it will diversify some of its foreign exchange reserves into the Chinese currency, pointing to growing confidence in the renminbi as a global reserve currency.
China's new yuan loans rise in May, M2 growth slows2017-06-15
China's new yuan loans continued to increase in May with money pouring into the real economy but M2 registered unexpectedly low growth.
New formula seen helping yuan to rise or stay stable2017-06-12
Encouraged by the resilient economy and the new yuan-dollar pricing formula, the Chinese currency might continue to rise, or remain stable, against the US dollar in the short-to medium-term, market analysts said.
Reforms, growth to drive up the yuan2017-06-08
Beijing's efforts to guide a stronger yuan have helped boost the currency, but only increased economic growth driven by sustained efforts to press ahead with reforms will be able to sustain this trend, according to analysts.
RMB use to grow in Belt, Road economies2017-06-07
China will expand the use of the renminbi in countries and regions related to the Belt and Road Initiative by improving cross-border payment and settlement facilities for the currency.
Won-yuan direct foreign exchange trading market works smoothly: S.Korea2017-06-02
The direct foreign exchange trading market between the currencies of China and South Korea has worked smoothly despite reduced trading volume for the first five months of this year, South Korea's central bank said Thursday.
China's yuan strengthens to 6-month high against USD2017-06-02
The Chinese currency continued to strengthen Thursday, hitting its strongest level against the U.S. dollar in more than six months, following news that the country was mulling a new yuan pricing formula to enhance stability.
RMB fine-tuning to ease selling pressure2017-06-02
The central bank's preemptive move to fine-tune the renminbi's pricing model will help ease the selling pressure facing the currency in the second half of the year, after helping push up the yuan on Thursday, analysts said.
Change in yuan rate calculation to ease 'herd effects'2017-05-27
China is considering introducing a "countercyclical factor" to adjust the way it calculates the yuan's daily reference rate against the dollar, according to a statement by the country's foreign exchange trading system on Friday. Analysts said the move will help prevent excessive fluctuation of the currency.
China central bank denies measures on dollar deposit2017-05-27
The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their U.S. dollars into the central bank.
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