Yuan to steadily become convertible on capital account: central bank2017-03-28
China will steadily liberalize the yuan's use on the capital account, which makes the currency convertible for investment purposes, as part of the country's strategy to make the yuan a global currency, the central bank said on Monday.
2 financial companies of Nepal to issue yuan-based travel cards2017-03-21
Smart Choice Technologies (SCT) Private Limited, the largest electronic payments network in Nepal, and Himalayan Bank Limited (HBL), a leading commercial bank of the country, plan to issue yuan-based pre-paid UnionPay travel cards.
Chinese banks' net forex sales drop further in February2017-03-17
Net foreign exchange sales by Chinese banks continued to drop in February signaling a let-up of capital outflow, official data showed Thursday.
Kenyan banks urged to embrace Chinese yuan2017-03-14
Kenya's umbrella body of the banking industry is encouraging its members to embrace the Chinese yuan due to the increasing importance of the Chinese economy globally, officials said on Monday.
Renminbi not to stall on road to being market-based2017-03-13
For those who assert that China artificially devalues its currency to gain a trade advantage, the kindest interpretation is they are out of date and need to get a grasp on reality.
Yuan stable in February, more flexible in future2017-03-09
The Chinese yuan remained stable against a basket of currencies in February and more flexibility will be seen in its exchange rate, a central bank affiliate said Wednesday.
Forex reserves rise above $3 trillion2017-03-07
China's foreign exchange reserves rose above the $3 trillion mark in February again, the first rise in eight months thanks to an improving export situation and slowing capital outflows.
China to keep yuan stable in global monetary system2017-03-06
China will continue market-oriented reform in the RMB exchange rate mechanism and maintain the currency's stable position in the global monetary system in 2017, according to a government work report available to the media Sunday ahead of the annual parliamentary session.
China injects 393.5 bln yuan liquidity into market via MLF in Feb.2017-03-02
China's central bank on Wednesday announced lending worth 393.5 billion yuan (57.2 billion U.S. dollars) in February via the medium-term lending facility (MLF) to keep liquidity basically stable.
China cracks down on illegal forex trade2017-03-01
China's foreign exchange regulator said Monday that it had recently uncovered a number of illegal forex trade cases, and vowed to step up market regulation this year.
Central bank injects more money into market2017-02-21
China's central bank made a net cash injection via open market operations for the third consecutive day Monday in an effort to ease a cash strain.
China's waning forex reserve worries unwarranted: PBOC advisors2017-02-20
China's diminishing forex reserve, now below the closely-watched 3 trillion U.S. dollar mark, has triggered market concerns, but two advisors to the Chinese central bank believe that such worries are overblown.
Chinese banks' net forex sales drop in January2017-02-20
Net foreign exchange sales in Chinese banks dropped last month, indicating eased capital outflows, new data showed Friday.
HKEX to launch 1st RMB currency options in March2017-02-20
The Hong Kong Exchanges and Clearing Limited(HKEX)will introduce its planned Renminbi(RMB)currency options on March.
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