China pledges to push forward with currency reform after US accusations2014-04-16
China said on Wednesday that it will push forward with reform of its renminbi exchange rate mechanism after the United States criticized Beijing for keeping its currency weak.

Don't 'read too much into' yuan fluctuation: Spokesman2014-03-19
Spokesman for the Chinese Ministry of Commerce said on Tuesday that people should not hype the recent downward movement in the value of the Renminbi, or the yuan, against the U.S. dollar.

Yuan slips to 11-month low while trading band doubled2014-03-18
The yuan yesterday tumbled to an 11-month low after the Chinese central bank doubled the currency's permitted trading band as it continues to relax its control over the exchange rate.

Yuan maintains its strength in the future2014-03-03
No cause for alarm, free-market exchange rates fluctuate. Recent weakness in the yuan is viewed as a natural step in the evolution toward becoming a world reserve currency.

Cross-border yuan payment service launched in Shanghai2014-02-20
China has launched yuan-denominated cross-border payment services in its first free trade zone (FTZ), the central bank said, in an effort to facilitate trade and further internationalization of the Chinese currency.

Pay in yuan allowed for overseas e-commerce2014-02-19
Domestic consumers will be able to pay in yuan when they shop on foreign e-commerce websites because China yesterday allowed third-party online payment platforms to handle cross-border settlement in yuan.

China sees surplus of capital inflow2014-02-08
China yesterday reported a surplus in both its current and capital accounts last year as the country attracted foreign capital amid global economic uncertainties.

Cities vying to become new offshore RMB center2014-01-15
There are reportedly 10 cities around the world competing to become an offshore renminbi center, and the growing rivalry has led to a Hong Kong official's call for the Chinese mainland to further relax trading rules for the currency in the Special Administrative Zone.

RMB likely to continue rising in 2014: Expert2014-01-02
The People's Bank of China (PBOC) raised the reference rate for the renminbi in exchange for the greenback to 6.1 on the last day of 2013, which is a new high since the country's exchange rate reform in 2005.

Shanghai FTZ poised to lure yuan for gold2013-12-06
The Shanghai Gold Exchange plans to launch an international board in the pilot free trade zone to attract offshore yuan capital to invest in the Chinese mainland's gold market, a senior official said yesterday.

Chinese yuan becomes 2nd most used currency for trade finance2013-12-04
The yuan overtook the euro to become the second most used currency in global trade finance in October, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said yesterday.

China sees overseas capital inflow amid confidence in its reforms2013-11-13
As quantitative easing continues in developed countries and as foreign markets hold growing expectations of reforms in China, investors' interest in the US market has dropped and a large amount of capital is now rapidly flowing to China.

China-UK currency deal boosts yuan's global use2013-10-16
China and Britain yesterday agreed to open more investment channels and direct trading between the two currencies as London works to consolidate its status as the leading financial hub.

Yuan climbs to 19-year record against dollar2013-10-15
The yuan appreciated to a 19-year record of 6.1073 against the US dollar yesterday after the Chinese central bank set a record reference rate as risks for a default mount in the US.