Exchange Rate Reform in China
Chinese banks given RMB exchange freedom2014-07-03
China's State Administration of Foreign Exchange(SAFE)announced on Wednesday that it will allow banks to set their own exchange rates for the renminbi(RMB)against the U.S.dollar with clients.
Chinese yuan exchange rate in equilibrium: report2014-07-02
The exchange rate of the Chinese currency RMB, or yuan, is basically in equilibrium, said a report released on Wednesday by the International Finance Research Institute under the Bank of China, a major state-owned bank.
PBOC boss sheds light on yuan exchange rate2014-04-12
Zhou Xiaochuan, head of the People's Bank of China, shed new light on the central bank's policies on interest rate liberalization and the yuan's exchange rate in the latest Bo'ao Forum for Asia.
A step forward to marketize yuan's exchange rate2014-03-18
Further develop the foreign exchange market and financial products of foreign exchange, and help import and export enterprises and cross-border investment agencies to hedge the exchange rate risk and interest rate risk.
PBC nudges yuan into market orbit2014-03-17
The People's Bank of China(PBC), the country's central bank, announced late Friday that it will widen the yuan's floating range against the US dollar from 1 percent to 2 percent relative to a daily reference exchange rate as of Monday.
What comes after a more flexible yuan?2014-03-16
China loosened its grip on the yuan-dollar exchange rate on Saturday, widening the daily trading band to two percent from one, effective starting next Monday.
Yuan exchange rate's floating range widened2014-03-16
The People's Bank of China announced on Saturday that it will widen the daily trading band for the yuan against the US dollar to 2 percent from the official midpoint effective March.
RMB goes further on market-oriented course in 20142014-01-16
As China's total exports and imports surpassed 4 trillion U.S.dollars for the first time in 2013, recent rates of the Chinese currency Renminbi(RMB)against the dollar have hit a new record high.