Tag: Yuan
YuanChina allows wider flotation margin for the Yuan against the US dollar
China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.
US calls for appreciation of the Yuan but falls short of labelling China a currency manipulator
United States announced it will press for further appreciation of the Yuan arguing the currency is undervalued, while declining to brand China a manipulator of its exchange rate.
China securities commission exposes biggest-ever case of stocks’ manipulation
China Security Regulatory Commission exposed its biggest-ever case of stock market manipulation in a show of strength by the new securities regulator, who has vowed to crack down on rampant illegal trading.
China changes policy: eases credit and lowers bank reserves ratio
China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.
For Latam the role of the Yuan as an international currency is “inevitable”
The role of the Yuan as an international currency is “inevitable” and it is most feasible that Latin American countries will begin accumulating foreign exchange reserves in that currency forecasted an Argentine expert in foreign relations.
China and UK to develop offshore trading hub for the Yuan in London
China and the UK are to develop an offshore trading hub for the Yuan based in London. UK Chancellor George Osborne confirmed the agreement after meeting with Chinese vice-premier Wang Qishan in London.
China’s surplus highest in two years, but export growth rate expected to slow
China’s trade surplus surged to 31.5 billion dollars in July, the highest level in more than two years, as exports rose to a record. Exports climbed 20.4% from a year earlier while imports surged 22.9%, the Customs bureau said on its website Wednesday.
Spending spree of local governments reflects in Chinese banks bad debts
Bad debts held by local governments in China are a far bigger problem than first estimated, credit ratings agency Moody’s warned on Wednesday.
China hikes bank reserves to contain inflation; food costs up 11.7% in May
China's central bank raised bank reserve ratios on Tuesday for the ninth time since October to try to curb inflation, which is running at its fastest pace in almost three years.
China: Yuan at record high against US dollar; Power shortage and higher prices
China's Yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the Yuan's mid-point at 6.4856 against the US dollar on Monday.
