RMB

Economy Will Remain Stable Despite Downturn Pressures, November Yicai Chief Economists’ Survey Shows

Economy Will Remain Stable Despite Downturn Pressures, November Yicai Chief Economists’ Survey Shows

More than 80 percent of the economists are optimistic about the Chinese economy in the coming month. Although they believe…

Dec 7, 2017
He Xiao
New Zealand’s Central Bank Raises Chinese Yuan’s Trade Weighted Index to 20.4%

New Zealand’s Central Bank Raises Chinese Yuan’s Trade Weighted Index to 20.4%

The Reserve Bank of New Zealand (RNBZ) released the annual assessment of the ‘Trade Weighted Index’ (TWI), in which the…

Dec 7, 2017
Xu Wei
Yuan Rises 5% Against Dollar This Year, Opening of New Round of Capital Inflows Expected

Yuan Rises 5% Against Dollar This Year, Opening of New Round of Capital Inflows Expected

The onshore yuan closed at 6.6037 against the US dollar as of 4:30 pm last Friday, again breaking through the…

Nov 27, 2017
Zhou Ailin
Declining Share of Yuan in Overseas Payments Not a Hinderance to Currency’s Internationalization, Xinhua Says

Declining Share of Yuan in Overseas Payments Not a Hinderance to Currency’s Internationalization, Xinhua Says

The market share of the Chinese Yuan used in international payments has declined compared to two years ago, data from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) show.

Nov 3, 2017
Xu Wei
Yuan Gains Popularity on Global market, Becomes Second Major Currency in Egypt

Yuan Gains Popularity on Global market, Becomes Second Major Currency in Egypt

The yuan has gained popularity as a common currency on the global market after its inclusion in the International Monetary…

Nov 1, 2017
Xu Wei
It’s Time to Internationalize Yuan, but Not to Tinker With Exchange Rate Mechanism, PBOC Counselor Says

It’s Time to Internationalize Yuan, but Not to Tinker With Exchange Rate Mechanism, PBOC Counselor Says

Now is a good time to push forward yuan internationalization, but the time is not ripe for reforming the exchange…

Sep 18, 2017
Tang Shihua
Marketization Will Be the Fundamental Direction of Forex, SAFE Official Says

Marketization Will Be the Fundamental Direction of Forex, SAFE Official Says

Marketization will be the fundamental direction of the foreign exchange market, the supply and demand-based exchange rate formation mechanism of…

Sep 13, 2017
Tang Shihua
PBOC Denies Issuing Notice to Branches, Alipay to Curb Cashless Promotions

PBOC Denies Issuing Notice to Branches, Alipay to Curb Cashless Promotions

China’s central bank denied reports it issued a notice to its branches and sub-branches advising them to curb the use…

Aug 11, 2017
Tang Shihua
IMF Ups China’s GDP Growth Forecast From 6.6% to 6.7%

IMF Ups China’s GDP Growth Forecast From 6.6% to 6.7%

The International Monetary Fund (IMF) has nudged up its forecast for growth of China’s gross domestic product this year…

Jun 15, 2017
Yicai Global
China Will Continue Implementing Prudent and Neutral Monetary Policy, PBOC Report says

China Will Continue Implementing Prudent and Neutral Monetary Policy, PBOC Report says

China will maintain consistency and stability through the continued implementation of the prudent and neutral monetary policy, per a first-quarter report released by the People's Bank of China (PBOC).

May 17, 2017
Yicai Global
Yuan Exchange Rate Appreciation Possible, PBOC Official Suggests

Yuan Exchange Rate Appreciation Possible, PBOC Official Suggests

The yuan exchange rate will not steeply devalue and may appreciate instead, since China had sound economic fundamentals and achieved…

May 17, 2017
Yicai Global