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Chinese Yuan news

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China's Yuan as a Rival to the US Dollar? It's Closer Than You Think
American strategic economic leadership, to an unappreciated extent, rests on the central role the dollar plays in the global financial system, as the latest Capital Account column argues.
Qatar launches first Chinese yuan clearing hub in Middle East
Chinese yuan forward contracts hit 3-month peak as depreciation fears recede  South China Morning Post (subscription)
Momentum Builds to Label Chinese Yuan a Reserve Currency
China is gaining support from key U.S. allies in its push to gain reserve-currency status for the yuan, but opposition from the Obama administration threatens to upend Beijing's bid to flex more muscle in the global economy.
China knocking on door of IMF's major league, US wavers  Reuters
Latest from Iran  Press TV
Use of China's Yuan as Global Payment Currency Falls
China suffered a second setback in as many weeks in its drive to boost the use of its currency abroad, even as the country steps up efforts to open up its capital account.
Fall in use of Chinese yuan for international payments  Treasury Insider
China yuan falls to seventh place in global payment rankings: SWIFT  Economic Times
China says to accelerate reforms to support yuan in IMF currency basket - Xinhua
SHANGHAI (Reuters) - China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country's currency to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as Special Drawing Rights ...
China's yuan may join elite money club this year
LOS ANGELES (MarketWatch) - In what would be a huge milestone in China's emergence as a major world financial power, the International Monetary Fund looks likely to adopt the country's currency into the basket that makes up its global forex benchmark.
Why China Wants Yuan to Be the World's 5th Reserve Currency  Bloomberg
Why China won't give up control over yuan  CNBC
China seeks role for yuan in AIIB to extend currency's global reach
The efforts are part of a drive to internationalise the Chinese currency and come as the International Monetary Fund prepares to discuss the possible inclusion of the yuan as its fifth reserve currency and as part of the basket that forms the IMF's ...
World Bank, IMF: will work with AIIB  Chinadaily USA
China-led bank to be transparent  AsiaOne
Jack Lew: China's currency is not ready for prime time
U.S. Treasury Secretary Jack Lew said Tuesday that China's yuan is not yet ready to join an elite grouping of currencies used by the International Monetary Fund.
China lobbies US to include yuan in IMF's reserve assets  South China Morning Post (subscription)
China not quite ready for IMF currency basket, US says  Daily Mail
BRIEF-China Life Insurance posts premium income at about 153.4 bln yuan in Q1
Further company coverage: ($1 = 6.1943 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms). Dianomi (?) Sponsored Financial Content.
Trading hub for Chinese currency opens for business in Toronto
Canada's financial services industry, including banks, insurers and the TMX Group, lobbied hard for nearly two years to win the designation, recognizing the opportunity to get on the ground floor as China moves to globalize its once isolated currency ...
Canada, China to launch North America's first yuan hub
The U.S. Is Lagging Behind Other Countries When It Comes To Embracing ...  Forbes
Chinese Yuan Slides To More Than 2-week Low Against US Dollar
Against the greenback, the yuan fell to more than a 2-week low of 6.2161 from an early high of 6.2073. At Friday's close, the yuan was trading at 6.2085 against the greenback. If the yuan extends its downtrend, it is likely to find support around the 6 ...