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Chinese Yuan news

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China's Ambitious Plan to Make the Yuan the World's Go-To Currency
China's long-held desire to provide an alternative to the U.S. dollar will get a boost on October 1, when the yuan enters the International Monetary Fund's basket of reserve currencies, placing it alongside the pound, euro, yen and dollar. The yuan's ...
China's yuan listless, boost from SDR inclusion may be fleeting  Business Recorder (press release) (registration) (blog)
IMF to make yuan fifth currency in Special Drawing Rights basket  The Australian
Donald Trump Charges China With Yuan Manipulation—Again
HONG KONG— Donald Trump accused China of devaluing its currency in the opening minutes of the first U.S. presidential debate—adding fresh spice to an old debate: Does China gain an unfair trade advantage by manipulating the yuan? Mr. Trump's ...
Why Trump Is Right About China  Forbes
Donald Trump And The Manipulated Yuan  ValueWalk
Chinese Yuan underperformance not yet over
Chinese yuan is expected to weaken gradually against its trade-weighted peers over the coming months, said BMI Research. It added that financial instability risks, notably from smaller Chinese banks, and a continued economic slowdown due to structural ...
London Easily Europe's Largest Chinese Yuan (RMB) Clearing Centre, But Could ...
SWIFT have been tracking the progress of the Chinese Yuan's internationalisation since 2011. The most recent clearing centre appointed by Chinese authorities was Switzerland in November 2015, bringing the total to 19 RMB clearing centres globally.
IMF eyes more China yuan transparency with reserve currency move
The yuan will enter the basket at a weighting of 10.92 percent, the dollar will stay relatively unchanged at 41.73 percent, while the euro, yen and pound will all receive lower weightings.. Tiwari said that going forward, the IMF expects that Chinese ...
US Clearing Center Is China's Latest Move to Make Yuan Global Currency
China this week established the first clearing center for the Chinese yuan, or RMB, in the United States. The move is seen by some as a signal China wants to take on the dollar on its home turf.
China's yuan heads for global currency status  Xinhua
China's Market News: Chinese Yuan, Stock Index Flat Ahead of FOMC
This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China's foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language ...
China's Yuan Awaits Pride of Place With Dollar, Rome's Aureus
But decades of isolation from the world economy under Mao Zedong and rigid capital controls in place since China's opening began in the late 1970's mean China begins its push for a globalized currency from square one. The yuan is estimated at less than ...
Donald Trump Is a Few Years Behind on the China Currency Problem  Wall Street Journal (blog)
China's yuan firms on banks' dollar sales  Business Recorder (press release) (registration) (blog)
Chinese yuan remains flat despite stronger reference rate
The People's Bank of China on Tuesday set the yuan reference point against the US dollar at 6.6726, 182 basis points, or 0.27 per cent, stronger than on Monday.
China's yuan ends firmer, denies it is stabilising currency  Daily Mail
China yuan firm on higher PBOC fix, traders wary before holidays  Reuters
Writing China: The Limits of the Yuan's Global Rise
On Oct. 1, the Chinese yuan will join the International Monetary Fund's basket of elite reserve currencies, a milestone in Beijing's efforts to promote the yuan's global profile.
China state banks seen selling dollars to steady yuan  Economic Times
China's yuan firms, supported by surging costs of borrowing in Hong Kong  Business Recorder (press release) (registration) (blog)