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Chinese Yuan news

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China's yuan holds steady as corporates cling to dollar
Use of the renminbi also continues to rise, accounting for 11.2 percent of total payments between China and the rest of the world, state news agency Xinhua reported on Wednesday, citing Belgium-based global payment services company SWIFT.
Chinese yuan nearly flat after APEC summit
Spot yuan traded at 6.1270 per dollar by midday, almost unchanged from the close on Wednesday when it touched a three-week low right after APEC ended.
John Ivison: Stephen Harper to announce Toronto-based yuan trading hub ...
Stephen Harper is set to announce that Canada has landed a Chinese currency trading hub that should boost exports to Asia, when he visits Beijing this Saturday.
Ottawa, Beijing strike deal on yuan trading hub
Stephen Harper kicks off China trip with focus on economic issues  Toronto Star
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Frankfurt Open for Yuan Clearing as Liquidity Rises
Frankfurt, which is seeking to corner a share of the burgeoning offshore yuan market, has set the ball rolling with the first clearing of transactions in the Chinese currency. Bank of China Ltd., chosen by the People's Bank of China in June to clear ...
China grants Australia 50bn yuan RQFII quota  The Australian
Sydney Yuan Hub Seen Saving Importers 7% in Trading: Currencies  Businessweek
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Chinese yuan strengthens to 6.1390 against USD
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
China's ICBC to set up offshore yuan center in Los Angeles
The United States has lagged other markets in seeking to set up offshore yuan trading hubs because the U.S. dollar remains the world's dominant currency and U.S. firms are reluctant to accept the yuan, a Chinese bank executive said. Beijing wants to ...
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Hong Kong Scraps Yuan-Conversion Limit Due to Stock Link
Hong Kong is scrapping a daily limit on the amount of yuan residents can buy, helping reinforce its dominance as an offshore trading center for Chinese assets as Shanghai's stock market opens to the city's investors. The 20,000 yuan ($3,265) conversion ...
Hong Kong to scrap daily yuan conversion limit to boost stock investment  Reuters
Hong Kong Yuan Savings Rate Doubles on Stock Link: China Credit  Businessweek
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Chinese Yuan Rises To 6-day High Against US Dollar
If the yuan extends its uptrend, it is likely to find resistance around the 6.10 area. The People Bank of China set today's central parity rate for yuan at 6.1397 per dollar, compared to Tuesday's reference rate of 6.1430. The central bank sets the ...
Chinese yuan strengthens to 6.1397 against USD  Shanghai Daily (subscription)
China's yuan rises to 1-week high, outlook cautious  Economic Times
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What does an RMB trading hub mean for Canada?
�What this is, hopefully, is a wakeup call to Canadian business to do more trade with China,� said Jason Henderson, head of global banking for HSBC Canada.
Yuan trading hub deal sets Canadian banks racing for the advantage  Financial Post
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Taiwan's Chinese yuan deposit remittances hit high in October
18 (CNA) Chinese yuan-dominated remittances through the local banking system in Taiwan in October hit a new high since the local central bank lifted a ban to allow local banks to conduct yuan transactions in February 2013.
Offshore Yuan Demand Up as New Hong Kong Rule, Stock-Trading Link Rolled ...  Wall Street Journal (blog)
Hong Kong Investors Pour Into Shanghai  Forbes
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