The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

By adding one extra character, "serve the people" is transformed into "serve the renminbi." The parody strikes a chord with those who feel that officials are more concerned with accumulating ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...

Outstanding renminbi loans in the Hong Kong market reached 724 billion yuan ($99.32 billion) by the end of 2024, marking a 64 percent surge from 2023, the Hong Kong Monetary Authority said ...

With growing investor interest in ESG-compliant and green bonds, ADB plans to further expand its presence in local currency ...

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade war. The USD/CNY exchange rate rose to 7.2877, its highest level since ...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 96 pips to 7.1889 against the U.S.

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 18 pips to 7.1793 against the U.S.

Market Vectors Chinese Renminbi/USD ETN Trading Up 1.4 % The business has a 50-day moving average of $44.25 and a 200-day moving average of $44.25. Featured Stories ...

In response to the rising influence of U.S. dollar-pegged cryptocurrencies, a Chinese Communist Party-backed publication called on China to accelerate its stablecoin development and expand the ...