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 ...

SHANGHAI] China held benchmark lending rates steady for the fifth straight month in March on Thursday (Mar 20), matching ...

PDD Holdings (PDD) on Thursday reported fourth-quarter results that rose year over year but the Chinese e-commerce platform's revenue fell short of market expectations. Adjusted earnings advanced to ...

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 ...

Trump’s threat of tariffs and China’s weak economy has led Wall Street to increase its bets against the renminbi. However, this is to be supported by China’s largest sale of offshore bills.

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 ...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 57 pips to 7.1754 against the U.S.

Shares of Market Vectors Chinese Renminbi/USD ETN (NYSEARCA:CNY – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $44. ...

Return of USD strength in the near term is likely to be the dominant factor impacting IDR in the near term. Although Indonesia is relatively less exposed to US tariff risk, escalation of tariff talks ...

Rather, the shift out of dollars has been in two directions: a quarter into the Chinese renminbi, and three quarters into the currencies of smaller countries that have played a more limited role as ...