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 ...

In the past, the Middle East and Asia had significant current account surpluses by exporting a large amount of oil and ...

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 ...

The Secretary for Financial Services and the Treasury, Christopher Hui, says the administration is working to make renminbi ...

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 ...

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 ...

For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...

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 ...

Thomas Ruecker / Getty Images The term “Chinese yuan renminbi (CNY)” refers to the currency used in the People’s Republic of China. Although it may seem a little confusing because the names ...

It is a signal he is open to heading off a brewing trade fight between Washington and Beijing. Read more at straitstimes.com.

The US froze Russia’s dollar assets in 2022 and stunned global holders of US bonds as forex reserves. But the world is stuck ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The renminbi weakened and Chinese stocks fell after US President Donald Trump said he could impose a 10 per ...