China hurries to shore up sliding yuan and stock markets
2 days ago · The People's Bank of China could issue more yuan bills in Hong Kong in January, state-owned news outlet Yicai reported on Monday, in a sign authorities want to absorb currency to dampen speculation.
China’s Widest-Ever Yield Discount to US Pressures Sluggish Yuan
1 day ago · Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
Offshore Yuan Borrowing Costs Surge as Currency Support in Focus
1 day ago · Yuan funding costs in Hong Kong surged to levels unseen in years, signaling concern that Beijing’s efforts to stabilize the currency may lead to tighter liquidity in the offshore market.
China Maintains Grip on Yuan With Fix Stronger Than 7.2 Level
2 days ago · China reaffirmed its support for the yuan after the currency’s slide last week fanned speculation policymakers would allow it to depreciate faster.. The People’s Bank of China set its daily ...
China currency: Yuan - South China Morning Post
Nov 18, 2024 · Latest news on the Chinese yuan, also known as the renminbi, including the impact of the US-China trade war on the Chinese Communist Party's currency policies.
Exclusive: Chinese authorities are considering a weaker yuan as …
Dec 11, 2024 · The yuan, or renminbi (RMB) as it is sometimes known, has struggled since 2022, weighed down by an anaemic economy and a drop in foreign capital inflows into China's markets.
Cash is leaving China again, pressuring yuan | Reuters
Jun 21, 2024 · A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and...
Chinese yuan hits strongest level against dollar in over 16 months …
Sep 25, 2024 · China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan...
China’s yuan hits 16-month low despite firmer guidance - Gulf …
2 days ago · On Monday, the onshore yuan fell to a trough of 7.3286 per dollar, the softest since September 2023. It last traded at 7.3282 around midday. Its offshore counterpart followed the weakening trend to hit a low of 7.3640 per dollar before trading at 7.3564 around midday.
PBOC Offers Strongest Yuan Support Since July After Dollar Gains
Dec 19, 2024 · That sent the offshore yuan 0.2% higher. The move is a sign authorities are ramping up support for the yuan in the face of the dollar’s resilience and growing expectations that China will...
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