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Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
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Geely Automobile Steps Toward Mainland China Listing; Hong Kong Shares Surge
Geely Automobile Holdings Ltd said its board has approved a preliminary proposal to list new renminbi shares on mainland China's Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday.
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US Designates China A 'Currency Manipulator' As Trade War Rages
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
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India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
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Xiaomi To Give Back To Users If Net Profit Margin Exceeds 5%
At present, the company has exceeded 100 billion Renminbi in annual revenue.
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China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
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No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
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IMF to Identify Holdings of China's Yuan in Reserves Surveys
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
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China 'Not going back' to Capital Controls
China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said.
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China's Renminbi Joins IMF Currency Basket: Why It Matters
Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system.
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Raghuram Rajan Says India Ahead of China On Some Dimensions
Dr Rajan said that internationalization of the rupee is a process and "we are taking steps to being a much more open economy."
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Yuan's Inclusion in SDR Basket May Lead to Devaluation: Raghuram Rajan
The IMF on Monday admitted the yuan, also known as the renminbi, into to its SDR basket, where it joins the dollar, euro, pound sterling and yen, in a key step for China's integration into the global financial market.
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China's Renminbi Joins Elite Club of Currencies
The move will help pave the way for broader use of the renminbi in trade and finance, securing Chinas standing as a global economic power.
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China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
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China Issues First Offshore Renminbi Note in London
China's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the UK as the world's second largest economy ramps up efforts to popularise its currency.
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Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
-
Geely Automobile Steps Toward Mainland China Listing; Hong Kong Shares Surge
Geely Automobile Holdings Ltd said its board has approved a preliminary proposal to list new renminbi shares on mainland China's Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday.
-
US Designates China A 'Currency Manipulator' As Trade War Rages
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
-
India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
-
Xiaomi To Give Back To Users If Net Profit Margin Exceeds 5%
At present, the company has exceeded 100 billion Renminbi in annual revenue.
-
China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
-
No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
-
IMF to Identify Holdings of China's Yuan in Reserves Surveys
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
-
China 'Not going back' to Capital Controls
China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said.
-
China's Renminbi Joins IMF Currency Basket: Why It Matters
Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system.
-
Raghuram Rajan Says India Ahead of China On Some Dimensions
Dr Rajan said that internationalization of the rupee is a process and "we are taking steps to being a much more open economy."
-
Yuan's Inclusion in SDR Basket May Lead to Devaluation: Raghuram Rajan
The IMF on Monday admitted the yuan, also known as the renminbi, into to its SDR basket, where it joins the dollar, euro, pound sterling and yen, in a key step for China's integration into the global financial market.
-
China's Renminbi Joins Elite Club of Currencies
The move will help pave the way for broader use of the renminbi in trade and finance, securing Chinas standing as a global economic power.
-
China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
-
China Issues First Offshore Renminbi Note in London
China's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the UK as the world's second largest economy ramps up efforts to popularise its currency.
