The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 35 pips to 7.1956 against the U.S.

Asia United Bank (AUB) said it is benefiting from the increasing acceptance of the Chinese renminbi (RMB) in cross-border ...

Wang Yilin, a former chairman of state-owned China National Petroleum Corp (CNPC), was sentenced to 13 years in prison for ...

Tencent Music Entertainment exceeded analysts' expectations for first-quarter revenue on Tuesday, driven by growth in ...

Expand your grid immediately - or risk blackouts,” - Sir Michael Every, Rabobank. Pound Sterling was ‘standing to’ on Tuesday after the Chinese Renminbi seemingly sought to prevent the Graceful and ...

Market reaction to the possibility of some goods being exempt was swift, with the offshore renminbi flipping to a slight gain of 7.2857 per dollar, erasing April 25 morning’s losses of as much ...

In 2024, total cross-border renminbi receipts and payments in Shanghai reached 29.8 trillion yuan ($4.1 trillion), marking a 30 percent year-on-year increase and accounting for 47 percent of the ...

“Recent renminbi devaluation under the short- to medium-term impact of the trade war will affect mainland homebuyers in Hong Kong negatively,” said Ryan Ip Man-ki, the think tank’s vice ...

CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as the US dollar’s global allure dimmed and Sino-US trade tensions ...

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Despite facing a substantial external demand gap caused by US tariffs ...

[HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even as the US dollar weakens. The ...