Tag

renminbi

A stronger currency makes imports cheaper, and aids China authorities’ long-term goal of internationalising the currency The renminbi…

On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT China’s renminbi climbed…

The agreements come amid a greater push from China to promote cross-border RMB settlement and other financial services DBS Bank was…

The clients include exporters, importers and some investors in overseas financial assets Chinese banks helped clients offload overseas…

The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…

The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…

South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…

CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as the US…

The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the…

CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars in Hong Kong to…

CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an accompanying…