BEIJING, Oct. 22 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 241 pips to 7.1223 against the U.S. dollar Tuesday, according to the China Foreign Exchange ...
That said, just as the physical renminbi has specific cross-border applications, so does the digital yuan. The e-CNY may be able to boost global wholesale use of China’s currency. Consider the e ...
The China renminbi held steady against the US dollar after the country published the latest GDP, industrial production, and ...
China's central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, ...
The People's Bank of China's 2024 report on the internalization of RMB reported that cross-border RMB payments and receipts ...
In the current financial landscape, characterized by shifting market sentiments and evolving economic indicators, the ...
Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.
PDD Holdings PDD shares have appreciated 66.9% in the past month, outperforming the industry’s rally of 12.3% and the S&P 500 ...
Analysts said Beijing was also likely to keep a tight grip on the currency through a US election that could drastically alter the dollar’s path, if voters back Donald Trump’s policies of high tariffs ...
JD.com (JD) stock price has staged a strong comeback, as I predicted in August. It soared to a high of $47.78 this month, its ...
Tencent Music Entertainment's new Super VIP plan is expected to enhance ARPPU and revenue. Learn why I rate a buy for TME ...
A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. [Photo/Xinhua] BEIJING -- The renminbi (RMB) has been used more frequently in cross-border trade in ...