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Hong Kong — China’s test bed for cryptocurrency as the industry is banned on the mainland — recently passed a law allowing licensed businesses to issue tokens backed by any fiat currency. But the ...
BEIJING, Aug. 6 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 43 pips to 7.1409 against the U.S. dollar Wednesday, according to the China Foreign Exchange ...
Some Chinese officials worry that the U.S.'s decision to embrace stablecoins through the Genius Act might reverse the trend ...
The renminbi has reached its strongest level in more than two years, signaling Chinese dominance in manufacturing and giving President-elect Joe Biden breathing room. By Alexandra Stevenson HONG ...
Since 2009, internationalizing the renminbi has been an explicit goal of Chinese policy. Beijing therefore celebrated the renminbi’s addition to the SDR basket as evidence that it was making real ...
The renminbi is the obvious candidate to take share away from the dollar, given the size of the Chinese economy and its role in global trade. But for various reasons, the currency isn’t suited ...
Everything you need to know about the renminbi. FECs, the difference between offshore & onshore renminbi, comments from Alastair Chan, Alan Cloete & Jim Rogers.
Despite all the excitement about China's yuan announcement, MarketBeat is pondering a more pedestrian question: Exactly what do you call the Chinese currency?: Yuan or Renminbi?
The U.K. will become the first Western government to issue renminbi-denominated sovereign debt, Chancellor George Osborne and Chinese Vice President Ma Kai jointly announced Friday. The bond will ...
The Debate Over Renminbi Policy Louis Gave January 21, 2016 One of the core tenets of Gavekal’s philosophy is that we embrace open debate. Rather than concealing the diversity of our analysis ...
The decision means that the renminbi, also known as the yuan, will join the U.S. dollar, the Japanese yen, the Euro and the British pound as one of the currencies that the IMF uses to denominate ...