US Dollar (USD) is expected to trade between 7.2300 and 7.2580 vs Chinese Yuan (CNH). In the longer run, to continue to decline, USD must break and remain below 7.2300, UOB Group’s FX analysts ...

US Dollar (USD) is likely to trade in a range between 7.2500 and 7.2780 vs the Chinese Yuan (CNH). In the longer run, increase in momentum suggests USD could decline to the major support at 7.2300 ...

Since the late 2000s, China has tried to accelerate internationalization of its domestic RMB with policy measures such as dim sum bonds. Dim sum bonds are bonds issued in foreign countries but ...

The Chinese Yuan offshore exchange rate (USD/CNH) broke ¥6.55 on Friday as the onshore rate (USD/CNY) dropped to the lowest level in four and half years. The PBOC is continuing to gradually guide ...

China has decided to raise its poverty line to RMB 2,300 yuan (approximately USD 360) per capita annual income; the population below the poverty line will be raised from 26.88 million to 130 million ...

RMB believed the tender offer price of 2,300 yen per share was unfairly low and requested the Court to revise the price. As a result, ...

Israel, whose foreign currency reserves have traditionally been made up of Dollars, Euros and British Pounds, will add four new currencies – including the Chinese Yuan (RMB).

RMB displaces USD as Asian reference currency; new currency bloc emerges. The RMB has become the dominant reference currency in east Asia, eclipsing the USD and the EUR, according to a ...

During 11.11, Douyin did 18.7 billion RMB or $2.8 billion USD in sales, the majority of which came from live streaming. This is an incredible achievement for a mobile video app and is further ...

Update: The story was updated with tentative bond value. E-commerce giant Alibaba (NYSE:BABA) to offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes ...

HONG KONG, Jan. 18, 2022 /PRNewswire/ -- On 16 January, the globalized social networking company Newborn Town (9911.HK) announced its unaudited operating data and revenue information of 2021. For ...