Chinese state bank have been consistently accumulating foreign assets.  The direction of pressure on China's currency has changed; without backdoor intervention it would now be getting stronger.

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the ...

Emerging market currencies are softer except for central Europe, the Chinese yuan, and the Mexican peso. Click to read.

Imagine opening your digital wallet not to see a bank card or a third-party app like Alipay, but official government-issued ...

Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade ...

Use our currency converter to find the live exchange rate between SGD and CNY. Convert Singapore Dollar to Chinese Yuan ...

Between the first quarter of 2022 and the second quarter of 2024, dollar-denominated loans to emerging Asian economies declined 16%, due to Chinese banks increasingly shifting to yuan-denominated ...

USD/ CNY recovered from one week low on Tuesday as yuan weakened after mixed Chinese economic data. Chinas economy slowed ...

Authors, including the PBOC’s former statistics head, call for ‘a new vision where multiple currencies jointly support global ...

The People’s Bank of China (PBOC) has reportedly reached out to financial institutions in recent days to assess market ...

They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global ...

Economists told Newsweek that the decline is due to a confluence of factors, and a broad downgrade in America's economic ...