The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

By adding one extra character, "serve the people" is transformed into "serve the renminbi." The parody strikes a chord with those who feel that officials are more concerned with accumulating ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...

With growing investor interest in ESG-compliant and green bonds, ADB plans to further expand its presence in local currency ...

Outstanding renminbi loans in the Hong Kong market reached 724 billion yuan ($99.32 billion) by the end of 2024, marking a 64 percent surge from 2023, the Hong Kong Monetary Authority said ...

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade war. The USD/CNY exchange rate rose to 7.2877, its highest level since ...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 96 pips to 7.1889 against the U.S.

China's yuan ended the domestic session at a near one-month low against the dollar on Wednesday, as markets held their breath for U.S. President Donald Trump's announcement of tariff plans due later ...

In response to the rising influence of U.S. dollar-pegged cryptocurrencies, a Chinese Communist Party-backed publication ...

Rather, the shift out of dollars has been in two directions: a quarter into the Chinese renminbi, and three quarters into the currencies of smaller countries that have played a more limited role as ...