China Lets Hong Kong Buy Yuan Assets

China granted the Hong Kong Monetary Authority a license to invest in yuan stocks and bonds, giving the city’s central bank the opportunity to diversify its $266 billion in reserves. The China Securities Regulatory Commission included the HKMA in its Qualified Foreign Institutional Investor scheme in October, according to a statement posted on the regulator’s [...]

Yuan Forwards Rise as Central Bank Signals Gradual Currency Appreciation

Yuan forwards strengthened on speculation China’s central bank will allow its currency to rise to help reduce the economy’s dependence on exports. China should keep a gradual and controlled pace in re- valuing its currency, Li Daokui, an adviser to China’s central bank, said at a forum in Beijing on the weekend. Central bankers and [...]

Thai Central Bank May Buy Yuan Bonds

Bank of Thailand Assistant Governor Suchada Kirakul said the bank plans to buy yuan-denominated bonds, a boost to China’s efforts to increase use of the currency in global trade and finance. The central bank’s board has approved the use of reserves to buy yuan bonds, though the plan requires approval from China, Suchada said. Chinese [...]

Strongest Yuan Rate in Years

China set the strongest yuan exchange rate in years yesterday after Beijing came under renewed pressure at the Group of 20 summit over the weekend to let the currency appreciate. The People’s Bank of China said it set the central parity rate – the centre point of the currency’s allowed trading band – at 6.7890 [...]

Yuan Ends Up But Lags Global Dollar Decline

The yuan nudged only slightly higher against the dollar on Wednesday, lagging falls in the U.S. dollar index <.DXY> — the benchmark for the dollar’s performance against a basket of major global currencies. Before trade began, the Chinese central bank set the yuan’s daily mid-point <CNY=SAEC> moderately lower at 6.8336 from Tuesday’s reference rate of [...]

Standard Chartered, HSBC China Yuan Bonds Issue

Standard Chartered and HSBC Holdings said they will issue yuan-denominated bonds in China to support Beijing’s efforts to develop the local financial market. The locally incorporated unit of Standard Chartered has started preparations for up to 3.5 billion yuan (510 million dollars) in bonds while HSBC has similar plans, the two said in statements on [...]

Chinese yuan hits 2-day high against US currency (INO News)

(RTTNews) – The Chinese yuan showed strength against the US dollar during early deals on Wednesday. At 10:45 pm ET, the yuan reached a 2-day high of 6.8212 against the dollar. On the upside, 6.81 is seen as the next target level for the Chinese currency. Read more….

Chinese yuan slides to 2-day low against euro (INO News)

(RTTNews) – The Chinese yuan edged down against the European currency during early deals on Wednesday. At 1:35 am Eastern Time, the yuan touched a 2-day low of 9.0159 against the euro, compared to 8.9749 hit late New York Tuesday. Read more….

Chinese Yuan Advances Against Dollar (INO News)

(RTTNews) – In Asian deals on Tuesday, the Chinese yuan strengthened to 6.8239 against the U.S. dollar. If the Chinese currency climbs further, it may test near term resistance around the 6.820 level. The dollar-yuan pair closed yesterday’s trading at 6.8320. Read more….

Chinese Yuan Edges Up Against Dollar And Euro (INO News)

(RTTNews) – In early deals on Monday, the Chinese yuan showed strength against the currencies of US and Europe. Against the euro, the Chinese yuan strengthened to 8.9638 during early deals on Monday. Read more….

Chinese Yuan Advances Against Euro (INO News)

(RTTNews) – Against the euro, the Chinese yuan strengthened to 8.9638 during early deals on Monday. The next upside target level for the Chinese currency is seen at 8.95. The euro-yuan pair was worth 9.0413 at Friday’s close. Read more….

China regulator sees 8 trln yuan in new loans-paper (Reuters via Yahoo! Philippines News)

SHANGHAI, April 27 (Reuters) – A senior Chinese banking regulator expects new loans this year to reach at least 8 trillion yuan ($1.17 trillion), exerting pressure on banks’ asset quality, the China Securities Journal reported on Monday. Read more….

(AFX UK Focus) 2009-04-27 01:12 China regulator sees 8 trln yuan in new loans-paper (Interactive Investor)

SHANGHAI, April 27 (Reuters) – A senior Chinese banking regulator expects new loans this year to reach at least 8 trillion yuan ($1.17 trillion), exerting pressure on banks’ asset quality, the China Securities Journal reported on Monday. Despite warnings against potential risks, it would still be difficult for those adequately-capitalised banks to slow their lending [...]

Chinese yuan falls to 1-week low against euro (INO News)

(RTTNews) – The Chinese yuan edged down against the European currency during early deals on Friday. At 11:35 pm Eastern Time, the yuan declined to a 1-week low of 8.9872 against the euro, compared to 8.9774 hit late New York Thursday. Read more….

(AFX UK Focus) 2009-04-24 02:37 Chinese c.bank sets yuan mid-point at 6.8273 (Interactive Investor)

SHANGHAI, April 24 (Reuters) – The central bank set the mid-point of the yuan’s exchange rate against the dollar on Friday as follows. Read more….

Chinese Yuan climbs to 2-day high against US dollar (INO News)

(RTTNews) – The Chinese Yuan advanced to a 2-day high of 6.8266 against the US dollar in the early Asian session on Friday and on the upside, resistance is seen at the 6.822 level. The dollar-yuan pair that closed yesterday’s deals at 6.8278 is currently quoted near 6.827. Read more….

USD Mixed After Promises to Loosen FX Controls On Yuan

(CEP News) – The U.S. dollar is mixed on Thursday after an announcement Chinese officials will continue loosening currency controls. Read more….

Chinese yuan declines sharply against US dollar (INO News)

(RTTNews) – The Chinese yuan edged sharply lower against the US dollar during early Asian deals on Wednesday. The yuan dropped to 6.836 against the greenback by 8:35 pm ET. The dollar-yuan pair, which closed Tuesday’s North American session near 6.827, is currently worth at 6.8325. Read more….

Chinese yuan falls from new multi-week high against euro (INO News)

(RTTNews) – The Chinese yuan lost ground after hitting a new multi-week high of 8.8145 against the European currency during early Asian deals on Tuesday. At 11:30 pm ET, the yuan slipped to 8.8463 against the euro, compared to 8.8309 hit late New York Monday. Read more….

Chinese yuan slightly off new multi-week high against euro (INO News)

(RTTNews) – The Chinese yuan edged higher to 8.6663 against the European currency during early Asian deals on Monday. Read more….

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