The ISO code for renminbi (which may also be used for the yuan) is CNY (an abbreviation for "Chinese yuan"), or also CNH when traded in off-shore markets such as Hong Kong. The currency is often abbreviated RMB, or indicated by the yuan sign ¥. The latter may be written CN¥ to distinguish it from other currencies with the same symbol (such as the Japanese yen). In Chinese texts the currency may also be indicated with the Chinese character for the yuan, 圆 (or 元 informally). The renminbi is legal tender in mainland China, but not in Hong Kong or Macau. Renminbi is sometimes accepted in Hong Kong and Macau, and are easily exchanged in the two territories, with banks in Hong Kong allowing people to maintain accounts in RMB. The currency is issued by the People's Bank of China, the monetary authority of China.
Chinese banks, brokerages and mutual fund houses can already conduct the business, lending securities holdings to other market players, such as short-sellers, for interest income ... According to official data, Chinese insurers held 11.6 trillion yuan of bonds, stocks and securities funds at the end of October ... ($1 = 6.3718 Chinese yuan renminbi) ... .
SHANGHAI (Reuters) - China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at ChinaEvergrandeGroup... ($1 = 6.3763 Chinese yuan renminbi) ... .
In addition, Brazilian soybeans offer better crush margins for Chinese soy processors, thanks to higher average protein levels in Brazilian soybeans ... Chinese soybean importers have nearly ... ($1 = 6.3706 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
One said it would likely sell for under 200,000 yuan ($30,000), aiming for a segment of the Chinese market Tesla is expected to target with a small car within the next two years ... ($1 = 6.3703 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
The latest furore against the premium down jacket maker comes just three months after the winterwear brand was fined for false advertising and as Chinese regulators have become more active protecting consumer rights ... reported by Chinese media ... ($1 = 6.3681 Chinese yuan renminbi).
Douban, a online platform where tens of millions of Chinese users review films and discuss various social topics, said its reply function had been suspended on Thursday and would be resumed on Dec. 17 ... ($1 = 6.3736 Chinese yuan renminbi) ... .
Douban, a online platform where tens of millions of Chinese users review films and discuss various social topics, said its reply function had been suspended on Thursday and would be resumed on Dec ...Register ... ($1 = 6.3736 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com. Register ... ....
The premium down jacket manufacturer has been a hot topic on Chinese social media in recent days over its handling of a case involving a customer who wanted a refund of her purchases amounting to 11,400 yuan ($1,790.17) after finding quality issues ... ($1 = 6.3681 Chinese yuan renminbi).
BEIJING (Reuters) – A Chinese city adjacent to Russia said that starting Friday, it would suspend certain activities for goods transported via highway, its latest move to tighten virus curbs along borders amid its COVID-19 resurgence ... ($1 = 6.3735 Chinese yuan renminbi).
SHANGHAI, Dec 2 (Reuters) - Three Chinese...Last month, sources told Reuters financial regulators had told some Chinese banks to issue more loans to property firms for project development ... ($1 = 6.3673 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
This rapid increase is driven by multiple factors, such as China's strong economic rebound after largely controlling the COVID-19 pandemic, the appreciation of the renminbi, the inclusion of Chinese securities in global securities indices and a US-China interest rate differential that favors China.