Latest News for: Chinese renminbi

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Chinese yuan weakens to 6.8763 against USD Tuesday

Xinhua 21 Mar 2023
BEIJING, March 21 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 69 pips to ...
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China's Tencent Music beats quarterly revenue estimates

Reuters 21 Mar 2023
Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd (0700.HK), stood at 7.43 billion yuan ($1.08 billion) in the fourth quarter ended Dec ... ($1 = 6.8745 Chinese yuan renminbi)Reporting by Eva Mathews in Bengaluru and Josh Ye in Hong Kong; Editing by Maju Samuel. Our Standards ... Video ... ....
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China gives chipmakers easier subsidy access to help guide industry recovery - FT

Reuters 21 Mar 2023
March 21 (Reuters) - China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday ... ($1 = 6.8803 Chinese yuan renminbi)Reporting by Kanjyik Ghosh in Bengaluru; Editing by Muralikumar Anantharaman. Our Standards ... Read Next. Video ... ....
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Vanguard to exit China funds JV with Ant, close Shanghai office - sources

Reuters 21 Mar 2023
HONG KONG, March 21 (Reuters) - U.S ... The U.S ... Chinese media Caixin first reported Vanguard's planned exit from China last week ... ($1 = 6.8820 Chinese yuan renminbi)Reporting by Selena Li in Hong Kong; Additional reporting by Roxanne Liu in Beijing and Brenda Goh in Shanghai; Editing by Muralikumar Anantharaman and Jamie Freed. Our Standards ... Video.
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Market exchange rates in China -- March 21

China.dot.org 21 Mar 2023
BEIJING, March 21 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 687.63. Euro 100 737.03. Japanese yen 100 5.2353. Hong Kong dollar 100 87.721.
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Chinese yuan strengthens to 6.8694 against USD Monday

Xinhua 20 Mar 2023
BEIJING, March 20 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 358 pips ...
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Pinduoduo owner’s revenue falls short on weak consumer spending

FX Empire 20 Mar 2023
By Chavi Mehta and Casey Hall ... The company’s revenue growth compares with single-digit gains reported by Chinese competitors Alibaba and JD.com for the same period ... shoppers, sells a variety of goods, from shoes, jewelry, electronics and homewares directly from Chinese merchants ... ($1 = 6.8799 Chinese yuan renminbi) ... Advertisement ... Sign Up ... See All ... ....
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Market exchange rates in China -- March 20

Xinhua 20 Mar 2023
BEIJING, March 20 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Monday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 686.94. Euro 100 733.80. Japanese yen 100 5.1968. Hong Kong dollar 100 87.523 ... ■ ... .
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Pinduoduo owner's revenue falls short on weak China consumer spending

Reuters 20 Mar 2023
shoppers, sells a variety of goods, from shoes, jewellery, electronics and homewares directly from Chinese merchants ... ($1 = 6.8799 Chinese yuan renminbi)Reporting by Chavi Mehta in Bengaluru and Casey Hall in Shanghai; Editing by Shinjini Ganguli, Jane Merriman and Susan Fenton.
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ADAMA Reports Full Year and Fourth Quarter 2022 Results

Victoria Advocate 20 Mar 2023
The abridged consolidated financial statements contained in this release are presented in both Chinese Renminbi (RMB), as the Company's shares are traded on the Shenzhen Stock Exchange, as well as in United States dollars ($) as this is the major currency in which the Company's business is conducted.
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Favorable policies aim to spur border, international trade

China.dot.org 18 Mar 2023
"It is also conducive to promoting the internationalization of the Chinese currency renminbi, driving investment in the development of these border and cross-border economic and trade zones," Li noted.
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China fines Deloitte $31 mln for auditing negligence

Reuters 18 Mar 2023
Deloitte's Beijing operations also will be suspended for three months, the ministry said in a statement ... Deloitte said it respects and accepts the ministry's decision, according to a statement published on its website ... ($1 = 6.8733 Chinese yuan renminbi)Reporting by Ella Cao, Meg Shen and Ziyi Tang; Editing by Toby Chopra and Sonali Paul.
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China fines Deloitte $31 million for auditing negligence

FX Empire 18 Mar 2023
BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the finance ministry said on its website on Friday ... It eventually reported a huge loss ... ($1 = 6.8733 Chinese yuan renminbi) ... Advertisement ... Sign Up ... See All.
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SAIC-Volkswagen offers $537 million in subsidies through April 30

FX Empire 17 Mar 2023
Guangzhou Automobile Group, the Chinese partner of both Honda Motor Co Ltd and Toyota Motor Corp, has also offered subsidies running from March 15 to March 31. Chinese passenger vehicle sales fell 20% in January-February, industry data showed, even as some manufacturers offered reduced prices to stimulate demand ... ($1 = 6.8923 Chinese yuan renminbi).
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Chinese yuan strengthens to 6.9052 against USD Friday

China.dot.org 17 Mar 2023
BEIJING, March 17 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, ...

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Chinese President Xi Jinping gestures while speaking to Russian President Vladimir Putin during their meeting at the Kremlin in Moscow, Russia, Monday, March 20, 2023.
AP / Sergei Karpukhin, Sputnik, Kremlin Pool Photo via AP
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