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.
United Overseas Bank (China) Limited has facilitated qualified enterprises in cross-border Chinese renminbi settlements during the period to help them avoid trade risks associated with exchange rate fluctuations.
The digital yuan is a central bank digital currency (CBDC), meaning it's pegged to the Chinese renminbi and issued by the Chinese central bank ... "The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it," Cotton, who is a proponent of a digital dollar, said ... Read more ... ....
Chinese officials have pointed to relatively lower vaccination rates among the elderly as a key weakness in its "dynamic zero-COVID" strategy ... ($1 = 6.7380 Chinese yuan renminbi). (Reporting by Roxanne Liu and RyanWoo; Editing by Kenneth Maxwell) ....
(Reuters) – China’s Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country ... ($1 = 6.7060 Chinese yuan renminbi) ... .
May 27 (Reuters) - Chinese e-commerce platform Pinduoduo Inc (PDD.O) on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country ...Register ... ($1 = 6.7060 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com. Register ... Our Standards ... ....
A strong U.S ... That is unusual ... dollar ... Asset managers have sold the offshore Chinese renminbi, also known as the offshore Chinese yuan, as a direct bet that China’s economy will slow in the wake of Covid-19 lockdowns and so-called deglobalization. The offshore Chinese renminbi has fallen as much as 7.3% against the dollar since the start of the year ... .
It last month received permits to deploy robotaxis without humans in the driving seat on open Chinese roads for the first time ... ($1 = 6.7382 Chinese yuan renminbi). (Reporting by Tiyashi Datta in Bengaluru; Editing by AdityaSoni). .
A year earlier it had posted a profit of 25.65 billion yuan, or 73.76 yuan per ADS...Last month Baidu received permits to deploy robotaxis without humans in the driving seat on open Chinese roads for the first time. ($1 = 6.7320 Chinese yuan renminbi) ... .
U.S-listed Alibaba shares, which have lost roughly a third of their value so far this year, were up about 2% in premarket trading ... ($1 = 6.7240 Chinese yuan renminbi). (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D’Silva). .