Latest News for: Chinese renminbi

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China takes fresh steps to open bond market to foreigners

Reuters 01 Jul 2022
China will also facilitate cross-border bond subscriptions, and make it easier for foreign passive funds to trade Chinese bonds, the China Foreign Exchange Trade System (CFETS), affiliated to China's central bank, said in a statement ... ($1 = 6.7015 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
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Chinese smart car supplier PATEO raises 1 bln yuan in new funding round

Reuters 01 Jul 2022
SHANGHAI, July 1 (Reuters) - Chinese smart vehicle supplier Shanghai PATEO Electronic Equipment Manufacturing Co said on Friday it had raised 1 billon yuan ($149.28 million) in a latest ... ($1 = 6.6988 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
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Hong Kong still the place to make a mint

China Daily 01 Jul 2022
As the Hong Kong Special Administrative Region celebrates the 25th anniversary of its establishment on July 1, the city's financial industry is set to unveil a new glorious chapter in the annals of its development, fueled by deepening financial connectivity with the Chinese mainland, a booming offshore renminbi business and green finance ... 1/3 Next.
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As China tightens grip, Hong Kong’s luster as ‘world city’ dims

Al Jazeera 01 Jul 2022
Hong Kong is marking 25 years since the city’s return to Chinese sovereignty [File ... Yuen, the economics lecturer, said China hopes to use Hong Kong to achieve economic goals including the internationalisation of the renminbi (Chinese currency) through “hosting RMB-denominated bonds and being an off-shore centre of RMB exchange”.
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Chinese yuan weakens to 6.7114 against USD Thursday

Xinhua 30 Jun 2022
BEIJING, June 30 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 79 pips to ...
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Rupee drifts down to a new record low

Financial Express 30 Jun 2022
The Indian currency, which slipped to 78.9837 in intra-day trades, has lost more than 6% since January ... The strengthening dollar has seen several currencies, including the Japanese yen and the Chinese renminbi losing value ... $33.37 billion. .
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Chinese homebuilders skirt discount limits with 'fancy' promotions -report

Reuters 30 Jun 2022
BEIJING, June 30 (Reuters) - Chinese developers desperate to offload unsold homes are resorting to "fancy" ways to lower prices, seemingly circumventing rules against excessive discounting, a government-backed newspaper reported on Thursday ... read more ... ($1 = 6.6956 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
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Chinese homebuilders skirt discount limits with ‘fancy’ promotions -report

FX Empire 30 Jun 2022
BEIJING (Reuters) – Chinese developers desperate to offload unsold homes are resorting to “fancy” ways to lower prices, seemingly circumventing rules against excessive discounting, a government-backed newspaper reported on Thursday ... The promotion is currently on hold, it said, citing a salesperson ... ($1 = 6.6956 Chinese yuan renminbi) ... Advertisement.
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Market exchange rates in China -- June 30

Xinhua 30 Jun 2022
BEIJING, June 30 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 671.14. Euro 100 700.84. Japanese yen 100 4.9136. Hong Kong dollar 100 85.519 ... ■ ... .
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Fans take BYD to task as recall confusion clouds Chinese EV maker’s image

FX Empire 30 Jun 2022
Two BYD customers told Reuters they and others questioned why BYD had instructed dealers to replace batteries in their cars which were not subject to the recall ... billionaire investor Warren Buffet ... “As an icon of the Chinese EV sector, BYD is failing us,” said one of the complainants surnamed Wu ... Fires ... ($1 = 6.7025 Chinese yuan renminbi) ... Sign Up ... ....
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Fans take BYD to task as recall confusion clouds Chinese EV maker's image

Yahoo Daily News 30 Jun 2022
Two BYD customers told Reuters they and others questioned why BYD had instructed dealers to replace batteries in their cars which were not subject to the recall ... billionaire investor Warren Buffet ... "As an icon of the Chinese EV sector, BYD is failing us," said one of the complainants surnamed Wu ... FIRES ... ($1 = 6.7025 Chinese yuan renminbi).
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Chinese yuan weaken to 6.7035 against USD Wednesday

Urdu Point 29 Jun 2022
... .The central parity rate of the Chinese Currency renminbi, or the yuan, weakened 105 pips to 6.7035 against the U.S.
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China's easing COVID curbs spark travel inquiry surge, and caution

Yahoo Daily News 29 Jun 2022
BEIJING (Reuters) -Online searches for Chinese airline tickets on domestic and international routes surged on Wednesday, after Beijing said it would slash COVID-19 quarantine requirements and made changes to a state-mandated mobile app used for local travel ... ($1=6.7016 Chinese yuan renminbi).
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Searches for overseas flights surge after China shortens quarantine

Reuters 29 Jun 2022
The border curbs had hit business travel and thinned to a trickle the number of Chinese going abroad, whether to the beaches of Thailand or the shopping streets of South Korea, which had come to rely on their custom over the prior decade ... ($1=6.7016 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
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Rupee hits new low of 78.87 vs dollar

The Times of India 29 Jun 2022
Mumbai ... The Reserve Bank of India (RBI) is said to have sold an estimated $3 billion Tuesday to temper the rupee's plunge across market segments, three top currency dealers told ET on the condition of anonymity ... The rupee has now lost more than the Chinese currency in 2022, losing 5.63% compared with a 5% drop in the renminbi's value to the dollar ... .

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