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 coal prices have gained nearly 190% this year on tight supplies following tough safety checks and graft investigations in key mining regions, while heavy rains flooded dozens of northern coal mines ... ($1=6.38268 Chinese yuan renminbi)Reporting by DominiquePatton; Additional reporting by Beijing Newsroom; Editing by ClarenceFernandez.
BEIJING/SINGAPORE, Oct 27 (Reuters) - Chinese coal traders say they are scrambling for price information on spot transactions, relying on personal communications as Beijing steps up scrutiny amid efforts to tame prices ... ($1 = 0.1566 Chinese yuan renminbi)Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore.
(MENAFN) The ChinaForeign ExchangeTradeSystem reported that on Tuesday, Oct. 26 the central parity rate of the Chinese currency renminbi, or the yuan, advanced 34 pips hitting 6.389 against the USD. Every trading day, the Chinese yuan can... .
Summary ... The rally came as electricity shortages saw power shortages imposed on Chinese smelters and took about 3 million tonnes of annual supply out of the market. Chalco's own production was not greatly affected, however, its operational data showed ... ($1 = 6.38178 Chinese yuan renminbi)Reporting by Tom Daly Editing by Robert Birsel ... ....
Third-quarter revenues meanwhile rose 51.3% year-on-year to 74.19 billion yuan as Shanghai aluminium prices soared to their highest since 2008. The rally came as electricity shortages saw power shortages imposed on Chinese smelters and took about 3 million tonnes of annual supply out of the market ... Subscribe. ... ($1 = 6.38178 Chinese yuan renminbi) ... .
To achieve net zero emissions, China will need 140 trillion yuan ($894 trillion) worth of green investment over the next 40 years, 40% of which requires equity and bond financing, Chinese investment bank CICC estimates ... ($1 = 0.1566 Chinese yuan renminbi)Reporting by Julie Zhu; Editing by Emelia Sithole-Matarise.