Latest News for: Chinese renminbi

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Chinese yuan weakens to 6.7387 against USD Friday

Xinhua 27 May 2022
BEIJING, May 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 621 pips to ...
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China to help enterprises fend off foreign exchange rate risks

China Daily 27 May 2022
The country will optimize risk hedging products and services, and further facilitate cross-border payments of the Chinese renminbi (RMB), according to a circular ...
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Foreign-funded banks support Shanghai's enterprises amid epidemic

China.dot.org 27 May 2022
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.
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Republican senators want to ban Apple and Google from hosting apps that accept China's digital ...

Business Insider 27 May 2022
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 ... ....
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Beijing city offers elderly COVID shot-related health insurance to ease hesitancy

Yahoo Daily News 27 May 2022
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 Ryan Woo; Editing by Kenneth Maxwell) ....
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China’s Pinduoduo beats quarterly revenue estimates

Metro USA 27 May 2022
(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) ... .
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China's Pinduoduo beats quarterly revenue estimate, warns of slower growth

Reuters 27 May 2022
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 ... ....
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Market exchange rates in China -- May 27

China.dot.org 27 May 2022
BEIJING, May 27 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 673.87. Euro 100 723.32. Japanese yen 100 5.3038. Hong Kong dollar 100 85.847.
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Emerging-markets Currencies Stay Strong Despite Dollar’s Rise | Mint

Live Mint 26 May 2022
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 ... .
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Baidu exceeds revenue estimates on AI, cloud services strength

Metro USA 26 May 2022
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 Aditya Soni). .
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Baidu beats revenue estimates helped by AI, cloud services

Metro USA 26 May 2022
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) ... .
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Chinese yuan weakens to 6.6766 against USD Thursday

China.dot.org 26 May 2022
BEIJING, May 26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened ...
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Chinese yuan weakens to 6.6766 against USD

Beijing News 26 May 2022
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 216 pips to 6.6766 against the U.S.
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Alibaba beats estimates for quarterly revenue

Metro USA 26 May 2022
($1 = 6.7240 Chinese yuan renminbi). (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D’Silva). .
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Alibaba beats revenue estimates as lockdowns spur online demand

Metro USA 26 May 2022
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). .

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