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.
JPMorgan (JPM.N) would need to pay $1 billion for full ownership of its Chinese mutual fund venture, a statement on the Shanghai United Asset and Equity Exchange showed on Tuesday, a price tag that analysts said was expensive ... ($1 = 6.9116 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
Rising commodity prices hurt many emerging markets ... So, too, is the increasingly stronger U.S. dollar ... As the copper market trades primarily in dollars, how the value of the Chinese renminbi (RMB) changes versus the U.S ... However, CMEGroup offers futures contracts on the Chinese renminbi, which can be used to manage this FX exposure via hedging ... +6 ... .
The increase has worsened the country’s economic outlook, which has already been affected by unprecedented power blackouts this year ...Password. Confirm Password ... The Chinese renminbi has fallen to about 7.2 against the dollar from 6.36, a decline of 13.2% ... The Chinese renminbi has fallen to about 7.2 against the dollar from 6.36, a decline of 13.2%.
In recent weeks, the US dollar has reached 20-year highs against key foreign currencies, and all-time highs against the Chinese renminbi and the British pound. What is sustaining the greenback’s surge, and what are its most significant consequences? ... .
If the Russia-China gas pipeline through Mongolia is constructed, it may promote the settlement of trilateral trade in Chinese renminbi, Russian rouble and Mongolian togrog, and help build a strong regional financial security bulwark and boost trilateral trade cooperation.
A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province...There is solid foundation for the exchange rate of China's currency renminbi (RMB) to remain generally stable, according to a Tuesday teleconference regarding the self-regulatory framework of China's foreign exchange market.
BEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday ...As of Sept ... As of Sept ... ($1 = 7.1715 Chinese yuan renminbi) ... Advertisement ... Sign Up. Sponsored Financial Content. Latest Articles.
The 50-point mark separates contraction from growth.Register now for FREE unlimited access to Reuters.com. Register ... 1 after COVID cases were detected, becoming the largest Chinese metropolis to be hit with curbs since Shanghai's lockdown in April and May ... ($1=7.2235 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com ... ....
The 50-point mark separates contraction from growth ... On Tuesday, data showed profits at China’s industrial firms shrank at a faster pace in January-August ... 1 after COVID cases were detected, becoming the largest Chinese metropolis to be hit with curbs since Shanghai’s lockdown in April and May ... ($1=7.2235 Chinese yuan renminbi) ... Advertisement ... Sign Up.
BEIJING/SHANGHAI, Sept 29 (Reuters) - A string of small and mid-sized Chinese banks are following their larger peers and cutting deposit interest rates in the first broad-based move since 2015 to ease pressure on margins after successive lending rate cuts ... ($1 = 7.1929 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.