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.
Cross-border trade settlements in renminbi have grown noticeably since the beginning of this year, thanks to the improvement of the ecosystem promoting the use of the Chinese currency overseas, a banker said ... "International trading counterparties of Chinese companies are more ...
BEIJING (Reuters) – The founder of TikTok owner ByteDance will donate 500 million yuan ($77.35 million) to the southeastern Chinese city of Longyan for education, the city government’s education bureau said on Tuesday ... ($1 = 6.4638 Chinese yuan renminbi).
BEIJING, June 22 (Reuters) - The founder of TikTok owner ByteDance will donate 500 million yuan ($77.35 million) to the southeastern Chinese city of Longyan for education, the city government's education bureau said on Tuesday ... ($1 = 6.4638 Chinese yuan renminbi)Reporting by Yingzhi Yang and Tony Munroe.
The arrival of China's second options contract accessible to foreign investors follows the launch of palm oil options on the Dalian Commodity Exchange on Friday and is part of Chinese efforts to increase the country's global commodities pricing power ... ($1 = 6.4685 Chinese yuan renminbi)Reporting by Emily Chow Editing by David Goodman.
Welcome back. ... No star guest for this week’s podcast, but Merryn is joined by John to talk about all things inflation ... You can watch that here ... (DXY ... But it doesn’t seem to have affected the Chinese yuan (or renminbi) much (when the red line is rising, the dollar is strengthening while the yuan is weakening). . (Chinese yuan to the US dollar.