Latest News for: Chinese renminbi

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The charts that matter: omicron rattles markets

Moneyweek 04 Dec 2021
Welcome back. This week’s cover has the omicron variant of Covid ruining everyone’s Christmas. Hopefully, it won’t come to that, of course ... © Stockcharts.com ... The Chinese yuan (or renminbi) strengthened a little against the greenback (when the red line is rising, the dollar is strengthening while the yuan is weakening) ... (Chinese yuan to the US dollar ... .
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China promotes short-selling by letting insurers lend securities

Metro USA 03 Dec 2021
Chinese banks, brokerages and mutual fund houses can already conduct the business, lending securities holdings to other market players, such as short-sellers, for interest income ... According to official data, Chinese insurers held 11.6 trillion yuan of bonds, stocks and securities funds at the end of October ... ($1 = 6.3718 Chinese yuan renminbi) ... .
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Chinese yuan weakens to 6.3738 against USD Friday

China.dot.org 03 Dec 2021
3 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 pips to ...
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China-listed firms rush to divest property businesses amid sector crackdown

Yahoo Daily News 03 Dec 2021
SHANGHAI (Reuters) - China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at China Evergrande Group ... ($1 = 6.3763 Chinese yuan renminbi) ... .
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Market exchange rates in China -- Dec. 3

China.dot.org 03 Dec 2021
BEIJING, Dec. 3 (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 100 637.38. Euro 100 720.37. Japanese yen 100 5.6371. Hong Kong dollar 100 81.803.
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Analysis: China to cut U.S. soy imports after shipping delays clip export window

Reuters 03 Dec 2021
In addition, Brazilian soybeans offer better crush margins for Chinese soy processors, thanks to higher average protein levels in Brazilian soybeans ... Chinese soybean importers have nearly ... ($1 = 6.3706 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
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Exclusive: Toyota turns to Chinese tech to reach its electric holy grail

Reuters 03 Dec 2021
One said it would likely sell for under 200,000 yuan ($30,000), aiming for a segment of the Chinese market Tesla is expected to target with a small car within the next two years ... ($1 = 6.3703 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
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Canada Goose draws fresh fire in China for return policies

Metro USA 02 Dec 2021
The latest furore against the premium down jacket maker comes just three months after the winterwear brand was fined for false advertising and as Chinese regulators have become more active protecting consumer rights ... reported by Chinese media ... ($1 = 6.3681 Chinese yuan renminbi).
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China fines social media firm Douban for ‘unlawful’ release of information

Metro USA 02 Dec 2021
Douban, a online platform where tens of millions of Chinese users review films and discuss various social topics, said its reply function had been suspended on Thursday and would be resumed on Dec. 17 ... ($1 = 6.3736 Chinese yuan renminbi) ... .
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China fines social media firm Douban for 'unlawful' release of information

Reuters 02 Dec 2021
Douban, a online platform where tens of millions of Chinese users review films and discuss various social topics, said its reply function had been suspended on Thursday and would be resumed on Dec ... Register ... ($1 = 6.3736 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com. Register ... ....
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Canada Goose under fresh fire in China over no-return policies

Metro USA 02 Dec 2021
The premium down jacket manufacturer has been a hot topic on Chinese social media in recent days over its handling of a case involving a customer who wanted a refund of her purchases amounting to 11,400 yuan ($1,790.17) after finding quality issues ... ($1 = 6.3681 Chinese yuan renminbi).
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Chinese border city restricts activities for cargos by highway as COVID-19 infections grow

Metro USA 02 Dec 2021
BEIJING (Reuters) – A Chinese city adjacent to Russia said that starting Friday, it would suspend certain activities for goods transported via highway, its latest move to tighten virus curbs along borders amid its COVID-19 resurgence ... ($1 = 6.3735 Chinese yuan renminbi).
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More Chinese developers seek domestic bond issuance

Reuters 02 Dec 2021
SHANGHAI, Dec 2 (Reuters) - Three Chinese ... Last month, sources told Reuters financial regulators had told some Chinese banks to issue more loans to property firms for project development ... ($1 = 6.3673 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com.
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Financial decoupling farfetched

China Daily 02 Dec 2021
This rapid increase is driven by multiple factors, such as China's strong economic rebound after largely controlling the COVID-19 pandemic, the appreciation of the renminbi, the inclusion of Chinese securities in global securities indices and a US-China interest rate differential that favors China.
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Chinese yuan weakens to 6.3719 against USD Thursday

China.dot.org 02 Dec 2021
2 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 26 pips to ...
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