Welcome!
Chinese Yuan (CNY)
Currencies
JPMorgan sees 10%-15% Chinese yuan slide in response to trade war
“Manufacturing exporters in EM Asia and Mexico will also be hit — India the least, Malaysia and Vietnam the most,” they predicted.
18 hours ago
US-China trade war
China’s dream of ‘powerful currency’ runs into Trump’s return
The president-elect favours a weaker US dollar, which would make US goods cheaper for the rest of the world, although Wall Street banks think he is unlikely to get his wish.
12 days ago
China Focus
China’s PBOC dials back support for yuan as currency steadies
China’s central bank set its daily reference rate for the yuan broadly in line with expectations for the first time in over a year
August 21, 2024
REITs
CapitaLand China Trust prices inaugural $112 mil worth of free trade zone offshore CNY bonds
The bonds will be issued in denominations of CNY 20 million and integral multiples of CNY1 million in excess thereof.
October 13, 2023
Banking & finance
China's big four state banks said to cut dollar deposit rates
The move comes at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.
June 07, 2023
Global Economy
China's yuan replaces US dollar as most traded currency in Russia
Russia has deepened its ties with China since the February 2022 invasion prompted a break in relations with the West.
April 04, 2023
Global Markets
Goldman sees China stock, yuan gains extending on policy shifts
Goldman Sachs Group Inc. said Chinese stocks may rally another 15%, while the yuan is seen hitting levels last seen in April.
January 09, 2023
China Focus
China stocks slide as leadership overhaul disappoints traders
Investors were disappointed during the congress last week as Xi defended his Covid Zero policy
October 25, 2022
China Focus
Dollar strength or yuan weakness?
This contributor asks: "To what extent is the movement in the Chinese yuan an indication of economic weakness?"
September 15, 2022
Currencies
US dollar strength perseveres as Fed’s inflation concerns persist: Bank of Singapore
Fed officials, alarmed at the prospect of looser financial conditions, are pushing back against the view of a 2023 easing cycle.
August 26, 2022