The cost to borrow the offshore yuan in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even as the dollar weakens. The one-month Hong ...

“We will support the Shanghai Gold Exchange and other institutions in cooperating with overseas exchanges through product licensing, and expand the use of renminbi-denominated benchmark prices ...

Enterprises are growing more keen on using the yuan in the settlement of international payments – a trend emerging as the safety and credibility of US assets are questioned, according to survey ...

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The offshore Chinese yuan rose past 7.18 to the U.S. dollar, a six-month high. "In the short term, this 90-day reprieve increases optimism that the worst-case outcome (U.S. stagflation ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

When the Philadelphia Eagles made the move to grab Alabama linebacker Jihaad Campbell at No. 31 in the 2025 NFL draft, they weren’t just selecting a top-tier defensive talent—they were ...

[HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even as the US dollar weakens. The ...

People's Bank of China Governor Pan Gongsheng said on Wednesday that nearly 100 companies are planning to sell such bonds to raise more than 300 billion yuan ($41.46 billion) in total, and he ...

HONG KONG – Some Chinese exporters are speeding up conversion of their US dollar income into renminbi on bets that the worst of the tariff-led loss in the local currency may be over. In a ...

Following the recent Executive Board decisions on the determination of the renminbi (RMB) as a freely usable currency, effective October 1, 2016, and its inclusion in the SDR basket on the same date, ...