Last Updated: Monday, July 20, 2015, 15:46
RMB is now the world's second trade-finance currency, fifth payment currency, and sixth foreign-exchange currency, said a report by Renmin University of China.
Last Updated: Friday, June 19, 2015, 00:19
One of Japan's biggest banks today said it would sell bonds denominated in China's yuan currency as frosty ties between the major trading partners show signs of thawing.
Last Updated: Wednesday, December 31, 2014, 11:31
The People`s Bank of China (PBOC) fixed the official midpoint at 6.1190 per dollar, 0.06 percent higher than Tuesday`s 6.1224.
Last Updated: Thursday, October 31, 2013, 09:34
The US Treasury said Wednesday that the Chinese yuan remains undervalued despite its significant appreciation this year and called on Beijing to disclose more about its market intervention.
Last Updated: Thursday, October 10, 2013, 18:44
China accelerated plans to internationalize its currency on Thursday by agreeing to swap euros and yuan with the European Central Bank in a deal that is set to be China's second-largest to date.
Last Updated: Tuesday, September 17, 2013, 11:58
Chinese banks bought more foreign currency than they sold in August hinting at a slowing down of outflow of foreign capital from China.
Last Updated: Thursday, October 11, 2012, 10:35
Republican Presidential candidate Mitt Romney lashed out on Beijing for its alleged unfair trade practices.
Last Updated: Monday, March 19, 2012, 16:28
China's currency Renminbi is gradually appreciating and the revaluation is having a positive impact on overall trade balance, an official of the Chinese central bank said Monday.
Last Updated: Saturday, December 24, 2011, 10:52
The swap is aimed at promoting bilateral financial cooperation and boosting trade and investment.
Last Updated: Tuesday, October 4, 2011, 11:00
In a development that has increased tension between the United States and China, the US Senate on Monday voted to advance a Bill pressuring China to stop undervaluing its currency.
Last Updated: Tuesday, October 4, 2011, 09:06
China's foreign ministry said it "adamantly opposes" a bill being pushed by the Senate to allow the United States to impose duties on countries that undervalue their currencies.
Last Updated: Saturday, April 17, 2010, 23:34
China needs to consider "reforms" to bring an end to imbalances between its currency and global competitors, the European commissioner for economic and monetary affairs said Saturday.
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