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Yuan

Mexican President Claudia Sheinbaum took office as the country’s president in October after winning election in June. Photo: Eyepix via Zuma Press Wire/dpa

Mexican leader ‘convinced’ US ties will stay positive after Trump’s election win

But Chinese investments in country such as electric-vehicle factories plus looming changes to a key free-trade deal could complicate matters.

7 Nov 2024 - 8:49AMvideocam

China’s yuan falls sharply as Donald Trump declares US election win

8 Nov 2024 - 3:50PM

US financial-sanction threat should make China rethink forex holdings: economist

1 Nov 2024 - 8:30PM

Beijing urged to offer more yuan loans overseas to help dethrone US dollar

National Academy of Development and Strategy says China should be main source of liquidity for developing countries.

1 Nov 2024 - 4:30PM

Chinese yuan and US dollar banknotes. Photo: Shutterstock

China, Brics bloc not ready to reject US dollar despite Russian entreaties

Though Vladimir Putin has called for the group of emerging economies to develop an alternative payment system, enthusiasm appears limited.

25 Oct 2024 - 6:00PMvideocam

Why ‘significant’ shipping deal bolsters China’s manufacturing, boosts yuan use

Hudong-Zhonghua Shipbuilding is due to deliver six vessels to a Hong Kong containership lessor by 2028.

22 Oct 2024 - 10:20AMvideocam

Editorial | Time will show worth of strategy laid out by China’s top economic planner

Plan unveiled by the National Development and Reform Commission adds to confidence that China’s 5 per cent growth target can be met.

14 Oct 2024 - 1:56PMvideocam

Chairperson of China’s National Development and Reform Commission (NDRC), Zheng Shanjie (third from left), attends a press conference in Beijing on Tuesday. Photo: EPA-EFE

China’s yuan faces volatility amid US pressure and home-grown stimulus: analysts

A stronger yuan could drag down China’s export growth, and the central bank is expected to guard against excessive appreciation.

7 Oct 2024 - 7:00PM

Yuan use up 21.1% in cross-border trade as China pushes global role for currency

China’s central bank vows to support Shanghai and Hong Kong as finance centres as it takes ‘next step’ in internationalisation of the yuan.

6 Oct 2024 - 5:00PMvideocam

Explainer | How China’s 2024 stimulus compares with past packages, and what’s next?

In nominal terms, the massive package has the potential to be China’s biggest ever.

3 Oct 2024 - 5:00PMvideocam

As part of China’s new stimulus package, the People’s Bank of China (pictured) has factored in an estimated 2 trillion yuan worth of bond issuance to help consumers and encourage local government spending. Photo: Shutterstock

Boom or bust: economist urges China to sober up after stock rally

Lu Ting, chief China economist at Japanese investment bank Nomura, says the risk of repeating the boom and bust in 2015 could rise rapidly in the coming weeks.

4 Oct 2024 - 5:22PMvideocam

Hong Kong stocks retreated after six consecutive trading days, the Hang Seng Index closed at 21,743 at noon, down 700 points. Photo: Jelly Tse

China’s premier urges swift action as stimulus package sets markets ablaze

After last week’s stimulus policies – and subsequent market frenzy – China’s premier has reiterated time is of the essence for fast recovery.

2 Oct 2024 - 9:06AMvideocam

HKMA wants to continue developing Greater Bay Area, expand connect schemes

The de facto central bank will work with mainland authorities to develop the Greater Bay Area and expand cross-border trading, CEO Eddie Yue says.

30 Sep 2024 - 8:33AM

China’s yuan continues upward climb after Beijing’s stimulus roll-out

The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.

25 Sep 2024 - 2:32PM

After the US Federal Reserve’s interest rate cuts and a set of monetary policy measures China announced to stimulate its economy, the value of the yuan has rapidly increased. Photo: Reuters

Is China’s new large-scale stimulus an economic saviour or ‘not enough’?

Some analysts see ‘panicking’ among China’s policymakers, others point to a rising sense of urgency in fighting deflation.

25 Sep 2024 - 4:29PMvideocam

China’s central bank governor, Pan Gongsheng, speaks at a press conference in Beijing on Tuesday. Photo: Reuters

China’s long-term focus still the same despite stimulus measures

Easing by China’s central bank will stabilise the economy for now, but the country is looking for a paradigm shift in its overall strategy.

25 Sep 2024 - 1:28AM

China’s yuan gains ground after rate cuts, exporters’ US dollar exodus

Cuts by the Federal Reserve have prompted exporters to convert their US dollar assets into yuan, strengthening China’s currency.

24 Sep 2024 - 8:45AM

Dump or buy more? China’s holding of US debt in spotlight after Fed’s rate cut

Continued diversification of reserve portfolio may be in order, but into what, and at what speed, are pressing questions.

19 Sep 2024 - 8:30PM

Jerome Powell, chairman of the US Federal Reserve, announced a cut to its benchmark interest rate on Wednesday. Photo: Bloomberg

Will start of US rate cuts bring tailwinds to lift China’s economic sails?

US Federal Reserve officially kicked off a rate-cutting cycle by announcing a half a percentage point rate cut on Wednesday.

19 Sep 2024 - 6:09PM

China-Russia trade inches up as US sanctions and payment issues strain growth

After a historic rise in trade between China and Russia last year, their energy exchanges keep slowing, and analysts point to settlement challenges.

19 Sep 2024 - 9:40AMvideocam

Opinion | Why it’s time Hong Kong joined China’s currency zone

Allowing Hong Kong banks to offer Chinese onshore renminbi services would enable the city to leverage its economic freedom on a whole new level.

17 Sep 2024 - 5:35PMvideocam

An employee counts Chinese yuan banknotes in an arranged photograph at the Bank of China Hong Kong headquarters, on November 12, 2015. Photo: Bloomberg

When will China respond to Fed rate cut as economic problems mount?

US Federal Reserve expected to lower its benchmark borrowing rate, which could give China room to ease.

16 Sep 2024 - 11:10PM

Markets widely expect the US central bank to lower its benchmark borrowing rate on Wednesday. Photo: AP

China’s stealthy yuan support ebbs, denting hot hedge fund trade

A lucrative trade that helped hedge funds ratchet up profits on Chinese debt instruments is starting to lose its charm, analysts say.

16 Sep 2024 - 1:21PM

Chinese Premier vows stronger trade ties with Saudi Arabia

Li Qiang addresses joint committee with Crown Prince Mohammed bin Salman and calls for confidence in China despite headwinds.

12 Sep 2024 - 6:36PMvideocam

Investors eat up dim sum bonds from Guangdong province, Hong Kong’s MTR

Issuance of offshore yuan-denominated bonds has jumped 28 per cent this year, according to the Hong Kong Monetary Authority.

11 Sep 2024 - 6:00PM

Issuance of so-called dim sum bonds exceeded 465 billion yuan (US$65 billion) in the first half of 2024. Photo: Bloomberg

Exclusive | Saudi Arabia ‘open’ to petroyuan, closer China ties, minister says

Saudi Arabia’s minister of industry has said his country is willing to ‘try new things’ in its relationship with China, and that Chinese companies are ‘welcome’ to invest.

11 Sep 2024 - 1:54PMvideocam

Saudi Arabia and China have grown closer as the Middle Eastern country looks to diversify its economy beyond the oil trade. Photo: AFP

Yuan still lacks ‘heft’ of China’s economy, trade on global stage: ex-official

Ex-Chongqing mayor Huang Qifan says China has no unrealistic ambitions for the yuan to replace the US dollar.

5 Sep 2024 - 10:42PM

Financial secretary pledges more financial connections with mainland

Minister hinted at the launches of more links that will better connect Hong Kong markets with those on the mainland.

5 Sep 2024 - 6:30PM

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Yuan

The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.

last updated:

9 September, 2024