The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 6 pips to 7.1739 against the U.S.

Trump’s threat of tariffs and China’s weak economy has led Wall Street to increase its bets against the renminbi. However, this is to be supported by China’s largest sale of offshore bills.

The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.

But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 7 pips to 7.1745 against the U.S. dollar ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

Oxford University Press, 2016, 344 pp, $29.95 (hardcover). Such is the scope and range of Eswar Prasad’s new book Gaining Currency: The Rise of the Renminbi. In it, the author capitalizes on the ...

BIDU-SW (09888.HK) plans to issue RMB10 billion in offshore renminbi bonds, marking the latest move in a series of recent ...

Hang Seng Bank, a HSBC subsidiary Hong Kong–based banking and financial services company, has become one of the first banks to participate in the Renminbi Trade Financing Liquidity Facility (‘RMB TFLF ...

For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...

A wide range of factors have paved the way for a larger offshore Renminbi fixed income market, according to senior bankers.