Euro, RMB Exchange Rate to 13-yr Low

BEIJING, Jan. 25 (Xinhua) -- The Chinese currency yuan, or renminbi, continues its ascent among international payment settlements, trade and currency investment, ratings agency Fitch said in their latest report. A rapidly expanding network of ...

Switzerland-China-banking-currency Contributed by NAMPA / AFP. Swiss central bank signs renminbi clearing deal with China's PBOC ZURICH, Jan 21, 2015 (AFP) - Switzerland's central bank said Wednesday it had signed a pact with the People's ...

The value of the Chinese currency renminbi, or the yuan, weakened by 95 basis points to 6.1342 against the U.S. dollar in its central parity rate on Friday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange ...

The renminbi is poised to further advance its status as a global reserve currency, as it is now a prime candidate for inclusion in the IMF reserve assets basket, with likely profound implications for renminbi internationalization. Oswald Chan ...

Despite the progress in internationalization of the renminbi, it has a relatively long way to go to becoming the global reserve currency. The Chinese government should further liberalize the domestic financial system, analysts point out. In order ...

Now that the Toronto branch of the Industrial and Commercial Bank of China Ltd (ICBK)is the clearing bank for the first North American offshore renminbi hub,the next goal is improving services. "Since the announcement was made (in November), we ...

Australian-listed ANZ Banking has broken new ground, by becoming the first such entity to stage a bond issue denominated in the Chinese offshore currency. It involves 2.5 billion renminbi ($A500m) worth of tier-two subordinated bonds, priced within ...

Premier Li Keqiang attends the International Business Council of the World Economic Forum in Davos, Switzerland, on Wednesday. Rao aimin / Xinhua Chinese bank awaits approval to establish operations in Zurich, a world finance center After ...

BEIJING - The total value of renminbi-denominated bonds issued in China last year hit 11 trillion yuan ($1.8 trillion), up 22.3 percent, the central bank said on Tuesday. Of the bonds issued in 2014, 10.7 trillion yuan were issued through the ...