Yuan

EXPLAINER

What can China do to slow down its rising currency?

The renminbi has firmed about 2% so far in 2026

The onshore renminbi advanced for a 10th straight session to hit 6.8310 per US dollar, its strongest level since April 2023.

Renminbi extends advance to mark longest winning streak since 2010

Exporters are seen stepping up foreign-currency settlements, helping the currency’s strength

Beijing has been encouraging such offshore bond sales as a crucial driver of its long-term ambition to turn the yuan into a major world currency.

Indonesia offers offshore yuan bond as fiscal concerns grow

The country is among an expanding list of global issuers capitalising on record low offshore yuan interest rates

The Chinese authorities reiterated Beijing’s long-standing stance that cryptocurrencies including Bitcoin, Ether and stablecoins have no legal status equivalent to fiat money.

China bars unapproved issuance of renminbi stablecoins abroad

Beijing’s move comes at a time of elevated volatility in crypto markets

The Singdollar remains a bastion of stability, but the currencies around it are on the move.

How strong is the Singdollar? These charts show how it is performing against regional currencies

These seven charts track the Singapore dollar against key currencies over the last six months

The expanded programme will help Hong Kong strengthen its role as a leading offshore yuan hub.

Hong Kong boosts renminbi supply to banks in push for China currency

The total size of the RMB Business Facility in the city will rise to 200 billion yuan (S$36.4 billion) from Feb 2

IMF officials say the country’s low inflation relative to price levels among its trading partners has led to a weaker yuan in real terms.

IMF wades into debate over yuan, warns on risk of trade tensions

It’s lending its voice to a debate over distortions caused by a weaker exchange rate

The People’s Bank of China set the yuan’s daily reference rate at its strongest in about a year this month.

Chinese firms speed up US dollar selling amid optimism towards renminbi

The clients include exporters, importers and some investors in overseas financial assets