Chinese yuan

PBOC employs volatile renminbi fixing to manage Iran war fallout

The move signals that China is encouraging two-way fluctuations rather than backing a single direction

The bank will continue to keep the yuan basically stable and strengthen guidance for foreign exchange market expectations.

PBOC vows to support yuan stability as global volatility rises

China will not seek to gain an edge in trade by depreciating the yuan

The rise of Chinese lenders comes as Asia-Pacific loan markets outside Japan remain under pressure.

China’s cheap money is shaking US$9.5 trillion global loan market

Chinese banks are expanding overseas lending amid weakening domestic credit demand

The renminbi's recent winning streak against the greenback – the longest in over a decade – is a sign that Beijing is warming up to the idea of a stronger renminbi, says the writer.
THE BOTTOM LINE

A crisis lurks as Asians bring money back home

Repatriation, or the ‘Sell America’ narrative, will be a key theme

The renminbi strengthened 4.4% in 2025 in its biggest annual gain since 2020.
EXPLAINER

What can China do to slow down its rising currency?

The renminbi has firmed about 2% so far in 2026

FILE PHOTO: Chinese 100 yuan banknotes are seen in this picture illustration created in Shanghai on January 17 , 2011. REUTERS/Carlos Barria/File Photo

Chinese yuan’s longest weekly rally in more than a decade is set to extend into Chinese New Year

[BEIJING] The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost demand for the currency ahead of the Chinese New Year.

The PBOC is seeking to reassure markets after previous reductions in policy rates fell short of economists' expectations.

PBOC’s Pan reaffirms room for further easing to support growth

He says the central bank will use various monetary policy tools such as interest-rate cuts and reserve requirement ratio reductions

The People's Bank of China says that it will maintain exchange rate flexibility, while guiding expectations and guarding against overshooting risks.

Renminbi climbs past 7 per US dollar onshore for first time since 2023

A stronger currency makes imports cheaper, and aids China authorities’ long-term goal of internationalising the currency

Prior to market open on Dec 23, the People’s Bank of China set its yuan midpoint rate at 7.0523 per US dollar, the strongest since Sep 30, 2024.

China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing

On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT

The renminbi  is up almost 4% against the US dollar, and on course for the best annual performance in five years.

Why the push for a stronger renminbi won’t go away

With the US dollar likely to be soft for a few years, to hold the Chinese currency back would be to allow it to depreciate against other trading partners