Yuan

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

China set the renminbi’s reference rate at the strongest level in a year on Thursday.

Asia’s major economies step up currency defence as trade war intensifies

Unlike past episodes, the latest show of strength comes as the US dollar struggles to extend gains

The People’s Bank of China set the renminbi’s reference rate at 7.0995 per US dollar, the strongest level in almost a year.

China boosts renminbi support via fixing as trade headwinds grow

Beijing’s latest currency manoeuvre marks a departure from the stance that it deployed during the last trade war

A lasting deterioration of ties between the two largest economies could imperil one of the world’s best performing stock markets this year, as well as renew doubt over China’s investability.

China markets under threat from risk of renewed US trade war

Hong Kong’s Hang Seng Index has climbed 31% in 2025 as Chinese equities benefited from the trade truce with the US in addition to optimism over the country’s growing heft in AI

Analysts say the moves aim to stabilise the renminbi as China’s economy weakens ahead of key government policy meetings.

China’s state banks ramp up US dollar buying to stabilise renminbi: sources

The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi

The yuan has already overtaken the US dollar in recent years for China’s cross-border transactions, and the country’s own payment system, CIPS, has been gaining traction.

China opens digital yuan hub in Shanghai to boost global use

The hub will support digital finance trade, investment, innovation, and strengthen the country’s overseas financial links

The central bank would support foreign institutions in conducting repo business to boost efficiency of yuan bond use, said Zou Lan, deputy governor of the People’s Bank of China.

China central bank unveils steps to boost yuan bond market in Hong Kong

[SHANGHAI] China’s central bank will roll out further measures to support the development of Chinese yuan bonds in Hong Kong and accelerate global use of its currency, a senior official said on Thursd...

China has long aspired for the renminbi to achieve global currency status, akin to the US dollar or euro, reflecting its weight as the world’s second-biggest economy.

China considering renminbi-backed stablecoins to boost global currency usage: sources

Hong Kong and Shanghai to fast-track local implementation of the plan

“Right now, you see the Chinese exporters, some are beginning to ask and say, I’m going to sell in RMB, please settle in RMB,” says Han Kwee Juan, DBS’ group head of institutional banking.

DBS sees rising demand for yuan settlements from Chinese exporters

The shift comes as decades of unwavering faith in the US dollar’s dominance in global trade and capital flows faces scrutiny