The Business Times

Yuan

Companies & Markets

Chinese firms speed up US dollar selling amid optimism towards yuan

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

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

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.
Global Enterprise

China boosts renminbi support via fixing as trade headwinds grow

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.
Capital Markets & Currencies

China markets under threat from risk of renewed US trade war

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

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

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.
Capital Markets & Currencies

China opens digital yuan hub in Shanghai to boost global use

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.
Banking & Finance

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

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.
Global Enterprise

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

Han Kwee Juan, managing director and group head of strategy and planning at DBS
Banking & Finance

DBS sees rising demand for yuan settlements from Chinese exporters

The renminbi strengthened 1.9 per cent against the greenback in that period even though the US dollar index dropped nearly 11 per cent as the central bank anchored the currency.
Capital Markets & Currencies

Chinese firms sell record amount of currency options in first half of 2025

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