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 The renminbi strengthened beyond ...
Tag: renminbi
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 ...
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 China’s major ...
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify ...
Cross-border renminbi use by Chinese climbs to record as US dollar sags
CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as ...
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, ...
China’s overseas investment adds to cash exodus weighing on renminbi
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an ...
BHG Retail Reit posts 28.6% lower H1 DPU amid weakening renminbi
BHG Retail Reit’s distribution per unit (DPU) fell by 28.6 per cent to S$0.0025 for its first half year ended ...
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