| 单词 | yuan |
| 例句 | Without saying much, the manager paid him six hundred yuan, or about seventy-two dollars. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z “They said she had hundreds of thousands of yuan in the bank.” Red Scarf Girl: A Memoir of the Cultural Revolution 1998-01-01T00:00:00Z Ethnic Korean pastors gave him cash, as much as fifteen dollars’ worth of yuan. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z If Lin-lin’s family had to live on just sixty yuan a month, and half of their clothes had been confiscated, she would learn to sew too. Red Scarf Girl: A Memoir of the Cultural Revolution 1998-01-01T00:00:00Z He offered Shin food, lodging, and five yuan a day— about sixty cents—if he was willing to tend pigs. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z If you’re a Dylan fan with a 0.411 yuan coin burning a hole in your pocket, now you know how to spend it. ArtsBeat: No Longer Tangled Up, Dylan Concerts Are Planned in China 2011-03-04T19:26:46Z When it’s time for dessert, we’re served tang yuan, or mochi balls with mixed nuts in a sweet ginger syrup soup, a customary part of the Lunar New Year tradition. In the Foothills of Los Angeles, a Celebration of Renewal 2022-03-08T05:00:00Z Zhang recently acknowledged that only a portion of the donated 1 million yuan was transferred initially. Zhang Ziyi stars as AIDS patient in new China film 2010-05-18T12:23:00Z And like many books or movies about the financial world by arty civilians, this rhetoric is strained and redundant and cliched, and Packer's supposed connoisseurship of the yuan and the baht just sounds preposterous. Cannes 2012: Cosmopolis – review 2012-05-25T11:16:33Z It will also work with Chinese partners to open a 20 billion yuan theme park in the city to coincide. James Cameron takes 3D to China 2012-08-09T14:42:52Z But, for novices, kids or anyone, really, it may be more fun to start with dessert — in this case, tang yuan dumplings. Now’s the Time for Homemade Dumplings 2021-02-01T05:00:00Z Zhang said he received 2.5m yuan for his work and was astonished to learn of the total budget, adding that he would do more research before taking on projects in future. Zhang Yimou seven children claims trigger anger in China 2013-05-09T11:32:01Z China's total take at the domestic box office is expected to exceed 10 billion yuan this year, a growth of 43 percent over 2009, according to China's official Xinhua news agency. Chinese film to star Christian Bale 2010-12-22T13:15:24Z Wads of counterfeit U.S. dollars and Chinese yuan? Design: Looking at China as a Creator, Not Manufacturer 2011-07-10T13:20:00Z "This is a big boost to the market and it set the tone for the year-round revenue to exceed 20 billion yuan," said Kady Yang, senior analyst at entertainment consulting firm EntGroup. China's movie market booms with local content, cinema expansion 2013-08-22T06:11:08Z A series of events, some involving the mysteriously unpredictable yuan, forcibly and with escalating violence shake Eric out of his torpor. ‘Cosmopolis,’ Directed by David Cronenberg 2012-08-16T21:29:47Z In just the first few days, 30,000 people donated money to us to pay the fine, which is over 9m yuan. Ai Weiwei: 'Every day in China, we put the state on trial' 2013-04-15T14:00:00Z Suddenly, a Tibetan couple drove up on a motorcycle, yelling and gesticulating and demanding 500 yuan — then close to $100. Don’t make these travel mistakes: 7 writers share stories about blunders on the road 2020-08-20T04:00:00Z Toiletries bore Chinese touches too: The lotion’s scent, for example, was inspired by yuan zhi, or senega root, an herb used in Asian drinks to calm the spirit. Hotel Review: Amoy Hotel in Singapore 2014-11-11T05:00:00Z "Wolf Warrior 2" is expected to rake in a total of 5.5 billion yuan as it taps into feelings of patriotism and national pride at home. Hero's welcome: Patriotic Chinese war film pulls in record $600 million 2017-08-11T04:00:00Z Still, it was relatively efficient and definitely cheap — expect to pay between 3 and 5 yuan for a one-way journey. Conquering High-Priced Shanghai, From Dumplings to Modern Art 2018-02-28T05:00:00Z It costs about 100 yuan to be admitted to A&E while a night in a ward sets a patient back about the same. Which country has the world's best healthcare system? 2016-02-09T05:00:00Z Tourism revenue generated on Friday totaled 54.6 billion yuan, up 15.1 percent from the same period a year ago, it said. Chinese tourists vacationing at home up 12 percent: state media 2017-10-06T04:00:00Z It was not immediately clear whether the 50 billion yuan figure includes a previously disclosed a 10 billion yuan fund for new projects in the unit. Alibaba entertainment affiliate to invest over $7.2 billion over next three years 2016-12-28T05:00:00Z Yet the droves that descend on Miami Beach the week of the fair carrying suitcases of euros, pounds and yuan are not destined only for Mr. Gagosian’s booth. Art Basel Miami Beach: Where Art and Commerce Come Together and Party 2010-12-10T19:11:00Z "I paid thousand-yuan fines for my second, third and fourth daughters, but the squad told me that those didn't count, and I'd have to pay another 10,000 yuan for each of them." China's barbaric one-child policy 2013-05-06T06:00:01Z But it fared well with more than 400 million yuan at the box office. China's movie market booms with local content, cinema expansion 2013-08-22T06:11:08Z I’ve been making tang yuan with my daughters since they were toddlers, in part because the dumplings are easy and fun to shape. Now’s the Time for Homemade Dumplings 2021-02-01T05:00:00Z A recent survey by the state news agency Xinhua suggested portraying a corpse could command a 100-yuan bonus, while being slapped would be worth 500 yuan. China's extras line up to chase Hollywood dream 2013-05-30T15:47:08Z But the steady devaluation of the renminbi, or yuan, resulted in China’s urban centers moving down the ranking by between five and 16 places each, it said. Of bread and wine: the world's most expensive cities 2017-03-21T04:00:00Z The previous record for a domestic film was 726 million yuan set by "Painted Skin 2." Low-cost Chinese film sets new record 2013-01-02T12:59:13Z I ordered three big fried dumplings, each about the size of a baseball, for a total of 9 yuan. Conquering High-Priced Shanghai, From Dumplings to Modern Art 2018-02-28T05:00:00Z "A 10 billion yuan box office ... is still far from the value of a movie world power and is still far from keeping pace with the country's economic growth," the report said. 2010 Chinese box office surges to $1.5 billion 2011-01-10T09:46:04Z Its box office revenue rose 9 percent in 2018 to 61 billion yuan. Hit or miss: Oscar for Alibaba's 'Green Book' no guarantee for... 2019-02-28T05:00:00Z “The Revenant”, which won Leonardo DiCaprio a Best Actor Oscar, brought in less than 400 million yuan in 2016, making it the best performing Academy Award winning film in China. Hit or miss: Oscar for Alibaba's 'Green Book' no guarantee for... 2019-02-28T05:00:00Z We're all just impecunious round-eyes, shaking a tail feather in front of a green screen – trying to make a quick yuan to set against our astronomical debt. David Mitchell on Brits as Hollywood superheroes 2011-02-06T00:05:59Z Although they form a small percentage of movies screened, Hollywood movies drew 44 percent of all 10 billion yuan in sales receipts in 2010. "Desperate Housewives" streaming to China 2011-08-08T20:38:44Z Others, called tang yuan, are tinted orbs of dough that are springy and chewy, like mochi. Restaurant Review: Dumpling Galaxy in Queens 2014-11-11T05:00:00Z “Tang” means soup and “yuan” round, and the translation does little to describe their comfort and joy. Now’s the Time for Homemade Dumplings 2021-02-01T05:00:00Z Work as an extra might mean 30 to 60 yuan for a day that could run from seven in the morning to 11 at night; a speaking part may pay two or three times that. China's extras line up to chase Hollywood dream 2013-05-30T15:47:08Z Apparently local officials - perhaps not as conversant with the intricacies of boxofficemojo.com as we thought – got dollars and yuan mixed up. Close up: Super-Looper blooper 2012-10-04T15:51:10Z Tourism revenue generated on Friday totaled 54.6 billion yuan, up 15.1 percent from the same period a year ago, it said. Chinese tourists vacationing at home up 12 percent: state media 2017-10-06T04:00:00Z Zhang, the producer, said the expectation at the box office is one billion yuan, a goal that "did not pose a problem." Chinese film to star Christian Bale 2010-12-22T13:15:24Z Tang yuan’s spherical shape signifies unity and the candy-like stickiness represents how family sticks together. Now’s the Time for Homemade Dumplings 2021-02-01T05:00:00Z I don’t know anything about China devaluing the yuan. Letterman Has No Love for ‘Damaged’ Trump 2016-10-07T04:00:00Z "Wolf Warrior 2" is expected to rake in a total of 5.5 billion yuan as it taps into feelings of patriotism and national pride at home. Hero's welcome: Patriotic Chinese war film pulls in record $600 million 2017-08-11T04:00:00Z It was only one yuan but it was enough to make a call. Teaching the People’s Republic 2012-09-03T13:00:00Z Without the remnants of his ‘fortune’ he would not have been able to afford it on his salary of 900 yuan a month. Teaching the People’s Republic 2012-09-03T13:00:00Z Three 1 yuan coins were later found on the ground near the engine. Passengers behaving badly: 10 of the craziest things that happened on airplanes in 2019 2019-12-21T05:00:00Z So too is their own decision to defy the one-child policy, for which officials tried to fine them tens of thousands of yuan—the equivalent of several years’ income for the average Chinese farmer. The power of one 2015-03-12T04:00:00Z The size of the liquidity injection exceeded market expectations and resulted a net 600 billion yuan of net cash injections into the banking system, the biggest monthly increase since December 2016. China asks some lenders to cap interbank financing costs - sources 2023-11-17T05:00:00Z The size of the liquidity injection exceeded market expectations and resulted in a net 600 billion yuan of cash injection into the banking system, the biggest monthly increase since December 2016. China expected to keep key lending rates unchanged next week 2023-11-17T05:00:00Z Media reports said the land plots, valued at 16.3 billion yuan, were the most valuable assets being auctioned by Chinese courts in seven years. Court auction to sell Shimao land in Shenzhen fails again 2023-11-16T05:00:00Z Plans included a Hong Kong-like independent antigraft body, a pilot to pioneer the gradual opening of the country's capital account and internationalising the yuan; and full internet freedom throughout the area. China's not-so-special economic zone embodies a harsh new reality 2023-11-16T05:00:00Z There are signs of stabilization elsewhere in Chinese markets - the yuan is its strongest in three months against the dollar, and foreigners are increasing their holdings of China's onshore yuan bonds. Morning Bid: Consolidation, at a dovish inflection point 2023-11-15T05:00:00Z Financial institutions have issued a total of more than 2 trillion yuan worth of NCDs so far this month, including more than 750 billion yuan this week, according to Reuters calculations based on official data. China asks some lenders to cap interbank financing costs - sources 2023-11-17T05:00:00Z The offshore Chinese yuan, meanwhile, received some support The offshore yuan , meanwhile, briefly ticked up to a three-month high of $7.2385 against the dollar after domestic industrial output and retail sales growth beat expectations. Dollar shakes off weakness after investors rethink Fed outlook 2023-11-15T05:00:00Z The yuan held near a more than two-month high after surprisingly softer U.S. inflation reading overnight boosted bets that the Federal Reserve had reached the end of its tightening cycle. China's factory output, consumption beat forecasts but property still a drag on economy 2023-11-15T05:00:00Z China's yuan has lost about 5% to the dollar so far this year to become one of the worst performing Asian currencies. China c.bank boosts liquidity injection through policy loan, rate unchanged 2023-11-15T05:00:00Z The government plans to provide at least 1 trillion yuan of low-cost funding to the urban village renovation and affordable housing programmes, Bloomberg News reported on Tuesday, citing people familiar with the matter. China factory output, retail sales beat expectations in boost to economic recovery 2023-11-15T05:00:00Z Some private equity and venture funds are stepping up efforts to raise yuan funds. Middle East asset manager Investcorp eyes up to $550 mln in first China yuan fund 2023-11-14T05:00:00Z The yuan has depreciated by more than 5% against the dollar and euro this year. Why businesses are pulling billions in profits from China 2023-11-13T05:00:00Z Authorities are faced with a challenging task as any aggressive monetary support would further widen interest rate differentials between China and the West, especially the United States, and dent an already weakened yuan. China's factory output, consumption beat forecasts but property still a drag on economy 2023-11-15T05:00:00Z The sizable depreciation has prompted authorities to step up efforts to support the currency, with many analysts believing policymakers may view yuan stability as a prerequisite for restoring confidence in yuan assets. China c.bank boosts liquidity injection through policy loan, rate unchanged 2023-11-15T05:00:00Z Last year, when China was emerging from COVID-19 curbs, Alibaba, the country's largest e-commerce player by market share, did not disclose the yuan value of its sales for the festival for the first time. China's Singles Day festival wraps up with e-commerce giants reporting sales growth 2023-11-12T05:00:00Z This year marked the second time Alibaba has not disclosed the actual yuan value of its sales for its landmark festival, which this year celebrated its 15th anniversary. China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth 2023-11-12T05:00:00Z Lowering interest rates could put more pressure on the already weakened yuan. Why businesses are pulling billions in profits from China 2023-11-13T05:00:00Z Net revenue, however, more than doubled to 21.27 billion yuan in the same period. China's Zeekr reveals wider loss in US IPO paperwork, Geely shares fall 2023-11-10T05:00:00Z Market participants believe that a weakening Chinese yuan has constrained the central bank's efforts to aggressively lower interest rates as the recovery of the world's second-largest economy remains uneven and requires further stimulus. China c.bank boosts liquidity injection through policy loan, rate unchanged 2023-11-15T05:00:00Z JD.com had noted Apple sold more than 1 billion yuan worth of products in the first minute of the event's final sales period. Explainer: What is China’s Singles Day, and how is it celebrated? 2023-11-10T05:00:00Z China's yuan slipped in anticipation of further rate cuts after data showed Chinese consumer prices fell in October. Euro's recent gains vulnerable to looming Fed chair remarks 2023-11-09T05:00:00Z In Asia, China's yuan touched a two-month high in overnight offshore trade. Euro finds footing on hawkish policy remarks, lower energy prices 2023-11-09T05:00:00Z The yuan has lost more than 5% so far this year, making it one of the worst performing Asian currencies. China's 2023 growth target within reach -c.bank governor 2023-11-08T05:00:00Z The official said China remains on the monitoring list due to lack of transparency for its foreign exchange practices, including on the methods and manner of interventions in its yuan currency. US finds no major trade partners manipulated currencies 2023-11-07T05:00:00Z The yuan and Chinese stocks fell following the data, which reinforced markets' continued concerns about a fragile and uneven recovery. China's imports unexpectedly grow as demand makes cautious comeback 2023-11-07T05:00:00Z But putting extra cash into the system would risk adding downward pressure on the yuan - which has lost over 5% against the dollar this year - and undercut months of efforts to stabilise the currency. Exclusive: China's clashing priorities behind rare money market distress 2023-11-07T05:00:00Z Ahead of a full slate of Chinese economic updates later in the week, the offshore yuan also hit its highest in more than six weeks. Morning Bid: Rates buzz sustained before Fed loan data 2023-11-06T05:00:00Z The central bank will keep the yuan basically stable, prevent the formation of one-sided and self-reinforcing market expectations in the yuan, and reduce risks of the currency overshooting, Pan said. China's 2023 growth target within reach -c.bank governor 2023-11-08T05:00:00Z The Treasury has estimated China intervened to support the yuan in the latest monitoring period, but not to levels that would trigger any thresholds. US finds no major trade partners manipulated currencies 2023-11-07T05:00:00Z Xie expects China's central bank to continue counter-cyclical interventions - including a strong bias in daily yuan fixings and managing yuan liquidity in the offshore market- to support the currency in the face of these headwinds. China's first deficit in foreign investment signals West's 'de-risking' pressure 2023-11-06T05:00:00Z "The inaction by the central bank is mainly due to its concern over yuan depreciation," said the fund manager, who declined to be identified as he was not authorised to talk to media. Exclusive: China's clashing priorities behind rare money market distress 2023-11-07T05:00:00Z In yuan terms, it is up more than 15% for the year so far. China firm launches stock indices to tap into rush for safe-haven gold 2023-11-01T04:00:00Z The yuan is languishing near September's 16-year low, and selling pressure bearing down on the offshore yuan, in particular, is strong. Morning Bid: Japan's dramatic FX, bond market divergence 2023-10-31T04:00:00Z In the currency market, the offshore yuan dropped after the PMI survey. China factory activity unexpectedly shrinks in Oct, dents recovery momentum 2023-10-31T04:00:00Z The People's Bank of China has urged major banks to limit trading and dissuade clients to exchange the yuan for the dollar, sources have told Reuters. China's first deficit in foreign investment signals West's 'de-risking' pressure 2023-11-06T05:00:00Z Together with rate rises around the world, it has fanned capital outflows and the yuan has suffered. Exclusive: China's clashing priorities behind rare money market distress 2023-11-07T05:00:00Z Policymakers have unveiled a raft of measures in recent weeks, but their ability to spur growth is constrained by fears over debt risks and a fragile yuan. He Lifeng: China's economy tsar made director of key party commission 2023-10-30T04:00:00Z But if the yuan is under pressure, it is nothing compared to the onslaught Japan's yen is facing. Morning Bid: Japan's dramatic FX, bond market divergence 2023-10-31T04:00:00Z High youth unemployment, elevated debt levels and a weakened yuan are also complicating Beijing's efforts to revive activity. China factory activity unexpectedly shrinks in Oct, dents recovery momentum 2023-10-31T04:00:00Z The profit, which brokerage Jefferies said followed 15 quarters of loss, also turned earnings positive for the nine months of this year with a profit of nearly 800 million yuan. Air China shares soar after reporting first quarterly profit since pandemic 2023-10-27T04:00:00Z In the same period, the value of awarded projects listed on the database totaled 156.9 million yuan, or more than triple the previous year. China rushes to swap Western tech with domestic options as U.S. cracks down 2023-10-26T04:00:00Z China's top parliament approved a 1 trillion yuan bond issue, state media reported, adding the funds would be spent on rebuilding disaster zones and improving infrastructure. Stocks struggle as soft earnings compound interest-rate headache 2023-10-25T04:00:00Z Local governments had been told to complete the issuance of the 2023 quota of 3.8 trillion yuan in special local bonds by September to fund infrastructure projects. China's new bonds to help economic recovery, official says, as budget deficit rises 2023-10-25T04:00:00Z "The additional 1 trillion yuan will help in November and December," Economist Intelligence Unit's Xu said. China factory activity unexpectedly shrinks in Oct, dents recovery momentum 2023-10-31T04:00:00Z China's top parliament body has approved a 1 trillion yuan sovereign bond issue and Beijing has appointed Lan Foan, a technocrat with little central government experience, as the new finance minister. ASIA A welcome bounce, but mixed big tech signals 2023-10-24T04:00:00Z One partially redacted tender for a "certain government department in Gansu province" assigned 4.4 million yuan to replace an intelligence-gathering system's equipment, without providing specifics. China rushes to swap Western tech with domestic options as U.S. cracks down 2023-10-26T04:00:00Z Local governments have been told to complete the issuance of the 2023 quota of 3.8 trillion yuan in special local bonds by September to fund infrastructure. Analysis: China to choose fiscal muscle over big reforms to revive economy 2023-10-24T04:00:00Z Other analysts pointed to the stability in the yen and China's yuan , both big components of the DXY trade index, as the reason for the tepid moves in the dollar index. Yen grazes 150 again as yields dictate trading 2023-10-23T04:00:00Z In currencies, the yen and yuan open the week under heavy selling pressure and at critically important levels. Morning Bid: Awaiting the bond-bashing abating 2023-10-22T04:00:00Z The country will keep yuan stable, prevent the risk of abnormal fluctuations in cross-border fund flows and maintain the stability in the foreign exchange market, Pan said. China to bolster economic recovery and curb risks, central bank head says 2023-10-21T04:00:00Z In Asia, the Chinese yuan was mostly steady on the offshore market at 7.3323 per dollar, after China kept its benchmark lending rates unchanged at the monthly fixing on Friday, matching market expectations. Dollar rebuffed from 150 level vs yen after Powell/Treasuries double-whammy 2023-10-20T04:00:00Z Bearish sentiment over the yuan was also seen as a factor against further rate cuts. China leaves benchmark lending rates unchanged as expected 2023-10-20T04:00:00Z Some analysts have highlighted the limits of yuan internationalisation, arguing instead that China should blunt sanctions by increasing its economic links with the U.S. and its allies. China weighs options to blunt U.S. sanctions in a Taiwan conflict 2023-10-20T04:00:00Z The offshore yuan fell to its lowest in more than a month. Morning Bid: To 5% and beyond, bond yields soar 2023-10-19T04:00:00Z It will steadily push forward its yuan internationalisation scheme, establish a risk warning and control system for overseas investment and safeguard the country’s foreign currency assets, he added. China to bolster economic recovery and curb risks, central bank head says 2023-10-21T04:00:00Z Geostrategic tensions and high U.S. interest rates have helped Beijing increase the yuan's acceptability with some countries. China ramps up yuan internationalisation under Belt and Road Initiative 2023-10-19T04:00:00Z The yuan has depreciated by more than 5% this year against the dollar and increasing liquidity would add additional pressure on the currency. China leaves benchmark lending rates unchanged as expected 2023-10-20T04:00:00Z The Chinese yuan briefly jumped after official data showed China's economy grew at a faster-than-expected clip in the third quarter, while consumption and industrial activity in September also surprised on the upside. Dollar gains against euro as Fed, Middle East in focus 2023-10-18T04:00:00Z The government's ability to spur growth has been hamstrung by fears over debt risks and a fragile yuan. Wall Street brokerages raise China's 2023 economic growth forecast 2023-10-18T04:00:00Z The yuan struggled to hold a small bounce, as buyers' hands were stayed by concerns ranging from the crisis in the property sector to dim prospects for an acceleration in growth. Analysis: China's growth surprise is not tempting investors 2023-10-18T04:00:00Z Still, the yuan's share is negligible compared with the dollar's 46.6%. China ramps up yuan internationalisation under Belt and Road Initiative 2023-10-19T04:00:00Z Asian stocks pared their losses after the better-than-expected China data, while the yuan and trade-dependent Australian and New Zealand dollars all bounced. China's Q3 GDP growth, Sept activity show economic recovery gaining traction 2023-10-18T04:00:00Z The yuan and trade-dependent Australian and New Zealand dollars all bounced. Yuan leads rally in Asian currencies on China's economic bounce 2023-10-18T04:00:00Z China's yuan fell in overnight offshore trade ahead of GDP data due later on Wednesday. Dollar steadies while yields rise; eyes on Mideast risks, China data 2023-10-18T04:00:00Z For its part, the central bank is constrained by how much it can ease monetary policy due to worries about adding pressure on the yuan, which has tumbled 5.7% this year. China's Q3 GDP seen slowing as Beijing races to revive growth 2023-10-17T04:00:00Z Rising Sino-U.S. competition and the Russia-Ukraine war, both pushed Beijing to persuade more countries to use yuan for settlement, despite the currency's depreciation against the dollar. China ramps up yuan internationalisation under Belt and Road Initiative 2023-10-19T04:00:00Z S&P Global Ratings on Monday revised down its forecast for China's property sales to drop by 10%-15% this year compared to 2022 to around 11.5 trillion yuan-12 trillion yuan. Explainer: Country Garden: What happens next? 2023-10-17T04:00:00Z It had limited success in meeting some goals, such as internationalising the yuan and solving Chinese companies' overcapacity. Belt and Road Initiative: Is China's trillion-dollar gamble to transform the world working? 2023-10-16T04:00:00Z The central bank is constrained in how much it can ease monetary policy for fears of hurting the yuan, analysts said. China'a Q3 GDP growth seen slowing to 4.4% as headwinds persist: Reuters poll 2023-10-16T04:00:00Z Analysts expect issuance of such bonds to hit at least 1 trillion yuan this year. China ramps up liquidity support to banking system 2023-10-16T04:00:00Z A major driving force behind the rise in yuan financing has been the sharp increase in U.S. interest rates. China ramps up yuan internationalisation under Belt and Road Initiative 2023-10-19T04:00:00Z Analysts expect issuances of such bonds to hit at least 1 trillion yuan this year. China central bank ramps up liquidity support via policy loans, rate unchanged 2023-10-16T04:00:00Z A weak yuan is another headache for policymakers as it restricts the amount of monetary stimulus China could deliver. China's exports, imports slump narrows in Sept in boost to recovery prospects 2023-10-13T04:00:00Z The yuan, one of Asia's worst-performing currencies, has weakened 5.5% this year as China's post-pandemic recovery quickly lost steam and the dollar climbed due to interest rate differentials and geopolitical uncertainty globally. China bans new offshore brokerage accounts in capital control move 2023-10-12T04:00:00Z But further monetary easing could widen China's yield gap with the United States, putting fresh downward pressure on the yuan , which has lost roughly 5.5% against the dollar this year. China ramps up liquidity support to banking system 2023-10-16T04:00:00Z Natixis' Garcia Herrero said the yuan is still a long way from challenging the dollar's dominance, citing its tiny share in the oil trade, and foreigners slashing holdings in Chinese stocks and bonds. China ramps up yuan internationalisation under Belt and Road Initiative 2023-10-19T04:00:00Z But further monetary easing could widen China's yield gap with the United States, putting fresh downward pressure on the yuan , which has lost roughly 5.5% against the dollar so far this year. China central bank ramps up liquidity support via policy loans, rate unchanged 2023-10-16T04:00:00Z The use of offshore accounts in Hong Kong entails converting yuan to other currencies. Exclusive: Mainland Chinese banned from opening new offshore trading accounts with local brokers 2023-10-12T04:00:00Z The use of offshore brokerage accounts in Hong Kong entails converting yuan to other currencies. China bans new offshore brokerage accounts in capital control move 2023-10-12T04:00:00Z The yuan was little changed against the dollar in both the onshore and offshore markets , with the onshore yuan last at 7.2942 per dollar. Dollar in holding pattern ahead of Fed minutes, US inflation test 2023-10-11T04:00:00Z The two Antipodean currencies are often used as liquid proxies for the yuan. Dollar loses steam ahead of Fed meeting minutes, US inflation test 2023-10-11T04:00:00Z Tuesday was no exception with the fix even stronger and the yuan holding just shy of its 50-day moving average at 7.2881 in the onshore market. Dollar stalls as dovish Fed tone dials down rate expectations 2023-10-10T04:00:00Z The actions, which will restrict capital outflows, come as faltering growth for the world's second-largest economy has spurred investment overseas, weighing on the yuan and prompting authorities to ramp up efforts to stabilise the currency. Exclusive: Mainland Chinese banned from opening new offshore trading accounts with local brokers 2023-10-12T04:00:00Z China's return from a week's break has traders' eyes back focused on the daily fix of the yuan's trading band, which has for weeks on end been far firmer than market expectations. Dollar slips as dovish Fed speak dials down rate expectations 2023-10-10T04:00:00Z In Asia, China's yuan held firm against the dollar on the first trading day after Golden Week holiday, underpinned by a stronger-than-expected official guidance fix. Dollar surges against euro on flight to safety amid Israel-Palestinian fighting 2023-10-09T04:00:00Z The price cut was disclosed in a filing last month on the China Beijing Equity Exchange that did not give a reason for the reduction from the original price of 3.68 billion yuan. Beijing Hyundai Motor cuts asking price for China auto plant by 30% 2023-10-09T04:00:00Z China's return from a week's break has traders' eyes back focused on the daily fix of the yuan's trading band, which has been set far firmer than market expectations for some time. Dollar stalls as dovish Fed tone dials down rate expectations 2023-10-10T04:00:00Z The original asking price was 3.68 billion yuan, and the statement did not give a reason for the reduction. Beijing Hyundai cuts asking price for Chongqing auto plant by 30% 2023-10-09T04:00:00Z Marcos Mollica, portfolio manager of the Opportunity Total fund, suggests taking a short position in China's yuan and a long position in the U.S. dollar given diverging economic paths. Hedge funds see Mexico and Ecuador as China alternatives 2023-10-03T04:00:00Z China's strains mean the yuan is down fractionally this quarter and 5% for year. Markets in Q3: Gains, pains and oil reigns 2023-09-29T04:00:00Z From January to August, a total of 375.76 billion yuan of lottery tickets were sold nationwide, up 51.6% from a year earlier, the data showed. China's lottery ticket sales soar amid weak economy, job prospects 2023-09-30T04:00:00Z China's yuan is also coming under pressure and only a very strong fixing of its trading band has held off sellers. Bond markets brace as oil climbs toward $100 a barrel 2023-09-28T04:00:00Z China's yuan is also coming under pressure - ahead of a week-long holiday that begins on Friday - on fresh concern that the struggling property market is swallowing growth. Dollar shines as oil surge spooks investors 2023-09-28T04:00:00Z China's sluggish economy meanwhile has hurt the yuan, which is down almost 6% against the dollar so far this year. Hedge funds see Mexico and Ecuador as China alternatives 2023-10-03T04:00:00Z "If a family travels together, they can save more than 1,000 yuan," on total visa fees, said Zhou Weihong, deputy general manager at travel agency Spring Tour. Holidays at home for record number of Chinese as economic slowdown bites 2023-09-28T04:00:00Z “Young people are more likely to win 5 million yuan in the lottery than to earn 5 million from a work,” one wrote on the popular Chinese microblog Weibo. China's lottery ticket sales soar amid weak economy, job prospects 2023-09-30T04:00:00Z Evergrande suspends trading in its shares, citing its inability to publish audited results before March 31, and an investigation of the property management arm in which 13.4 billion yuan of deposits were seized by banks. Worsening crisis at Evergrande, world's most indebted developer 2023-09-27T04:00:00Z Only a very strong fixing of its trading band has held off sellers and the yuan last changed hands at 7.3166 per dollar, not far from the weaker extremity of its trading band. Dollar shines as oil surge spooks investors 2023-09-28T04:00:00Z "Few currencies will resist the bullish dollar macro resiliency theme and the euro and Chinese yuan look more vulnerable than most." Dollar at 10-month top as US yields spike; yen slides 2023-09-26T04:00:00Z This largely played out on Monday - China's yuan slid back to a two-week low - and the dollar's broad value against a basket of major currencies hit its highest since November. ASIA Will Wall St bounce trump latest yield surge? 2023-09-25T04:00:00Z Every year hundreds of billions of yuan goes into procurement transactions, which for national security reasons cannot be fully revealed, and this lack of transparency is further compounded by China's one-party centralised system. Do China's recent military purges spell trouble for Xi Jinping? 2023-09-21T04:00:00Z China's central bank is constrained in how much it can ease monetary policy amid fears a widening interest rate gap with the United States would trigger capital flight and yuan falls, Yu said. Analysis: China's economic woes embolden calls for deeper reforms 2023-09-21T04:00:00Z The offshore yuan was unchanged at 7.3055 after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday. Dollar edges down before Fed decision, sterling falls on cooling UK inflation 2023-09-20T04:00:00Z China's yuan held at 7.3146 in offshore trade and has come under pressure from fresh fears the country's property market quagmire will swallow economic growth. Dollar at 10-month top as US yields spike; yen slides 2023-09-26T04:00:00Z The offshore yuan was largely unchanged after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday. Dollar holds fast ahead of Fed decision, sterling falls on cool UK inflation 2023-09-20T04:00:00Z Elsewhere in Asia, the offshore yuan was largely unchanged after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday, but later ticked down 0.1% to 7.3103 per dollar. Dollar holds fast, yen in shaky territory ahead of FOMC 2023-09-20T04:00:00Z Recent economic data showed the world's second-largest economy was finding its footing after a sharp slowdown, while yuan declines have reduced the urgency for authorities to aggressively lower interest rates to prop up growth. China keeps benchmark rates unchanged as economy finds footing 2023-09-20T04:00:00Z Recent economic data showed the world's second-largest economy was picking up steam, while yuan declines have reduced the urgency for authorities to aggressively lower interest rates to prop up slowing growth. China leaves benchmark lending rates unchanged, as expected 2023-09-20T04:00:00Z China's central bank is expected to stand pat on rates as fresh signs of economic stabilization and a weakening yuan constrain put the brakes on further monetary easing efforts, at least for now. Morning Bid: China rates eyed, oil hits new high 2023-09-19T04:00:00Z Country Garden, whose financial woes have hit the Chinese property sector outlook, earlier proposed to extend maturities of eight onshore bonds worth 10.8 billion yuan by three years. Country Garden wins approval to extend another onshore bond 2023-09-19T04:00:00Z "People are more inclined to go for a simple and niche wedding," said Chen, adding that a decade ago, it was common for couples to spend millions of yuan. Fewer 'I dos' ruin the party for China's $500 bln wedding industry 2023-09-19T04:00:00Z More attention should be given to the exchange rate of the yuan against a basket of currencies, Zou Lan, a China central bank official said at a news conference on Wednesday. China keeps benchmark rates unchanged as economy finds footing 2023-09-20T04:00:00Z Analysts said China has been under pressure to defend its weakening currency, the yuan, and the selling of U.S. debt may have been used for intervention purposes to prop it up. Foreign holdings of US Treasuries increase in July, China holdings plunge -data 2023-09-18T04:00:00Z "What stung people was not the 79 yuan price tag, but your attitude and opinions on us," reads a comment on Weibo, which has been liked thousands of times. What anger over top influencer says about China today 2023-09-15T04:00:00Z Under the terms of the agreement, the issuer, Guangdong Giant Leap Construction Co would provide no less than 200 million yuan as a pledged guarantee for the bond, the two sources added. Country Garden wins approval to extend another onshore bond 2023-09-19T04:00:00Z China's yuan got a boost from economic data in early Asian trading, which showed industrial output and retail sales grew at a faster-than-expected rate in August. Dollar slips off six-month high, yuan boosted by China data 2023-09-15T04:00:00Z Zou said China will curb market disruptions, correct one-sided yuan moves and guard against the risk of the currency overshooting. China keeps benchmark rates unchanged as economy finds footing 2023-09-20T04:00:00Z While the move was aimed at keeping liquidity ample and supporting a shaky economic recovery, it could exacerbate the decline in the already struggling yuan , as domestic rates fall further. Dollar firm, yuan strengthens on brighter China data 2023-09-15T04:00:00Z Market participants believe that a weakening Chinese yuan has constrained the central bank's efforts to aggressively lower interest rates after two reductions to the medium-term policy rate since June. China boosts liquidity with medium-term policy tool 2023-09-15T04:00:00Z The central bank also injected 105 billion yuan through seven-day reverse repos while keeping borrowing cost unchanged at 1.90%, it said in an online statement. China's cenbank boosts liquidity further with MLF policy tool, rate unchanged 2023-09-15T04:00:00Z Analysts said downward pressure on the yuan remained, as China's economic recovery is far from certain. Dollar slips off six-month high, yuan boosted by China data 2023-09-15T04:00:00Z The offshore yuan inched further down against the dollar to 7.2918 ahead of the data. Dollar firm as markets eye China data 2023-09-15T04:00:00Z Unsurprisingly, the move stopped the yuan's recent mini-revival in its tracks, and pressure on the currency on Friday will probably be to the downside again. Morning Bid: Ebullient markets nervously eye China data dump 2023-09-14T04:00:00Z With 400 billion yuan worth of MLF loans set to expire this month, the operation resulted in a net 191 billion yuan of fresh fund injections into the banking system. China boosts liquidity with medium-term policy tool 2023-09-15T04:00:00Z With 400 billion yuan worth of MLF loans set to expire this month, the operation resulted in a net 191 billion yuan of fresh fund injection into the banking system. China's cenbank boosts liquidity further with MLF policy tool, rate unchanged 2023-09-15T04:00:00Z LONDON, Sept 15 - The U.S. dollar was just below a six-month high in early European trading on Friday, having strengthened overnight following U.S. economic data, while the yuan got a boost from better-than-expected Chinese data. Dollar slips off six-month high, yuan boosted by China data 2023-09-15T04:00:00Z China's offshore yuan weakened on Thursday after the People's Bank of China said it would cut banks' reserve requirement ratio by 25 basis points. Dollar hits 6-month high after data, ECB announcement 2023-09-14T04:00:00Z But the monetary easing measures have widened the yield differentials with other major economies, particularly the United States, and have dented the yuan currency. China's central bank set to boost liquidity but keep policy rate steady 2023-09-14T04:00:00Z Cheung added that using liquidity instruments could ease strong interest rate cut expectations in the short term to reduce the impact on the yuan. China boosts liquidity with medium-term policy tool 2023-09-15T04:00:00Z Sources told Reuters last month that China's currency regulators asked some banks to reduce or postpone their purchases of U.S. dollars in order to slow the yuan's depreciation. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z In currency markets, a mini divergence between Japan's yen and China's yuan appears to be underway. Morning Bid: Painting the policy picture 2023-09-13T04:00:00Z Mr Wang, who was the firm's Communist Party chief, was also sentenced to a year in prison for illegally hiding 54.2 million yuan in overseas deposits. China insurance boss sentenced in finance crackdown 2023-09-13T04:00:00Z China's yuan also had its best day in six months on Monday, after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. World stocks stand firm, British data sends pound lower 2023-09-12T04:00:00Z However, authorities may be reluctant to cut rates further, worried that a widening yield gap with the United States would put more pressure on the yuan and risk outflows. China boosts liquidity with medium-term policy tool 2023-09-15T04:00:00Z The move would effectively mean some of the heavy dollar purchases by companies would be absorbed by banks and sit on their books for a while, thus partially reducing downward pressure on the sliding yuan. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z Reuters reported that China's central bank was tightening its scrutiny of bulk dollar purchases by domestic firms, at a time when the yuan faces mounting depreciation pressure. Yen gives back some gains, dollar rebounds before US CPI 2023-09-12T04:00:00Z Reuters reported that China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, at a time when the yuan faces mounting depreciation pressure. Yen finds support, dollar rebounds ahead of US inflation 2023-09-12T04:00:00Z The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. Stocks steady, dollar catches breath as traders eye US CPI 2023-09-12T04:00:00Z The yuan has lost more than 5% to the dollar so far this year to become one of the worst performing Asian currencies. China boosts liquidity with medium-term policy tool 2023-09-15T04:00:00Z Widening yield differentials with other major economies, particularly the United States, and a faltering domestic economic recovery have piled pressure on the yuan. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z Investors bearish on Asian currencies, partly on the view that continued weakness in the Chinese yuan will spur a domino effect of competitive FX depreciation across the continent, may have to think twice. Morning Bid: Japan waves ripple far and wide 2023-09-11T04:00:00Z The directive is being issued as the Chinese yuan has declined by about 6% against the U.S. dollar so far this year, falling to levels that were last seen during the 2008 global financial crisis. Exclusive: China's central bank to peruse bulk dollar purchases - sources 2023-09-11T04:00:00Z Against the weaker U.S. dollar, the Aussie and the New Zealand dollar were among the biggest beneficiaries, each rising around 1%, while also benefiting from yuan strength. Yen surges more than 1% on BOJ's remarks; dollar sinks ahead of US inflation 2023-09-11T04:00:00Z Meanwhile, China's central bank yanked the yuan off a 16-year low by setting the strongest official midpoint fixing - as compared with market expectations - on record. Morning Bid: China's weak property stocks set the pace 2023-09-11T04:00:00Z Its steady fall has also led to a lopsided market as exporters retain their dollar earnings in deposits rather than convert into yuan, or renminbi as the local currency is known in China. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z But complicating this is the yuan, which is at a 16-year low. Morning Bid: Tightest financial conditions this year bite 2023-09-10T04:00:00Z Didi posted a net loss of 300 million yuan, the company said in a statement on Saturday. China’s Didi Q2 revenue grows as regulatory curbs ease 2023-09-09T04:00:00Z China's onshore yuan pulled away from Friday's 16-year low after the central bank on Monday set the daily midpoint guidance with the strongest bias on record, signalling increasing discomfort with the currency's recent weakness. Yen surges more than 1% on BOJ's remarks; dollar sinks ahead of US inflation 2023-09-11T04:00:00Z The yuan's rapid decline has prompted authorities to step in and slow the pace of its depreciation. US dollar flat, but on track for eight straight weeks of gains; yuan sinks 2023-09-08T04:00:00Z China has in recent months stepped up its efforts to slow the pace of yuan declines by setting persistently stronger-than-expected midpoint fixings. China asks big banks to stagger and adjust dollar purchases - sources 2023-09-14T04:00:00Z China wants to use the Shanghai exchanges for yuan energy deals with oil producers. Venezuela's Maduro seeks to renew Beijing ties amid China-West tensions 2023-09-08T04:00:00Z China's onshore yuan, on the other hand, ended its domestic session at its weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. FOREX US dollar falls, but on pace for eight straight weeks of gains; yuan slumps 2023-09-08T04:00:00Z In contrast, the yuan fell to its weakest level since 2007 on worries about China's slowing economy. Stocks subdued after bruising week, dollar basks and yuan wilts 2023-09-08T04:00:00Z China's onshore yuan meanwhile ended its domestic session at the weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. Dollar set for longest weekly winning streak since 2014, yuan plumbs 2007 low 2023-09-08T04:00:00Z Meanwhile, market participants are anticipating a funding squeeze in the offshore yuan market to slow down this week's depreciation, UBS analysts wrote in a note. Yuan ends domestic session at weakest since 2007 as outflow pressure builds 2023-09-08T04:00:00Z Dollar gains have pushed the Chinese yuan to a 16-year low and have also prompted a step up in rhetoric from Japanese policymakers growing uncomfortable with the yen's slide. Stocks dig in heels, dollar winning run best since 2014 2023-09-08T04:00:00Z China's onshore yuan meanwhile dropped to its lowest level since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. Dollar heads toward longest weekly winning streak since 2014, yuan plumbs 2007 low 2023-09-08T04:00:00Z But that would be lower than 1.25 trillion yuan issued the same month a year earlier. China's Aug new yuan loans seen rebounding on policy support: Reuters poll 2023-09-08T04:00:00Z In Asia, China's yuan plumbed new lows in both the onshore and offshore markets, as it battles capital outflow pressures and a widening yield gap with major economies. Dollar charges toward longest weekly winning streak since 2014 2023-09-08T04:00:00Z A Chinese state-owned newspaper said on Friday that with the economy gradually recovering, there should be a little more confidence in the yuan exchange rate. Yuan ends domestic session at weakest since 2007 as outflow pressure builds 2023-09-08T04:00:00Z In Asia, traders were keenly watching moves in the Chinese currency, after the onshore yuan tumbled to a 16-year low in the previous session. Buoyant dollar on course for its longest weekly winning streak since 2014 2023-09-08T04:00:00Z Dollar gains have pushed the Chinese yuan to a 16-year low and have prompted a step up in rhetoric from Japanese policymakers growing uncomfortable with the yen's slide. Stocks stumble as 'dollar juggernaut' on a roll 2023-09-08T04:00:00Z Outstanding yuan loans were expected to grow by 11.1% in August from a year earlier, the same as in July, the poll showed. China's Aug new yuan loans seen rebounding on policy support: Reuters poll 2023-09-08T04:00:00Z The onshore yuan has fallen roughly 6% against the dollar so far this year and has become one of the worst-performing Asian currencies alongside its offshore counterpart. Dollar charges toward longest weekly winning streak since 2014 2023-09-08T04:00:00Z The rapid decline of the yuan has prompted authorities to roll out a slew of measures recently to contain the weakness. Yuan ends domestic session at weakest since 2007 as outflow pressure builds 2023-09-08T04:00:00Z China's yuan has depreciated steadily since February as the faltering post-pandemic economic recovery and widening yield gap with other economies, particularly the United States, affected capital flows and trade. Buoyant dollar on course for its longest weekly winning streak since 2014 2023-09-08T04:00:00Z Yu estimates his monthly mortgage payments would drop by 1,000 yuan, which would be somewhat offset by the lower interest income on his deposits. Analysis: China needs more than cheaper mortgages to revive spending 2023-09-07T04:00:00Z The sputtering economy needs stimulus, but any meaningful policy easing will almost certainly push the yuan even lower. Morning bid: No Happy Friday feeling as gloom persists 2023-09-07T04:00:00Z China's onshore yuan , on the other hand, slid to a 16-year low versus the greenback, under pressure from a property slump, weak consumer spending, and shrinking credit growth in the world's second-largest economy. Dollar firmer on solid US data; China's yuan tumbles to 16-year low 2023-09-07T04:00:00Z A growing yield gap with other major economies, particularly the United States, has also put fresh pressure on the yuan and a number of other emerging currencies. Yuan ends domestic session at weakest since 2007 as outflow pressure builds 2023-09-08T04:00:00Z The yuan's rapid decline has prompted authorities to step in to slow the pace of its depreciation. Buoyant dollar on course for its longest weekly winning streak since 2014 2023-09-08T04:00:00Z But they also warn that a 15 basis point cut in interest rates on Chinese households' 131.4 trillion yuan of deposits reduces interest income by 197 billion per year. Analysis: China needs more than cheaper mortgages to revive spending 2023-09-07T04:00:00Z The weaker the yuan gets, the greater the risk of investors pulling money out of China and exacerbating a doom loop of FX depreciation, asset market weakness and capital flight. Morning bid: No Happy Friday feeling as gloom persists 2023-09-07T04:00:00Z China's onshore yuan slid to a 16-year low, under pressure from a property slump, weak consumer spending and shrinking credit growth in the world's second-largest economy. Dollar rises on robust U.S. economy, yuan sinks to 16-year low 2023-09-07T04:00:00Z China's yuan fell on Thursday to its weakest against the dollar in onshore trading since the Global Financial Crisis, due to a stuttering economy, widening yield differentials with other major currencies and geopolitical tensions. Dollar climbs, stocks struggle on higher-for-longer rate bets 2023-09-07T04:00:00Z China's yuan fell on Thursday to its weakest against the dollar in onshore trading since the Global Financial Crisis, due to a stuttering economy, widening yield differentials with other major currencies and geopolitical tensions. Canadian dollar outlook seen less rosy as China's economy weakens 2023-09-07T04:00:00Z China's yuan fell on Thursday to its weakest against the dollar in onshore trading since the Global Financial Crisis, due to a stuttering economy, widening yield differentials with other major currencies and geopolitical tensions. Factbox: U.S IPO market poised for strong finish in 2023 amid a flurry of listings 2023-09-07T04:00:00Z China's yuan fell on Thursday to its weakest against the dollar in onshore trading since the Global Financial Crisis, due to a stuttering economy, widening yield differentials with other major currencies and geopolitical tensions. POLL Dollar to stay bright this year before fading in 2024 -analysts 2023-09-07T04:00:00Z To cushion the impact, banks on Friday cut interest rates on a range of yuan deposits. China's major banks to lower rates on existing first-home mortgages 2023-09-07T04:00:00Z Elsewhere, the People's Bank of China continued its bid to shore up the yuan by again setting strong official midpoints for the currency. Asia stocks slide on U.S. rate worries, dollar ascendant 2023-09-07T04:00:00Z The two antipodean currencies are often used as liquid proxies for the Chinese yuan. Dollar shines as US economy outperforms, yen at 10-month low 2023-09-07T04:00:00Z The two are often used as liquid proxies for the Chinese yuan. Dollar shines as US economy outperforms, yen plumbs 10-month low 2023-09-07T04:00:00Z Earlier this year, many analysts expected China's reopening to boost the yuan and other EM currencies, especially those exporting commodities to the world's second-largest economy, but this scenario did not unfold as anticipated. EM currencies face uphill battle as dollar's supremacy continues 2023-09-07T04:00:00Z FX reserves tend not to be big market-movers, but another decline could be seized upon - rightly or wrongly - as further evidence of the yuan's vulnerability and Beijing cooling on dollar-denominated assets. Morning Bid: Brittle markets brace for China trade blues 2023-09-06T04:00:00Z Russia and China are increasingly trading in China’s yuan, which replaced the U.S. dollar as Russia’s most traded currency in early 2023. War sanctions against Russia highlight growing divisions among the Group of 20 countries 2023-09-06T04:00:00Z China's yuan fell to a 10-month low against the dollar on Wednesday before paring some losses as state banks stepped in to offer support. Dollar steady near 6-month high on growth fears, weak yen draws warning 2023-09-06T04:00:00Z Meanwhile, China's yuan fell to a 10-month low against the dollar on Wednesday before paring some losses as state banks stepped in to offer support. Dollar holds near 6-month peak on global growth fears, fragile yen draws warning 2023-09-06T04:00:00Z Instead, China's yuan has fallen about 6% to a near 16-year low this year as a likely end of the country's economic boom hurt the commodity exporter. EM currencies face uphill battle as dollar's supremacy continues 2023-09-07T04:00:00Z China's yuan fell to a 10-month low against the dollar before paring some losses on Wednesday, as state banks stepped in to offer support to prevent the local currency from sinking further. Dollar steady as growth worries weigh, fragile yen draws warning 2023-09-06T04:00:00Z Sterling is down, as are the euro , the yuan , the yen and almost every other currency, while the dollar reaches for 6-month peaks, this time boosted by the arguments around relative U.S. economic strength. Morning Bid: Shedding pounds, buying dollars 2023-09-06T04:00:00Z The U.S. dollar also climbed against China's currency, and was last up 0.42% at 7.3081 against the yuan traded offshore and up nearly as much in onshore markets. Weak global activity data sends US dollar to six-month high, Aussie skids 2023-09-05T04:00:00Z In April, Bangladesh and Russia had agreed to use yuan to settle payments for the nuclear plant Moscow is building in the country, following western sanctions on Russia after the invasion of Ukraine. Russia's foreign minister Lavrov to visit Bangladesh ahead of G20 meeting 2023-09-05T04:00:00Z The Aussie also functions as a liquid proxy for the yuan , owing to the country's exports to China. Global stocks falter on weak China, Europe data; Aussie tumbles 2023-09-05T04:00:00Z The offshore yuan fell back sharply from levels recently achieved by indirect official intervention. AMERICAS Global business splutters, dollar surges 2023-09-05T04:00:00Z The dollar was strong across the board, climbing against China's currency, and was last up 0.47% at 7.3096 against the yuan traded offshore and up nearly as much in onshore markets. Weak global activity data sends dollar higher, Aussie skids 2023-09-05T04:00:00Z China's finance ministry is planning to contribute 60 billion yuan, said one person. Exclusive: China to launch new $40 bln state fund to boost chip industry, sources say 2023-09-05T04:00:00Z But so far no payment has been made through yuan, officials said. Russia's foreign minister Lavrov to visit Bangladesh ahead of G20 meeting 2023-09-05T04:00:00Z Over the weekend, the finance ministry said it had earmarked 1 billion yuan as disaster relief funds for floods, droughts or crop pests, state media Xinhua said. Storms from Typhoon Haikui drench China's Fujian province 2023-09-05T04:00:00Z The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan following weak data from Asia's largest economy and an uptick in U.S. Asian shares slip as China optimism fades; RBA in focus 2023-09-05T04:00:00Z The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan following weak data from Asia's largest economy and an uptick in U.S. Thai 2023 GDP growth, inflation seen lower than previous forecasts - c.bank chief 2023-09-05T04:00:00Z The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan following weak data from Asia's largest economy and an uptick in U.S. Australia economy gets a boost from visitors, infrastructure splurge 2023-09-05T04:00:00Z The average monthly wage in China was 11,300 yuan in June, according to government data. China's auto workers bear the brunt of price war as fallout widens 2023-09-05T04:00:00Z Country Garden itself faces 108.7 billion yuan worth of debts due within 12 months. Country Garden debt deal, China property support moves trigger relief rally 2023-09-04T04:00:00Z Those plans have barely been mentioned since 2015 when a capital outflows scare sent stocks and the yuan tumbling and engendered an official aversion to potentially disruptive reforms, analysts say. Analysis: Part of China's economic miracle was a mirage. Reality check is next 2023-09-03T04:00:00Z A social media user asked wryly, "Why would I pay 28 yuan for tomato with seasoning?" Fukushima: China's anger at Japan is fuelled by disinformation 2023-09-02T04:00:00Z "I was told that the price could be lowered by another 200,000 yuan, but we don't dare to buy it," she added. 'Too afraid to buy': China's slowing economy overshadows property easing moves 2023-09-01T04:00:00Z Elsewhere, the yuan rose to its highest since Aug. 11 after the People's Bank of China cut forex reserve requirements for the first time in a year. Dollar heads of first weekly loss since mid-July ahead of jobs report 2023-09-01T04:00:00Z It also has been talking with its onshore creditors to extend a 3.9 billion yuan private bond due Saturday. Explainer: Country Garden: How bad are the Chinese property developer's debt problems? 2023-09-01T04:00:00Z China's offshore yuan outperformed despite the loan rate cuts. AMERICAS Early Labor Day for markets 2023-09-01T04:00:00Z In Asia, the yuan jumped to its highest since Aug. 11 at 7.2392 per dollar in offshore trading , before paring most of those gains. Dollar set for weekly loss ahead of key jobs data; PBOC buoys yuan 2023-09-01T04:00:00Z Hozon's IPO plan comes after it announced a 7 billion yuan pre-IPO fundraising late on Tuesday in a social media statement. China EV maker Hozon Auto appoints banks for $1 bln Hong Kong IPO -sources 2023-09-01T04:00:00Z Elsewhere, the yuan strengthened after the People's Bank of China cut forex reserve requirements for the first time in a year. Dollar set for weekly loss as key jobs data looms; PBOC move buoys yuan 2023-09-01T04:00:00Z Rate cuts may also create risks of yuan depreciation and capital outflows, which China will be keen to avoid. Explainer: Why is China's economy slowing down and could it get worse? 2023-09-01T04:00:00Z Elsewhere, the Chinese yuan strengthened after the nation's central bank cut forex reserve requirements for the first time in a year. Dollar set for weekly loss as crucial US jobs data looms 2023-09-01T04:00:00Z The yuan bounced in both onshore and offshore trade to three-week highs after the news. China to cut banks' FX reserve ratio to rein in yuan weakness 2023-09-01T04:00:00Z South Africa’s rand is down, Turkey’s lira is up and China’s yuan and Malaysia’s ringgit are down for a fourth month in the last five. Emerging markets beaten back in August as China chills the mood 2023-08-31T04:00:00Z In Asia, the early focus turned to the yuan, which jumped to the highest since Aug. 11 at 7.2392 per dollar in offshore trading , before paring most of those gains. Dollar set for weekly loss as key jobs data looms; PBOC move buoys yuan 2023-09-01T04:00:00Z China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, to counter pressure on the yuan. Explainer: Why is China's economy slowing down and could it get worse? 2023-09-01T04:00:00Z In Asia, the early focus turned to the yuan, which jumped to the highest since Aug. 11 at 7.2392 per dollar in offshore trading , before paring some of those gains. Dollar set for weekly loss as crucial US jobs data looms 2023-09-01T04:00:00Z The yuan is one of the worst-performing Asian currencies this year, down about 5% against the dollar amid a sharp slowdown in China's economy and widening yield differentials with the United States. China to cut banks' FX reserve ratio to rein in yuan weakness 2023-09-01T04:00:00Z China's yuan strengthened to its firmest in 2-1/2 weeks against the dollar on Thursday after the central bank took measures to support the embattled property sector. Dollar gains on solid data, euro drops on cautious ECB comments 2023-08-31T04:00:00Z Offshore, it said it has completed 15 billion yuan worth of offshore refinancing in the first half, and it is getting ready to repay its three bonds totalling 11 billion yuan maturing next year. China developer Vanke sees pressure on profit amid market downturn 2023-08-31T04:00:00Z He purchased the land for his first development project in 1996 for 5 million yuan, borrowing more than half the amount, according to the biography. How Evergrande’s downfall signaled China’s property crisis 2023-08-31T04:00:00Z Exporters such as Ding, a Shanghai-based businessman, are holding on tightly to their dollar earnings, reluctant to sell and convert them into yuan, which recently skidded to nine-month lows. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z The central bank in July adjusted a parameter to allow companies to borrow more overseas, so they could bring in foreign currency to be converted onshore, thereby supporting the yuan. China to cut banks' FX reserve ratio to rein in yuan weakness 2023-09-01T04:00:00Z A marginally better-than-expected Chinese manufacturing survey kept the yuan, Australian dollar and New Zealand dollar steady, though all three are set for sizeable monthly drops on worries about China's economic slowdown. Euro slips as ECB policymaker takes cautious tone 2023-08-31T04:00:00Z A marginally better-than-expected Chinese manufacturing survey kept the yuan, Australian dollar and New Zealand dollar steady in Asia trade, though all three are set for sizeable monthly drops on worries about China's economic slowdown. Euro bounces on inflation while dollar braces for jobs 2023-08-31T04:00:00Z He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. How Evergrande’s downfall signaled China’s property crisis 2023-08-31T04:00:00Z The swaps allow exporters to place their dollars with banks and get yuan instead, but through a contract that will eventually reverse the flows and give them back their dollars. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z Cheung added that Friday's announcement reinforced the central bank's stance to defend a weakening yuan but was "unlikely to reverse the bearish picture of the yuan." China to cut banks' FX reserve ratio to rein in yuan weakness 2023-09-01T04:00:00Z China PMI data is expected to come in soft later in the day, keeping the yuan little changed in early offshore trade. Euro jumps on inflation while dollar braces for jobs 2023-08-31T04:00:00Z The People's Bank of China set the official mid-point for the yuan's onshore trading firmer than the Reuters estimate, something it has done every day since the middle of the month. Euro eases vs dollar as traders await further clues on Fed, ECB path 2023-08-30T04:00:00Z Country Garden has been talking with its onshore creditors to extend a 3.9 billion yuan private bond due Saturday. Some offshore creditors of Country Garden consider forming group for debt revamp talks 2023-08-30T04:00:00Z However, while they remove a much-needed source of dollar supplies into spot yuan markets, analysts reckon Chinese monetary authorities can't really force exporters to convert dollars. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z China's major state-owned banks were also seen repeatedly selling dollars in both onshore and offshore markets over the past months to stem rapid yuan losses. China to cut banks' FX reserve ratio to rein in yuan weakness 2023-09-01T04:00:00Z China's yuan was buoyed above a 10-month low in offshore trading after the country's central bank again set a much stronger than anticipated official mid-point. Dollar licks wounds after jobs shock; Aussie dips as inflation cools 2023-08-30T04:00:00Z The Beijing Municipal Bureau of Statistics later confiscated 5.34 million yuan of Mintz's "illegal proceeds" and imposed an administrative penalty of an equivalent amount, resulting in a total fine of about $1.5 million. US companies in China struggle with raids, slow deal approvals, anti-espionage law 2023-08-29T04:00:00Z Concerns about China’s weakening economy have also boosted the greenback in recent weeks, even as the yuan is being buoyed by the Chinese central bank's month-long effort to set the daily fixing at stronger-than-expected levels. Dollar drops after jobs data, yen briefly hits 10-month low 2023-08-29T04:00:00Z Ding had initially planned to convert his dollar holdings when the yuan weakened past 7-per-dollar, a level the local currency has crossed only three times since the 2008 Global Financial Crisis. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z Zhao told analysts on a call following the earnings release that Pinduoduo had invested billions of yuan in offering coupons across product sectors as part of that promotional period. Pinduoduo-owner PDD beats revenue expectations as promotions lure consumers 2023-08-29T04:00:00Z JP Morgan has estimated it would cost about 316 billion yuan to finish all the company's projects under construction, including both sold and unsold flats. All eyes on Country Garden's cash flow as troubled firm set to report loss 2023-08-29T04:00:00Z The yuan is down more than 5% against the U.S. dollar this year. Analysis: Chinese investors rush to offshore funds to offset domestic risks 2023-08-29T04:00:00Z Both remain lower for the year so far, as does the yuan, which has hardly caught a boost as doubts about China's economic outlook remain heavy. Morning Bid: Strikes, system failures and a slowdown 2023-08-29T04:00:00Z "As it is unlikely to see any fundamental change in the short run, the gravity of yield differentials will drag the yuan and prompt exporters to bet on the dollar." Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z Even on Monday, as markets bounced, foreign investors offloaded a net $1.1 billion in Chinese stocks and have been net sellers in 15 out of 16 previous sessions - keeping downward pressure on the yuan. Bonds rally, stocks drift as China boost fades 2023-08-29T04:00:00Z On Tuesday, Country Garden proposed adding a 40-day grace period for the repayment of a 3.9 billion yuan private onshore bond due Saturday. All eyes on Country Garden's cash flow as troubled firm set to report loss 2023-08-29T04:00:00Z Liu expects capital outflows could hit historical highs and says the situation is unlike the 2015 bout of massive outflows amid yuan depreciation "which was driven by those gray area transactions." Analysis: Chinese investors rush to offshore funds to offset domestic risks 2023-08-29T04:00:00Z Haddad acknowledged, however, that with this initial arrangement, Argentina's yuan reserves would decrease. CAF offers $600 mln in counter-guarantees for Brazilian exports to Argentina -ministers 2023-08-28T04:00:00Z A less remunerative but equally effective option is for them to place the dollars as deposits at 2.8%, and use that as collateral for yuan loans, with net gains of around 2%. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z This helps explain why the yuan remains under sustained downward pressure, languishing around the weakest level of the year against the dollar near the key 7.30 level. Morning Bid: China's stock flame fizzling already? 2023-08-28T04:00:00Z On Friday, it also extended a creditor voting deadline to Aug. 31 to delay repayment for an onshore private bond worth 3.9 billion yuan, a filing seen by Reuters showed. Shares of Country Garden set to rise after it sells stake in development 2023-08-28T04:00:00Z However, that was an improvement on the 66.4bn yuan loss the company reported for the same period a year earlier. Evergrande: Crisis-hit Chinese property giant reports $4.5bn loss 2023-08-27T04:00:00Z Trading of the stock has been halted since March last year pending the 2021 and 2022 results and the outcome of matters including an investigation into 13.4 billion yuan of deposits seized from a subsidiary. China Evergrande H1 net loss narrows to $4.5 bln 2023-08-27T04:00:00Z China's lenders have lowered those dollar deposit rates twice this year to discourage hoarding and spur exporters to convert their dollars into yuan, yet more of them seem to have turned instead to swaps. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z A break below that will take the yuan into territory not recorded since late 2007. Morning Bid: China's stock flame fizzling already? 2023-08-28T04:00:00Z Authorities also stepped up their defence of the yuan. Morning Bid: Dollar rockets as Powell trumps AI 2023-08-25T04:00:00Z In Asia's backyard, China has stepped up efforts to defend the yuan after its 5% sharp decline fuelled by a faltering post-pandemic economic recovery and widening yield differentials with major economies. Analysis: Asia's worries over currency volatility get in the way of rate cuts 2023-08-25T04:00:00Z The directive, issued this week, is for banks to restrict southbound purchases under the Bond Connect scheme, and is aimed at limiting the supply of yuan offshore, the sources said. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z China's central bank has meanwhile ramped up efforts to defend the yuan, by continuing its months-long trend of setting firmer-than-expected yuan mid-point benchmarks and even asking some domestic banks to scale back their outward investments. Exclusive: Chinese exporters using currency swaps to retain dollars as yuan sags 2023-08-31T04:00:00Z It is the latest in a raft of recent efforts to stem the yuan's slide and comes as China's financial markets suffer losses and heavy outflows. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z Her parents live in rural China and will soon reach retirement age, after which they can each receive meagre annual pensions of up to 1,500 yuan. Analysis: China has no pain-free solutions for its slowing economy 2023-08-24T04:00:00Z Still, the index is down about 8% so far this month due to weakness in China's economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile. Shares boosted by Nvidia-led rally as investors eye Jackson Hole 2023-08-24T04:00:00Z The move is the latest in a raft of recent efforts to make it harder to short the yuan and to prop up the currency against the U.S. dollar. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z Most analysts think the economy needs much more than the 4 trillion yuan China threw at it in the 2008 crisis, and it should go to local governments and banks. Stimulus or bust: Investors staying out of China until the spending starts 2023-08-24T04:00:00Z "And it could also drive offshore yuan yields higher to support the renminbi." Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z Yao spends 300 yuan a month on her father's medicines, the same as what a dance class costs. Analysis: China has no pain-free solutions for its slowing economy 2023-08-24T04:00:00Z Chinese investors have in recent months rushed to make dollar deposits and buy Hong Kong insurance, signalling stronger demand for foreign assets as the yuan comes under more pressure. Blackstone China unit gets nod to raise funds for overseas investments 2023-08-24T04:00:00Z The currency weakness underlines one of the key challenges for Beijing in its efforts to revive growth as any major monetary easing measures could further inflame yuan depreciation pressure and speed up capital outflows. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z The index is however down 8.1% so far this month due to the weakness in China's economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile. Asia stocks track Wall Street rally as treasury yields retreat 2023-08-24T04:00:00Z "Restricting yuan from flowing to offshore market could tighten offshore yuan liquidity to raise the financing cost," said one of the sources, who reckons the central bank's move is a strike against foreign yuan bears. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z Latin America's third-largest economy recently used $2.8 billion equivalent of yuan to cover just over half of two repayments from a 2018 IMF loan, in order to avoid a default to the multilateral lender. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z Overnight, Asian markets saw more focus on the weakness in China's economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile. Shares rise ahead of Nvidia results, bond yields retreat 2023-08-23T04:00:00Z However July was the first month of the year where the total fell, dropping by 24.6 billion yuan from a month earlier. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z The People's Bank of China sent further signals on that front on Wednesday: For a third straight day, it set the official mid-point for the yuan around 1,000 pips firmer than the Reuters estimate. Morning Bid: Move over bond selloff, it's Nvidia time 2023-08-23T04:00:00Z Several measures have been aimed at raising the cost of shorting the yuan offshore. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z Buenos Aires is not bound to immediately repay the yuan it has previously used in June, the source added. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z Platitudes aside, speculation persists that the central bank could be forced to take bolder action to support the yuan, perhaps by selling some of its large stash of U.S. Morning Bid: After the rebound, markets revert to type 2023-08-22T04:00:00Z For weeks the central bank been setting the yuan's trading band above market expectations, and state banks have been buying yuan in onshore and offshore foreign exchange markets. Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z China's battered yuan briefly firmed to a one-week high before weakening again as worries about the economy continued to weigh on the currency. Dollar higher as traders look to Jackson Hole gathering 2023-08-22T04:00:00Z China's state-owned banks have taken steps to squeeze yuan this week by mopping up cash from the market, other sources told Reuters earlier this week. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z Accessing yuan to make IMF payments offered a lifeline to Argentina, which is battling an acute scarcity of dollars and is struggling to keep alive its $44 billion program with the Fund. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z Implied yen volatility is relatively low in the yuan, and low across currency markets more broadly. Morning Bid: After the rebound, markets revert to type 2023-08-22T04:00:00Z Earlier this week China's major state-owned banks were drawing down offshore yuan liquidity in London and New York trade, driving the sudden rise in yuan forwards . Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z China's battered yuan briefly popped to a one-week high before weakening again as worries about the economy continue to weigh on the currency. Dollar shine fades as risk appetite rebounds for now 2023-08-22T04:00:00Z They started lending less to their peers, and then they were seen actively trading sell/buy swaps in the forwards market to absorb offshore yuan. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z China's yuan edged back down to around 7.30 per dollar, having shown signs of stabilisation after state banks had earlier used the offshore forwards market to defend it. Global stocks extend comeback, U.S. yields hit new peaks 2023-08-22T04:00:00Z The yuan stabilised around 7.2845 to the dollar after state banks had earlier used the offshore forwards market to defend it. Asia stocks snap losing streak, yields hit fresh peaks 2023-08-22T04:00:00Z One-month yuan borrowing costs in Hong Kong - another measure of offshore liquidity, which rises when supply is tight also hit near five-year highs earlier this week . Exclusive: China steps up yuan defence with bond limit guidance 2023-08-25T04:00:00Z China's yuan briefly popped to a one-week high as the central bank again tried to bolster the currency by setting a much stronger-than-anticipated daily mid-point, but those gains fizzled out quickly. Dollar eases before Jackson Hole, yen rises amid intervention jitters 2023-08-22T04:00:00Z Increased yuan bill sales by China's central bank in Hong Kong this week also helped tighten liquidity in the offshore market to help stabilise the yuan, a former central banker said. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z As punishment, the bureau confiscated 5.34 million yuan of the firm's "illegal proceeds" and imposed an administrative penalty of an equivalent amount, resulting in a total fine of about $1.5 million. China fines Mintz $1.5 mln for 'unapproved' work, after raiding its Beijing office 2023-08-22T04:00:00Z Rate cuts on Monday were disappointingly small, and were accompanied by state banks hitting the offshore forwards market to prop up the yuan. Morning Bid: Skyrocketing yields in the spotlight 2023-08-22T04:00:00Z The state banks were spotted mopping up offshore yuan liquidity on Monday, sources told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z With the yuan close to testing global financial-crisis lows, state banks have been selling dollars in the spot market and, sources told Reuters, in the offshore forwards market. Soaring yields leave stocks struggling for headway 2023-08-22T04:00:00Z The cost of staying short yuan, measured by short-term swaps , has shot up to 5.55%, levels last seen two years ago. Exclusive: China asks banks to limit some Connect bond outflows 2023-08-25T04:00:00Z The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan 2023-08-22T04:00:00Z The spread between Chinese and U.S. 10-year bonds widened to 180 basis points on Monday, the biggest gap since January 2007 and a growing source of severe downward pressure on the yuan. Morning Bid: A rare ray of light in selling gloom? 2023-08-21T04:00:00Z Following is a list of policy moves and measures to stem yuan weakness after the local currency weakened past the closely watched 7-per-dollar level in May: Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Soaring yields leave stocks struggling for headway 2023-08-22T04:00:00Z Analysts said concern around downward pressure on the yuan, which has lost nearly 6% against the dollar this year, is likely limiting the size and scope of rate cuts. US yields hit decade highs, European shares rise off 6-wk low 2023-08-21T04:00:00Z Tightening up offshore yuan liquidity could also act to stabilise the yuan, one of the sources said. China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z If the yuan continues to fall, however, speculation is sure to mount that more direct FX intervention could follow from Beijing via the sale of U.S. Morning Bid: A rare ray of light in selling gloom? 2023-08-21T04:00:00Z Tuesday's official guidance was 1,105 pips firmer than Reuters' estimate, the biggest such discrepancy during this round of yuan depreciation. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z While background suspicion of Chinese sales of Treasuries amid its ongoing support for the yuan, the biggest issue facing U.S. bonds is the unexpected strength of U.S. economic growth through July. Morning Bid: Bonds burn on as China rate cut underwhelms 2023-08-21T04:00:00Z Tightening up offshore yuan liquidity could also act to stabilise the yuan, said one of the sources. China's state banks seen mopping up offshore yuan liquidity - sources 2023-08-21T04:00:00Z The yuan has weakened more than 5% against the greenback so far this year, reflecting growing concerns about the outlook for the world's No.2. economy. China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z The Antipodean currencies often function as a liquid proxy for the yuan, owing to the region's exports to China, and are doubly vulnerable as the rate outlook drives up the greenback. Dollar steady as China disappoints, traders eye Jackson Hole meeting 2023-08-21T04:00:00Z China's major state-owned banks were seen actively mopping up the offshore yuan, sources told Reuters, a move that effectively raised the cost of shorting the Chinese currency. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z Analysts estimate Chinese banks sold at least $2 billion offshore last week on behalf of the PBOC, but only managed a temporary pause in the yuan's decline. Morning Bid: China takes the slow road on stimulus 2023-08-21T04:00:00Z The move effectively raised the cost of shorting the Chinese yuan , at a time the local unit is facing mounting depreciation pressure. China's state banks seen mopping up offshore yuan liquidity - sources 2023-08-21T04:00:00Z The cost of shorting the yuan jumped, the state bank sources told Reuters, as seen from sudden rises in offshore yuan tomorrow-next forward points . China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z Like the yuan, the yen is also on intervention watch, having fallen to levels around which authorities stepped in last year. Dollar steady as China disappoints, traders eye Jackson Hole meeting 2023-08-21T04:00:00Z China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, sources told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The yuan slid to the weak side of 7.3 per dollar despite a firm fixing of its trading range by the central bank. Dollar gains intact as China disappoints, traders eye Jackson Hole 2023-08-21T04:00:00Z The cost of shorting the yuan jumped, the sources said, as seen from sudden rises in offshore yuan tomorrow-next forward points . China's state banks seen mopping up offshore yuan liquidity - sources 2023-08-21T04:00:00Z Using FX swaps to raise the cost of shorting the currency is the key tool authorities have used in the past to influence the direction of the yuan. China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z The yuan has lost nearly 6% against the dollar so far this year to become one of the worst performing Asian currencies. China surprises with modest rate cut amid growing yuan risks 2023-08-21T04:00:00Z China's major state-owned banks were seen selling U.S. dollars to buy yuan in onshore spot foreign exchange market on Wednesday, sources told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The Antipodean currencies often function as a liquid proxy for the yuan owing to the region's exports to China. Dollar gains intact as China disappoints, traders eye Jackson Hole 2023-08-21T04:00:00Z Still, the dollar’s hold on global commerce has loosened somewhat in recent years as banks, businesses and investors have turned to the euro and China’s yuan. Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative? 2023-08-18T04:00:00Z During London trade, offshore yuan forwards jumped across the board amid signs of yuan liquidity tightness, with several banking sources attributing the liquidity squeeze to the activity by banks. China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z The People's Bank of China set a much-stronger-than-expected daily fixing, lifting the yuan from a 9-month lows a day earlier, while sterling fell after British retail sales fell more than expected in July. China worries set safe-haven dollar for fifth straight week of gains 2023-08-18T04:00:00Z China has maintained policy continuity and consistency and will continue to maintain the stability of the yuan exchange rate, the country's FX regulator told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z Like the yuan, the yen is also on intervention-watch, having fallen to levels around which authorities stepped in last year. Dollar gains intact as China disappoints, traders eye Jackson Hole 2023-08-21T04:00:00Z And the yuan is limited by Beijing’s refusal to let the currency trade freely in world markets. Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative? 2023-08-18T04:00:00Z The one-month dollar/yuan forwards traded offshore touched the highest level in a year. China state banks seen mopping up offshore yuan to stem currency weakness 2023-08-21T04:00:00Z So far, four films have surpassed the 2 billion yuan benchmark at the box office, another record for the summer film season, including suspense thriller "Lost in the Stars" and crime drama "No More Bets". China box office smashes summer records, Hollywood contributes little 2023-08-18T04:00:00Z China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade, sources with direct knowledge of the matter said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The Australian dollar , which often trades as a proxy for China and has tended to track the yuan in recent days, gave up early gains to slip 0.05% to $0.6399. Dollar set for fifth winning week on Fed bets, China worries 2023-08-18T04:00:00Z The two Antipodean currencies, often used as liquid proxies for the yuan, have also taken a beating over the past few sessions as a result of the darkening outlook over China's economy. Dollar near two-month high, investors eye intervention-zone yen 2023-08-17T04:00:00Z The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says 2023-08-17T04:00:00Z According to the China Film Administration, this year's summer film revenue, which covers June to August, has surpassed the previous record of 17.78 billion yuan achieved in 2019. China box office smashes summer records, Hollywood contributes little 2023-08-18T04:00:00Z The Politburo urged a "proactive" fiscal stance, "prudent" monetary policy, a stable yuan, livelier capital markets, measures to defuse mounting financial risks, and improvements in business and consumer confidence. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z China will also prevent overshooting risks of the yuan exchange rate and fend off systemic financial risks, the central bank said. China cenbank says it will keep policy 'precise, forceful' to aid recovery 2023-08-17T04:00:00Z The dollar is the big winner in the whole piece - soaring against China's yuan to its highest level of the year despite reports of Chinese state banks trying to prop up the renminbi. Accelerating US economy sideswipes markets 2023-08-17T04:00:00Z An expectation of monetary policy easing in China, juxtaposed with dollar strength, has driven yield differentials between the United States and China to the widest level in 16 years, pressuring the yuan further. China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says 2023-08-17T04:00:00Z Tom Cruise's "Mission: Impossible–Dead Reckoning Part One" made about 350 million yuan in more than a month of screening. China box office smashes summer records, Hollywood contributes little 2023-08-18T04:00:00Z China's major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades, sources with direct knowledge of the matter said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z In July, the central bank adjusted a parameter to allow companies to borrow more overseas, so that they could bring in foreign currency to be converted onshore, thereby supporting the yuan. Exclusive: China's state banks seen selling dollars for yuan in London and New York hours 2023-08-17T04:00:00Z Such dollar selling could limit falls in the offshore yuan and prevent it from diverging too far from its onshore counterpart . Exclusive: China's major state banks sell dollars for yuan in London, NY hours - sources 2023-08-17T04:00:00Z The hedge fund held a short position in the offshore yuan , the Aug. 2 presentation shows. China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says 2023-08-17T04:00:00Z The two antipodean currencies, often used as liquid proxies for the yuan, have also taken a beating over the past few sessions as a result of the darkening outlook over China's economy. Dollar shines on US economic resilience; Aussie tumbles after employment data 2023-08-17T04:00:00Z China's major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market, sources with knowledge of the matter said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The liquidity squeeze was not very drastic as aggressively mopping up yuan liquidity from that market could adversely affect bond market sentiment, one banker noted. Exclusive: China's state banks seen selling dollars for yuan in London and New York hours 2023-08-17T04:00:00Z Dollar selling was mainly to "control the pace of yuan depreciation," one of the sources said. Exclusive: China's major state banks sell dollars for yuan in London, NY hours - sources 2023-08-17T04:00:00Z A way to do this would be via derivatives called options aimed at profiting at certain price levels on dollar strength against yuan weakness, said the presentation, without confirming if EDL is using this strategy. China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says 2023-08-17T04:00:00Z Elsewhere in Asia, the yuan touched its lowest level since November in both the onshore and offshore markets as fears mounted about the extent of China's slowdown, falling as low as 7.3397 . Dollar ticks higher versus yen, China fears drag on yuan 2023-08-16T04:00:00Z China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market, sources with knowledge of the matter said, suggesting authorities wanted to slow the pace of the yuan's recent slide. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z Though they also trade on their own behalf or to execute clients' orders, state banks often act at the behest of the central bank when the yuan is under pressure, as it is now. Exclusive: China's state banks seen selling dollars for yuan in London and New York hours 2023-08-17T04:00:00Z Helped by its so-called ten billion yuan subsidy programme, customers are also logging on to JD.com's platform more often to make purchases, the company said, without providing figures. China's JD.com beats revenue estimates despite slowing economy 2023-08-16T04:00:00Z That saw Chinese and emerging market stocks fall further and the yuan hit a new low for the year as the yield premium on 10-year U.S. Bonds calm down but Chinese markets smolder 2023-08-16T04:00:00Z The Australian dollar , often used as a liquid proxy for the yuan, plumbed nine-month lows in response to the Chinese data. Dollar ticks higher versus yen, China fears drag on yuan 2023-08-16T04:00:00Z China's commerce ministry asked exporters, importers and banks about their currency strategies and how a weakening yuan could affect their businesses, sources who were part of the survey told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z "State bank dollar selling has become a new normal to slow the pace of yuan depreciation," said one Shanghai-based trader. Exclusive: China's state banks seen selling dollars for yuan in London and New York hours 2023-08-17T04:00:00Z Topsperity Securities said roughly 60 companies had disclosed that they owned Zhongrong's trust products, and a majority of them were small companies with less than 10 billion yuan of market value. Zhongrong Trust's missed payments trigger fears among Chinese investors 2023-08-16T04:00:00Z In Asia, the yuan tumbled to its lowest level since November in both the onshore and offshore markets, falling as low as 7.2989 per dollar , and hitting a trough of 7.3379 , respectively. Pound rises after UK inflation data, yuan hits 9-month low 2023-08-16T04:00:00Z In Asia, the yuan tumbled to its lowest level since November in both the onshore and offshore markets, falling as low as 7.2989 per dollar and hitting a trough of 7.3379, respectively.. China woes drag on yuan, Aussie; pound sways after UK inflation rate slows 2023-08-16T04:00:00Z The yuan is unlikely to experience sharp volatility as China's economic fundamentals, balance of payments and foreign exchange reserves are generally stable, the state-run Economic Daily said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The widening yield gap reduced foreign appetite in China's onshore yuan bonds, with latest official data showing overseas investors' holding declined in July. Yield gap between China and US widens to highest since 2007 after surprise rate cut 2023-08-16T04:00:00Z The China gloom saw the Australian and New Zealand dollars, often used as liquid proxies for the yuan, tumbling to their lowest levels since November in early Asia trade. Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes 2023-08-16T04:00:00Z The Chinese gloom initially saw the Australian dollar , often used as a liquid proxy for the yuan, plumbing nine-month lows. Pound rises after UK inflation data, yuan hits 9-month low 2023-08-16T04:00:00Z The China gloom similarly saw the Australian and New Zealand dollars, often used as liquid proxies for the yuan, plumbing nine-month lows. China woes drag on yuan, Aussie; pound sways after UK inflation rate slows 2023-08-16T04:00:00Z The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z But the expectations for further monetary easing and capital outflow risks has pressure on the Chinese yuan to depreciate further. Yield gap between China and US widens to highest since 2007 after surprise rate cut 2023-08-16T04:00:00Z Average income for employees in Shanghai is around 525 yuan a day, data from the city government shows, in line with what most drivers make working much longer hours than an office worker. Bumpy road for China's ride hailing drivers as economy slows 2023-08-16T04:00:00Z Deeper cuts may also create risks of yuan depreciation and capital outflows, which China will be keen to avoid. How much worse can China's economic slowdown get? 2023-08-15T04:00:00Z Net profit attributable to equity holders was 1.30 billion yuan, compared with 856 million yuan in the same period last year. Tencent Music's quarterly revenue rises as more Chinese users pay for music 2023-08-15T04:00:00Z China's yuan moves are broadly consistent with short-term economic fundamentals as well as the market's demand and supply dynamics, Financial News, a newspaper backed by the PBOC, said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The yuan has lost about 5.5% against the dollar since the start of the year, making it one of the worst performing Asian currencies. Yield gap between China and US widens to highest since 2007 after surprise rate cut 2023-08-16T04:00:00Z Up until recently, he made 400 yuan a day plus bonuses, going home before 8.00 pm. Bumpy road for China's ride hailing drivers as economy slows 2023-08-16T04:00:00Z The yuan weakened as far as 7.3115 per dollar for the first time since Nov. 4 in offshore trading , before bouncing back as major state-owned banks were seen selling dollars to support the local currency. Dollar firm, yuan slides after China unexpectedly cuts rates 2023-08-15T04:00:00Z Treasury yields and nervousness about the extent of crisis in China's property industry, which has been dragging down the yuan in spite of official resistance. Asia stocks stall, yuan slips as China cuts rates 2023-08-15T04:00:00Z It reiterated that the yuan will basically maintain stable, reasonable and balanced levels in mid- to long-term. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z The offshore yuan slumped on Monday to its lowest level this year, approaching the 7.30 per dollar mark, and the yuan's official onshore exchange rate is the weakest in a month. Morning Bid: China data deluge as EM turmoil deepens 2023-08-14T04:00:00Z “I don’t eat during the day, and I only have one meal after I get home at night,” said the 45-year-old, who drives from 6.30 am to 1 am to take home around 500 yuan. Bumpy road for China's ride hailing drivers as economy slows 2023-08-16T04:00:00Z China's yuan hit its lowest since June as traders look to a possible easing of 1-year interest rates on Tuesday. AMERICAS Bonds bruised, China stocks and rouble sink 2023-08-14T04:00:00Z China's rate cuts offered some hope that economic help was on the way, and in offshore trade the yuan hit a 9-1/2 month low of 7.2958 to the dollar. Asia stocks stall, yuan slips as China cuts rates 2023-08-15T04:00:00Z The yuan has lost about 5% to the dollar so far this year to become one of the worst performing Asian currencies. China c.bank seen leaving policy loan rate unchanged on Tuesday 2023-08-14T04:00:00Z Figures on retail sales and industrial output are due Tuesday and analysts assume they will underwhelm, keeping downward pressure on the yuan. Asia shares struggle to shake off China blues 2023-08-14T04:00:00Z Outstanding yuan loans expanded by 11.1% in July from the year before, the lowest so far this year, compared with 11.3% growth the previous month. China July new bank loans tumble, credit growth weakens further 2023-08-11T04:00:00Z The central Nanchengxiang outlet was packed on Thursday, as it has been every morning since the 3 yuan deal was launched in May, according to staff. Breakfast for 40 cents: what China's deflation looks like 2023-08-10T04:00:00Z Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. Analysis: Biden's tech curbs to keep investors sidelined, fearing more steps 2023-08-10T04:00:00Z The offshore yuan sank to the weakest since July 7 at 7.2514 on Tuesday. Dollar in holding pattern as US inflation test looms; PBOC supports yuan 2023-08-10T04:00:00Z The Chinese yuan, however, got some respite after the central bank set a stronger official rate than expected, signalling its discomfort with recent declines. Dollar firm on safe-haven demand as markets fret over China, banks 2023-08-09T04:00:00Z In September, Country Garden has a 5.8 billion yuan bond maturing and a 48 million yuan coupon due, as well put options on a further 3.4 billion yuan of paper. Country Garden misses bond payments as China property fears flare 2023-08-08T04:00:00Z Xishaoye, a Beijing-based burger franchise, has also advertised lower prices, with staff saying some items will be as cheap as 10 yuan. Breakfast for 40 cents: what China's deflation looks like 2023-08-10T04:00:00Z China's yuan hit a three-week low and Asian stocks turned weaker after the data. China's trade slumps, threatening recovery prospects 2023-08-08T04:00:00Z The Aussie , which has tended to follow the yuan closely this week, was little changed at $0.6530, off Tuesday's trough at $0.6497, the lowest level since June 1. Dollar in holding pattern as US inflation test looms; PBOC supports yuan 2023-08-10T04:00:00Z The Australian and New Zealand dollars, often used as liquid proxies for the yuan, were meanwhile weaker in early Asia trade. Dollar creeps higher ahead of US, China economic data 2023-08-08T04:00:00Z It also warned that it would post an unaudited net loss for the six months ending June 30, compared with a net profit of 1,910 million yuan a year earlier. Country Garden misses bond payments as China property fears flare 2023-08-08T04:00:00Z Baoding prefecture, which administers Zhuozhou, said hundreds of bridges and hundreds of kilometres of rural roads had been water-damaged, with direct economic losses reaching nearly 17 billion yuan as of Saturday. As floodwaters recede, Chinese city faces 'bitter' days ahead 2023-08-07T04:00:00Z And Chi Lo, senior investment strategist at BNP Paribas Asset Management in Hong Kong, said such flows are only one part of the yuan’s direction and that it can stay strong. Analysis-Yuan loses core support as firms leave China 2023-08-07T04:00:00Z The last time China Life tapped the bond market was in March 2019, when it issued 35 billion yuan's worth in China's interbank bond market. China Life mandates banks for up to $2 bln bond offering 2023-08-07T04:00:00Z "While the narrative of soft recovery in China likely remains intact in the short-term, continued support from the Chinese government should boost the yuan." Dollar tentative as US inflation data looms 2023-08-07T04:00:00Z The government had previously allocated 170 million yuan for rescue and recovery work. China raises emergency response level for floods in northeast 2023-08-06T04:00:00Z The owner of a local packaging factory estimated he suffered at least 15 million yuan of losses. As floodwaters recede, Chinese city faces 'bitter' days ahead 2023-08-07T04:00:00Z "The rise in oil prices, coupled with the weakened rouble, reminds us of prospects for the start of yuan purchases under the budget rule," said Bank St Petersburg analysts. Russian rouble tumbles to over 16-month low past 94 vs dollar 2023-08-02T04:00:00Z The informal instruction, or the so-called window guidance, was meant to slow the pace of yuan depreciation, the sources said. Exclusive: China asks some banks to reduce or delay dollar buying to ease pressure on yuan -sources 2023-08-01T04:00:00Z For the year, however, net buying sits around 230 billion yuan, having more or less stalled after net inflow of 186 billion yuan in the first quarter as economy lost its post-pandemic bounce. Analysis: Words only go so far: Investors want property fixed before buying China 2023-07-31T04:00:00Z It added it had a dispute involving about 1 billion yuan with a company related to a mega-project in the northern city of Changchun, without giving the name of the company. Dalian Wanda settles dispute with China Vanke over mega project - Wanda official 2023-07-28T04:00:00Z “Banana, zinc, and wood manufacturing exporters are conducting transactions in yuan, as well as importers of vehicles and capital goods.” Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z Russia resumed foreign currency interventions in January, selling China's yuan rather than what it terms "unfriendly" Western currencies. Russian rouble tumbles to over 16-month low past 94 vs dollar 2023-08-02T04:00:00Z That leaves a yuan swap line with Beijing, which Latin America's third biggest economy could use to avoid going into arrears with the IMF. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The politburo urged a "proactive" fiscal stance, "prudent" monetary policy, a stable yuan, livelier capital markets, measures to defuse mounting financial risks, and improvements in business and consumer confidence. Factbox: Key takeaways from China's politburo meeting on the economy 2023-07-26T04:00:00Z Policymakers also said China will keep the yuan exchange rate basically stable at reasonable and balanced levels, and vowed to invigorate the capital market and restore investor confidence. China state banks seen selling US dollars to prop up yuan -sources 2023-07-25T04:00:00Z “The amount being used in yuan is still relatively small, but it will increase over time,” Montenegro said. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z The yuan jumped, but it had help from China's state banks, which sources said were buying onshore and offshore early in the Asian day. Morning Bid: Earnings, China hold spotlight ahead of big rates decisions 2023-07-25T04:00:00Z Argentina used $1.1 billion in yuan from a recently extended and expanded swap line with China to complete the June payment to the IMF. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The offshore yuan strengthened in early Asia trade, following comments from China's top leaders on Monday pledging to step up policy support for its flailing economy. Euro staggers as traders wary of hawkish ECB; dollar gains 2023-07-25T04:00:00Z "I wouldn't say its an incentive. It's a benefit. But would our company stay in China forever for this 6 million yuan? No." Analysis: China's pitch to foreign investors falls flat as incentives dwindle 2023-07-24T04:00:00Z With these transactions, Bolivia joins other countries in South America, most notably Brazil and Argentina, which are using the yuan. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z The central bank has been reluctant to ease policy because the already weak yuan could come under even greater selling pressure, so investors are pinning their hopes on a fiscal boost from Beijing. Morning Bid: G3 central banks and China Politburo bonanza 2023-07-23T04:00:00Z If Wanda Commercial manages this repayment, the next deadline will be a 3.5 billion yuan onshore bond due on July 29. Explainer: Dalian Wanda's repayment woes weigh on China property sentiment 2023-07-21T04:00:00Z Where Beijing seems to be having greater impact is in propping up the Chinese yuan , which was holding the bulk of Thursday's gains after another stronger-than-forecast midpoint setting on Friday. EUROPE Markets shrug off upbeat news from Japan and China 2023-07-21T04:00:00Z The Aussie dollar surged 1% on a combination of a firmer yuan and better-than-expected jobs data that boosted market bets on further interest rate hikes. EUROPE Barbie hits the box office 2023-07-20T04:00:00Z The use of the yuan comes at a time when China’s footprint in the region is increasing with rising trade and investment. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z Meanwhile, China's yuan shot up after authorities tweaked cross-border financing rules and major state-owned banks were seen selling dollars in moves analysts said were designed to shore up the currency. Asia stocks gain; US futures slip after Netflix, Tesla earnings 2023-07-20T04:00:00Z China's central bank on Thursday also announced a relaxing of a cross-border financing rule, making it easier for domestic firms to raise funds from overseas markets and easing depreciation pressure on the yuan currency. Exclusive: China's state banks seen selling dollars offshore to slow yuan declines - sources 2023-07-20T04:00:00Z With Russia's domestic production increasingly dependent on importing assembly kits from China, profits are beholden to the yuan exchange rate, a source close to one of the factories said. Focus: Made in Russia? Chinese cars drive a revival of Russia's auto factories 2023-07-20T04:00:00Z The yuan is languishing near November's 15-year low against the dollar, and widening the U.S.-China yield differential will add to the downward pressure and risk triggering large-scale capital outflows. Morning Bid: China to keep rates on hold ... for now 2023-07-19T04:00:00Z “China’s new role as a lender of last resort in Argentina, and the use of the yuan for international trade by Bolivia, are a sign of the times.” Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z The e-CNY, as the digital yuan is called, has so far been used mainly for domestic retail payments. China's digital yuan transactions seeing strong momentum, says cbank gov Yi 2023-07-19T04:00:00Z In the onshore market , the yuan followed a similar upward bounce, but it is still down about 4% against the dollar year-to-date, making it one of the worst performing Asian currencies for 2023. Exclusive: China's state banks seen selling dollars offshore to slow yuan declines - sources 2023-07-20T04:00:00Z "First thing in the morning you look at the yuan rate, because margins and prices depend on this," the source said. Focus: Made in Russia? Chinese cars drive a revival of Russia's auto factories 2023-07-20T04:00:00Z Excluding the pandemic, the index is at its lowest since 2015 just before Beijing's shock mini yuan devaluation. ASIA Gap between Asia and world markets widens 2023-07-18T04:00:00Z In Bolivia, the yuan started to be used after months of severe dollar shortages that have been impacting the country’s economy since February. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z Evergrande's shares listed in Hong Kong have been halted from trading since March 21 last year, pending the financial results and an investigation into a 13.4 billion yuan of seized deposits of a unit. Evergrande's overdue results to show steep losses, market eyes liquidity update 2023-07-17T04:00:00Z Such state bank dollar selling was meant to slow the pace of yuan declines, one of the sources said. Exclusive: China's state banks seen selling dollars offshore to slow yuan declines - sources 2023-07-20T04:00:00Z Battling an acute dollar scarcity, in June it paid part of $2.7 billion due to the Washington-based lender with Chinese yuan from a Beijing swap line. Analysis: Pakistan and Argentina bonds' surge belies bigger reform hurdles 2023-07-17T04:00:00Z The market reaction was disgruntled with Chinese shares down and the yuan easing. Morning Bid: Bland China data leaves market hungry for stimulus 2023-07-17T04:00:00Z Some analysts and members of the opposition have questioned the move to use the yuan. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z With 100 billion yuan worth of MLF loans set to expire this month, the operation resulted a net 3 billion yuan fresh fund injection into the banking system. China rolls over medium-term policy loans, rate unchanged 2023-07-17T04:00:00Z Aggressive easing could also trigger more capital outflows from China's struggling financial markets and pressure the yuan currency, which recently skidded to eight-month lows. China economic data likely to show recovery is fading quickly 2023-07-16T04:00:00Z Indian refiners have settled some payments for Russian oil imports in Chinese yuan, but the U.S. dollar remains the dominant currency for such payments, a senior government official said. China's top diplomat urges stable ties with India as military tensions simmer 2023-07-15T04:00:00Z Investors' favourite liquid China proxy, the Aussie dollar, was modestly under water as analysts suspect Beijing will allow the yuan to keep depreciating as one form of indirect stimulus. Morning Bid: Bland China data leaves market hungry for stimulus 2023-07-17T04:00:00Z The manager of the Chamber of Exporters of Bolivia, Marcelo Olguín, dismissed the criticism, characterizing the use of the yuan as merely “an alternative to operate.” Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z The central bank also injected 33 billion yuan through seven-day reverse repos and kept borrowing costs unchanged at 1.90%, it said in an online statement. China rolls over medium-term policy loans, rate unchanged 2023-07-17T04:00:00Z The dollar remains on the back foot as a result, including against Asia's other troubled currency, the Chinese yuan , which drew some rousing commentary from the People's Bank of China. Morning Bid: Relief over US inflation keeps Asia upbeat 2023-07-14T04:00:00Z Morgan Stanley just turned "tactically bullish" on China's yuan following its poor start to the year. Pain trade or same trade? Investors refuse to fold on recession bets 2023-07-13T04:00:00Z "Other issues are INE copper being denominated in yuan, which makes things more complicated for the international market, and there is a problem generally with low stocks," said an industry source. Exclusive: Shanghai Futures Exchange targets commodity storage outside China - sources 2023-07-13T04:00:00Z Beijing is welcoming this new dynamic after years of a concerted effort to push for the yuan to be used more widely on the international stage. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z However, some market watchers now expect policymakers to deliver fiscal stimulus, as any further interest rate cuts would widen the yield gap with the United States, putting the yuan under more pressure. China rolls over medium-term policy loans, rate unchanged 2023-07-17T04:00:00Z China and Hong Kong stocks and the yuan were more upbeat as signs of some government support for the stuttering economy emerged. Morning Bid: Bond yields recoil on disinflation buzz 2023-07-11T04:00:00Z Gains in the two Antipodean currencies against the dollar were capped by China's faltering economic recovery, as both are often used as a liquid proxy for the Chinese yuan. Dollar slips as Fed hike cycle nears end; focus on US inflation 2023-07-11T04:00:00Z Chinese and broader Asian stocks rose for the first time in four sessions, while the yuan and yen strengthened to two-week highs against the dollar. Morning Bid: Markets soothed as peak Fed looms 2023-07-10T04:00:00Z Experts agree though that any large-scale shift to the yuan is unlikely in the near future. Bolivia is the latest South American nation to use China’s yuan for trade in challenge to the dollar 2023-07-27T04:00:00Z The soft data saw the yuan lose early gains but Chinese blue chips are still up, in part thanks to hopes that Beijing is relaxing its regulatory grip on the tech sector. Morning Bid: China disinflation a mix of good and bad 2023-07-10T04:00:00Z The weaker-than-expected inflation readings knocked financial markets with the offshore yuan paring earlier gains. China's factory gate prices fall at fastest pace in 7 years 2023-07-10T04:00:00Z The offshore yuan , which has come under pressure in recent months as a result of the country's faltering economic recovery, was last marginally lower at 7.2341 per dollar. Dollar softens, China inflation data takes centre stage 2023-07-10T04:00:00Z Ant said it had proposed to all of its shareholders to repurchase up to 7.6% of its equity interest at a price that represents a group valuation of approximately 567.1 billion yuan. Ant's share repurchase plan values firm around $79 bln, down sharply before crackdown 2023-07-08T04:00:00Z The final amount of the fine has been revised to at least 8 billion yuan, the sources said. Exclusive: China to end Ant Group's regulatory revamp with fine of at least $1.1 billion 2023-07-07T04:00:00Z Even the Chinese yuan is expected to gain 3.5% to 7/$ in six months, despite its central bank cutting rates just a few weeks ago. EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll 2023-07-06T04:00:00Z The cash-strapped country bundled its June payments in a similar way - as it is permitted to do - and paid partly in Chinese yuan as it suffered a shortage of dollar reserves. Argentina to push July IMF debt payments to month-end -source 2023-07-06T04:00:00Z In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering economic recovery in China continued to put downward pressure on the yuan. Dollar firms on rate hike views after Fed minutes, yen treads water 2023-07-06T04:00:00Z |
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