Chinese yuan

China tries to internationalise its currency

The emergence of China as an economic and financial powerhouse has been much quicker than often anticipated. Whether in terms of technological advances, industrial development, global trade or involvement in the capital markets, China's …

Beijing sets yuan at its weakest level since 2008

China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …

 Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …

Will Shanghai International Energy Exchange save oil?

China’s yuan-denominated crude-oil futures surged on their long-awaited debut on the Shanghai International Energy Exchange today, indicating positive initial sentiment toward the new market, which Beijing hopes will eventually give …