Renminbi (RMB)

Willas-Array attributes its earnings decrease to a foreign exchange loss of HK$32.8 million due to the depreciation of the RMB.

China’s rulers are confident the day will come when the Renminbi replaces the US Dollar as the global reserve currency.

The mechanisms and intent of RCEP are consistent with China’s new view of its relationship with the world, says Guppy.

  Technical outlook for the Shanghai market The Shanghai Index gapped below the support level near 2,830. This was the lower edge of a broad trading band and represented the lower edge of the market oscillation around the 2,920 level. The upper edg

(Sept 19): China won’t devalue its currency in order to make its exports more competitive amid the trade war with the US, Premier Li Keqiang said, hours after his country retaliated against the latest increase in tariffs by the Trump administration.

WASHINGTON (April 13): President Donald Trump said he won’t brand China a currency manipulator, retreating from core campaign promise, though he argued that a strong dollar is hampering the ability of American firms to compete.

SINGAPORE (Jan 24): Tail risks, no matter how unlikely, are not entirely implausible, exceptionally rare, or unknown. Despite falling short of base case expectations, the improbability does not undermine their potential impact to financial markets.

SINGAPORE (Sept 30): Starting Saturday Oct 1, China’s currency will be included in the International Monetary Fund’s (IMF) official foreign exchange reserves database.

SINGAPORE (Aug 29): HSBC Global Research believes China’s policymakers will be seeking to advocate a “more medium-term agenda” for the global economy in next week’s G20 Leaders Summit.

SINGAPORE (Aug 19): There have been more benefits than costs to China’s decision over a year ago to change its currency fixing levels, even if waves of volatility rocked financial markets after the news was announced on August 11, 2015.