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Chinese banks report net forex purchase
Chinese banks saw a net foreign exchange purchase in 2020 as the yuan's exchange rate remained generally stable despite increasing fluctuations, data from the country's forex regulator showed Friday.
Chinese yuan extends gains against USD to 28-month high
The central parity rate of the Chinese currency renminbi, or the yuan, extended gains Tuesday to hit a new high in 28 months against the U.S. dollar.
Chinese banks phase out use of "counter-cyclical" factor in yuan pricing: regulator
Some Chinese banks have phased out the use of the "counter-cyclical" factor in the pricing mechanism of the yuan's central parity rate against the greenback, according to an online statement of the country's forex regulator.
RMB to remain long-term attraction to the global market, experts
The Chinese currency renminbi (RMB), or the yuan will remain the long term attraction to the global market, and RMB assets will show the ability of proliferation, according to experts.
Experts expect Chinese yuan to keep steady upward trend in H2
The central parity rate of the Chinese currency renminbi, or the yuan, has been fluctuating around 7 in the last week. Experts generally believe that the exchange rate of the yuan will remain stable and rise steadily in the second half of the year.
China's forex market turnover at 15.67 trillion yuan in May
China's foreign exchange (forex) market in May recorded a turnover of 15.67 trillion yuan, or 2.21 trillion U.S. dollars, data showed.
China's yuan funds outstanding for forex purchase fall further
China's yuan funds outstanding for foreign exchange purchase declined for the third month in a row in April, the central bank data showed Thursday.
China's forex regulator improves rules to facilitate foreign trade, investment
China's foreign exchange regulator said Tuesday that it will streamline or ease some rules from Tuesday to facilitate cross-border trade and investment.
China facilitates foreign exchange risk management in interbank bond market
China further facilitated overseas institutional investors to manage foreign exchange risks in the interbank bond market, according to the State Administration of Foreign Exchange.
China's November forex market turnover at 16.08 trillion yuan
China's foreign exchange (forex) market reported a turnover of 16.08 trillion yuan (about 2.29 trillion U.S. dollars) in November, official data showed.
China plays pivotal role in structural change of forex market: UBS
China is playing a pivotal role in structural change of foreign exchange market thanks to its rising economic power and a leading role in technological innovation, said a report recently issued by international investment bank UBS.
China's October forex market turnover at 13.56 tln yuan
China's foreign exchange (forex) market reported a turnover of 13.56 trillion yuan (about 1.92 trillion U.S. dollars) in October, official data showed.
China sees current account surplus in H1
China reported a current account surplus of 88.2 billion U.S. dollars in the first half of 2019, latest data from the country's forex regulator showed Friday.
Chinese yuan strengthens to 7.0657 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 189 pips to 7.0657 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
Chinese banks post forex settlement deficit in July
China's commercial banks saw a net forex settlement deficit of 42.3 billion yuan, or 6.1 billion U.S. dollars, in July, the country's forex regulator said Monday.
China confident of keeping yuan stable
China's central bank on Monday reiterated that it is confident in its capability of keeping the yuan's exchange rate basically stable after both the onshore and offshore yuan broke seven against the U.S. dollar.
China's real, nominal EERs continue dropping in June: BIS
China's real and nominal effective exchange rates (EERs) continued to drop in June, data from the Bank for International Settlement (BIS) showed.
China Focus: China's forex reserves expand with increased opening-up efforts
China's foreign exchange reserves expanded slightly to 3.11 trillion U.S. dollars at the end of June, official data showed Monday.
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