Yuan
China asks some banks to reduce or delay dollar buying, sources say
Wed, Aug 02, 2023
China's currency regulators are asking some commercial banks to reduce or postpone their purchases of US dollars in order to slow the yuan's depreciation, two people with direct knowledge of the matter said.
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Power Breakfast: US Market Slips On Straight 5th Day, Dow Drops 330 Pts, China's Yuan At 14-Year Low
Tue, Sep 27, 2022
US markets fell for the fifth consecutive day on Monday. Dow Jones fell 330 points, Nasdaq 0.6%, Russell 2000 1.4%. China's yuan hit a 14-year low. UK pound also fell to a record low. Gold hits 2.5-year low.
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China Central Bank to issue bills in Hong Kong to contain decline in Yuan
Tue, Jun 11, 2019
China`s central bank said on early Tuesday it will sell yuan-denominated bills in Hong Kong in late June, in a move that some market analysts believed was aimed at stemming a sharp decline in the yuan currency.
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China seeks to soothe markets as trade angst rattles stocks, yuan
Tue, Jul 03, 2018
Stocks also sank in morning trade as Beijing and Washington hurtled toward an end-of-week tariff deadline that has kept investors in China nervous, although they recouped their losses and ended the day in positive territory.
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China unveils fresh steps to curb capital outflows, spur inflows
Thu, Jan 26, 2017
Inorder to curb capital outflows and to boost foreign currency inflows of the country, China's foreign exchange regulator State Administration of Foreign Exchange (SAFE) has issued new guidelines in the latest step to ease pressure on the yuan currency.
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China steps up capital controls, tightens investment rules for state firms
Wed, Jan 18, 2017
China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.
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Global stocks rise as commodities rally; dollar falls vs yen
Thu, Jan 12, 2017
Stocks rose worldwide on Tuesday supported by a rally in commodities such as copper and silver, while the dollar fell against the yen on investor caution ahead of a news conference by U.S. President-elect Donald Trump on Wednesday.
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China central bank adviser calls for flexible 2017 growth target
Sun, Jan 01, 2017
The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.
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