Yuan

New Business

China’s offshore yuan jumps to 6-month high as rollback of ‘egregious’ tariffs seen likely

The offshore yuan strengthened and broke past the 7.2 level against the US dollar for the first time since November,…

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Explainer | How China is expanding and accelerating its ‘special bonds’ programme

China’s Ministry of Finance kicked off its issuance of ultra-long-term special government bonds for 2025 on Thursday, as part of…

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China rolls out plan to promote its own payment system as US trade war simmers

China has released an action plan to promote the use of the yuan and its own payment system in international…

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China’s yuan sees payment popularity rise amid ‘soaring volatility’ in US Treasury market

Enterprises are growing more keen on using the yuan in the settlement of international payments – a trend emerging as…

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China opts for stability over devaluation as tariff tremors give yuan a jolt

While China’s central bank has set the yuan’s daily reference rate to a four-month low against the US dollar, the…

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Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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China battles to stabilise yuan after Trump’s tariffs spark market upheaval

China’s central bank set the fixing rate for the yuan against the US dollar at its lowest level since January…

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Xpeng bets big on flying cars with US$413 million investment in new Guangzhou factory

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition…

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Opinion | Like yuan internationalisation, US re-industrialisation is a fairy tale

Incredibly, the world witnessed a striking split-screen last week: US President Donald Trump addressed a joint session of Congress while…

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Economists rebuke Trump’s currency claims, explain why Beijing wants yuan stable

US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing…

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