chinese yuan news
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Taiwan banks' RMB deposits top 60b yuan
Taipei :: Taiwan | 5 days ago
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Outstanding renminbi-denominated deposits at financial units in Taiwan hit a record high of 60.26 billion yuan ($9.72 billion) as of May 15, the island's monetary authority said on Friday. The figure represents a 54.5-percent surge from the end of
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China ready to free capital flows?
Wenzhou :: China | 9 days ago
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As the Dow Jones Industrial Average climbed to an all-time high above 15,000 points last week, Zhang, a shoe factory owner in the Chinese city of Wenzhou, yearned to draw money from lackluster domestic markets and invest in US stocks...Two years ago,
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China to simplify foreign exchange rules on foreign direct investment
Huaibei :: China | 11 days ago
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News Analysis & Opinion Related Topics A bank clerk counts U.S. dollar banknotes on bundles of 100 Chinese yuan banknotes at a branch of a bank in Huaibei, Anhui province April 26, 2012. China's foreign exchange regulator will this month simplify the
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China tightens rules on capital inflows
Mumbai :: India | 16 days ago
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China will increase scrutiny on importers and exporters who channel in money disguised as trade bills, the top foreign exchange regulator said, after the Chinese yuan hit a record high last week. The State Administration of Foreign Exchange said in a
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Yiwu focuses on innovation to boost intl trade
Beijing :: China | 1 month ago
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Yiwu, in east China's Zhejiang province, will possibly implement financial reform schemes in the middle of the year as it looks to improve global trade , the China Securities Journal reported Friday. More than 1.7 million small commodities, mostly
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China-UAE trade settlement in yuan jumps as officials promote currency
Dubai :: United Arab Emirates | 1 month ago
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Settlement of trade between China and the United Arab Emirates in Chinese currency grew by 79% last year and stands to rise further as the yuan becomes internationalized, a Chinese central bank official said Monday. China has been pushing to get the
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Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China
Beijing :: China | 1 month ago
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Pictured are bank notes denominated in the Australian dollar and Chinese yuan. The Australian government has made no secret of its aims to shift away trade from the U.S. dollar, the world's primary reserve currency used in international commerce. A
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Why Your Financial Future Will Be Built Upon the Chinese Yuan
Los Angeles :: CA :: USA | 2 months ago
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Demand for the Yuan is growing at such a staggering rate that your financial future will be built upon it. Admittedly, this is a very tough concept for most people to wrap their minds around. It's tough to lose "your" spot at the top and it's even
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China central bank eyes reform, more flexible yuan in 2013
Hefei :: China | 3 months ago
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Topics An employee counts Chinese yuan banknotes at a bank in Hefei, Anhui province, in this January 21, 2013 file photo. China will press ahead with reforms to allow more flexibility in the yuan's exchange rate and the remaining barriers to creating
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China startup dodges IPO ban, floats on shopping website
Shanghai :: China | 4 months ago
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Chinese entrepreneur Zhu Jiang didn't need a stock market to raise cash for his media startup. Impatient to tap investors even though Beijing has frozen new share sales, Zhu started flogging stock on shopping website Taobao.com. Before Taobao 's
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