China says considering tighter controls on yuan currency
China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges.
May 26, 2017, 18:32 PM IST
Chinese Premier says no intention of devaluing yuan
Dismissing US President Donald Trump's charge of China being a currency manipulator, Premier Li Keqiang today said Beijing has no intention of devaluing the yuan to boost exports, as it does no good for Chinese companies' transformation.
Mar 15, 2017, 15:21 PM IST
China signals change of course on its currency policy
China has hinted at changing its long-standing yuan policy to liberalise its currency against the dollar, signalling willingness to alter course on exchange rates amid US President Donald Trump's threats of a trade war.
Mar 06, 2017, 13:11 PM IST
China weakens yuan to eight-year low against US dollar
The central People`s Bank of China set the value of the yuan -- also known as the renminbi -- at 6.8495 to the greenback, down 0.30 percent from Monday`s fixing, according to data from the Foreign Exchange Trade System.
Nov 15, 2016, 16:30 PM IST
Yuan posts biggest weekly gain since April ahead of G20 talks
The yuan firmed for a fourth straight day on Friday, posting its biggest weekly gain since April as China`s state-run banks were suspected of supporting the currency before Group of 20 finance officials meet this weekend in Chengdu.
Jul 22, 2016, 16:37 PM IST
China cuts yuan fix in biggest downward move since devaluation
China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
Jun 27, 2016, 10:53 AM IST
China cuts yuan fix in biggest move since devaluation
China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.
May 04, 2016, 16:37 PM IST
China's yuan hits strongest level against dollar so far this year
China`s yuan currency touched 6.4856 to the dollar on Thursday, its strongest level so far in 2016.
Mar 17, 2016, 15:14 PM IST
China one of great thefts of all times: Trump
Republican presidential front- runner Donald Trump has slammed China for the devaluation of its tightly-controlled currency, describing the Communist country as one of the great thefts of all time.
Feb 18, 2016, 15:23 PM IST![China not going back to "old road" of capital controls](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/02/06/457897-yuan7.jpg "China not going back to "old road" of capital controls")
China not going back to "old road" of capital controls
China will continue to crack down on illegal foreign exchange activities but won`t revert back to the "old road" of capital controls, the country`s top foreign exchange regulator said.
Feb 06, 2016, 16:15 PM IST
China orders foreign banks to hold yuan
China will require foreign financial institutions in the country to hold yuan in reserve.
Jan 18, 2016, 12:34 PM IST
China ready to moderate sharp offshore yuan falls: Sources
China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilising, sources involved in policy discussions say.
Dec 15, 2015, 22:45 PM IST
China to start direct trading between Yuan and Swiss Franc
The move will lower trading costs for China and Switzerland.
Nov 09, 2015, 20:44 PM IST
US softens stance on China's currency
The United States has softened its long-held stance that China's currency is significantly undervalued, saying the yuan remains below its "appropriate medium-term valuation".
Oct 20, 2015, 08:20 AM IST
Make economy transparent, currency market-driven: US to China
The White House has urged China which is facing one of the worst financial crises in decades - to continue to pursue financial reform and move rapidly toward a more "market-determined" exchange rate system.
Aug 25, 2015, 09:25 AM IST
China cuts yuan rate for 3rd straight day by more than 1%
China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.
Aug 13, 2015, 11:12 AM IST
China calls for ATM upgrade to handle new currency notes
The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.
Aug 12, 2015, 17:59 PM IST
China devalues yuan further, sparks fears of currency war
Tuesday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.
Aug 12, 2015, 17:57 PM IST
Chinese currency devaluation appears a welcome step: IMF
China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.
Aug 12, 2015, 12:17 PM IST
China devalues its currency Yuan: What will be the worldwide impact
China cut the value of the yuan against the dollar for a second consecutive day.
Aug 12, 2015, 09:40 AM IST
