Latest Yuan News

The overnight offshore Yuan Hong HIBOR surged 1.2% points to 3.04% and recorded the biggest daily rise year-to-date (YTD) levels.
Apart from the US Dollar dominating oil and most other products, the Chinese yuan had little to do with the purchase of the world’s most traded commodities. Now, China Seeks Yuan Dominance In Commodities Pricing. What unified factors qualifies the Yuan for this significant evolution? Let us see!
Yuan SDR inclusion gets nod from IMF
May 03, 2018
Nasir Mohammad
The fund Yuan SDR inclusion is understandable, as the currency has grown in global importance and the SDR is important as an international reserve asset ...
Germany and China strengthen trading ties
May 03, 2018
Nasir Mohammad
There will be a joint development of the renminbi offshore market in Germany, therefore enhancing trade in Europe generally as Germany and China strengthen trading ties.
Largest crackdown on China banking fraud
May 03, 2018
Nasir Mohammad
Since investigation of the China banking fraud commenced in September last year, a total of 100 suspects from eight gangs have been detained. The methods...
This marks a step towards the yuan’s free trade under capital accounts and Yuan floating exchange rate. These could lead to lower foreign exchange operating costs for companies and propel the yuan towards becoming a global exchange currency benchmark.
According to two close sources on the case, the Bank of Russia added yuan to reserve currency basket as of mid-November. Yet, the press service of Russia's
China devalues Yuan in a surprise move, allowing it to fall to lows levels last seen in 2012. This drove the USD higher across board as the AUD fell....
IMF adds Yuan to SDR basket
May 03, 2018
Nasir Mohammad
The IMF adds Yuan to SDR basket, joining the US dollar, Euro, Pound and Yen. This is considered both a political and economic victory for the government of