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Latest Yuan News

Overnight offshore Yuan HIBOR breaks YTD levels

Sep 30, 2019
Amandeep Sonewane
Broker of the month
Overnight offshore Yuan HIBOR breaks YTD levels
Overnight offshore Yuan HIBOR breaks YTD levels
Sep 30, 2019
Amandeep Sonewane
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!
Following the devaluation of the Yuan, the currency rose to its highest ever ranking of most used currencies for global payments. As the Yuan surpasses Yen
The latest reports announced that China plans local Bitcoin exchanges shut down. Is this fake or real news? Also, will Bitcoin drop further?
With the anticipated adjustment of China trading hours. Investors are asking: How will the Yuan trading hours extension impact on CNH? According to several
Yuan to join major currencies in SDR
Yuan to join major currencies in SDR
May 03, 2018
Nasir Mohammad
The Special Drawing Rights basket currently comprises of the U.S. dollar, euro, yen and the British pound, with the possibility of the Yuan to join major...
Yuan SDR inclusion gets nod from IMF
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
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
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...