SHANGHAI May 22 (Reuters) - China's four major banks issued new loans of 233 billion yuan ($37.98 billion) by May 21st, 21st Century Business Herald reported on Wednesday, citing industry sources, adding that total loans for the month could reach 900 ...

For China's currency, the yuan, there is no turning back. This currency is gaining on the dollar each year. The government wants to make it a fully convertible, tradable currency.

The Chinese yuan continues its storied climb against the dollar. This time it's a mix of government and market forces providing the muscle.

China signaled it will propose plans this year to allow freer flows of its currency in and out of the nation as part of measures to loosen control over the yuan and interest rates. The plan on yuan capital-account convertibility will also include a way ...

Visa Visa Inc. is hoping to be the second of many U.S. credit card companies to issue yuan denominated cards. The Chinese currency is fast becoming a marketable currency, and part of reforming the foreign exchange policy in China includes opening the ...

China's yuan rose to another new high against the U.S. dollar late Thursday, breaking records for the third session in a row, after the central bank continued to boost the yuan's fixing rate.

NEW YORK, May 14, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, today announced that it will liquidate the Guggenheim Yuan Bond ETF (RMB) in order to reinforce its commitment to ...

On the over-the-counter market, the dollar hit 6.1537 yuan in the early afternoon--its lowest since the launch of the modern Chinese currency trading system in 1994. At around 0830 GMT, the dollar was at 6.1560 yuan around 0830 GMT, lower than Friday's ...

While investors have been quick to take on China as an emerging market equities play, Chinese yuan-denominated bonds have not been as popular.

The Chinese yuan is not a free-floating currency, but the market is having a greater say. Beside that, the government is strengthening the yuan-dollar exchange rate by at least 3% each year.