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Chinese Yuan news

  
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Chinese yuan weakens to 6.1397 against USD Friday
Chinese yuan weakens to 6.1397 against USD Friday. Mar 27,2015. BEIJING, March 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 22 basis points to 6.1397 against the U.S. dollar on Friday, according to ...
Momentum Builds to Label Chinese Yuan a Reserve Currency
China is gaining support from key U.S. allies in its push to gain reserve-currency status for the yuan, but opposition from the Obama administration threatens to upend Beijing's bid to flex more muscle in the global economy.
'IMF won't let Chinese money in its basket'  Press TV
China not quite ready for IMF currency basket, US says  The Daily Star
Use of China's Yuan as Global Payment Currency Falls
China suffered a second setback in as many weeks in its drive to boost the use of its currency abroad, even as the country steps up efforts to open up its capital account.
China yuan falls in payment rankings  iAfrica.com
Mainland Students Applying for Hong Kong Universities in Decline  CRIENGLISH.com
80% of bitcoin is exchanged for Chinese yuan
In a report out today from Goldman Sachs about the future of money, the bank points out that 80% of bitcoin volume is now exchanged into and out of Chinese yuan. The second-highest trading currency is the US dollar, followed by smaller denominations in ...
Chinese yuan dominates 80% of Bitcoin trades  Yahoo7 News
Yuan Bears Rein in Bets as China's Leaders Damp Band Speculation  Bloomberg
Bitcoin Trading Testing 1500 Chinese Yuan (CNY)
Bitcoin trading took price for another plunge below BTC-China's critical 1500 CNY level today. Buying support pulled price back above 1500 CNY and $242 on two occasions before an upward correction set in.
China's yuan may join elite money club this year
LOS ANGELES (MarketWatch) - In what would be a huge milestone in China's emergence as a major world financial power, the International Monetary Fund looks likely to adopt the country's currency into the basket that makes up its global forex benchmark.
Why China wants yuan to be the world's 5th reserve currency  Livemint
Chinese Yuan Slips in Global Currency Rankings
According to SWIFT, the use of China's yuan has declined, causing the currency to fall to seventh place in international payments rankings.
Foreign use of China's yuan loses ground  MarketWatch
China Pledges 'Radical' Moves To Open Capital Account In 2015  Forbes
China to Begin Deposit Insurance in May
Under the plan released by the State Council, China's cabinet, up to 500,000 yuan ($80,550) in deposits made by businesses and individuals per bank will be insured.
China bank deposit insurance could tilt competitive landscape  Reuters
Trading hub for Chinese currency opens for business in Toronto
Canada's financial services industry, including banks, insurers and the TMX Group, lobbied hard for nearly two years to win the designation, recognizing the opportunity to get on the ground floor as China moves to globalize its once isolated currency ...
Canada, China to launch North America's first yuan hub  bnn.ca
Toronto becomes first renminbi trading hub in North America  CBC.ca
The Yuan Strikes Back
Someday the Chinese currency might buckle under the weight of a slowing economy. Beijing will make sure this isn't the year for that to happen.
Speeding financial reforms pave way for yuan's SDR entry  ecns