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Reuters
10 hrs ago
Comment
The United States is once more ratcheting up pressure on Beijing to let its currency appreciate, but for many of China's small exporters the issue is not even on their radar.
New Straits Times
Feb 9
Comment
KUALA LUMPUR: It is about time for Asian currencies, especially the Chinese Yuan that has been pegged to the US Dollar, to start “roaring” as the region takes charge in leading the global economic recovery.
BusinessWeek
Feb 9
Comment
Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, favors investments in emerging markets on expectations they’ll outpace developed economies in growth and wealth.
MarketWatch
Feb 9
Comment
China First Heavy Industries fell below its offer price in Shanghai debut trade on Tuesday, after raising 11.4 billion yuan ($1.67 billion) in China's biggest initial public offering this year, becoming the third major listing to disappoint in...
Bloomberg
Feb 9
Comment
Chongqing Gangjiu Co., which provides
inland shipping services, rallied the most in China’s benchmark
stock index after the municipality was chosen by the government
as one of the nation’s five “key” cities.
BusinessWeek
Feb 8
Comment
Haitong Securities Co. plans 10 billion yuan of equity investments this year, according to a filing to Shanghai’s stock exchange. The company also plans to invest an additional 4 billion yuan in its margin trading business, increasing total...
Bloomberg
Feb 8
Comment
(Update3) Mohamed A. El-Erian, whose company
runs the world’s biggest mutual fund, favors investments in
emerging markets on expectations they’ll outpace developed
economies in growth and wealth.
Commodity Online
Feb 8
Comment
Adding pressure on China over its currency policy the IMF said a stronger yuan would boost China's economy but the Asian power showed no sign of heeding a growing clamour to budge on its rigid exchange rate.
Bloomberg
Feb 8
Comment
China may allow the yuan to
strengthen at annual rate of 5 percent against the dollar, after
raising borrowing costs in June to prevent the economy
overheating, Nomura Institute of Capital Markets Research said.
Metal Bulletin
Feb 8
Comment
Newly formed Hebei Steel Group has forecast a net profit of 470-940 million yuan ($69-138 million) for 2009, down 60-80%, due to product prices falling faster than costs.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Chinese Renminbi, which is also known as the yuan, is issued by the People's Bank of China, the monetary authority of the PRC. The name the Yuan comes from the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Chinese Renminbi literally means the "People's Currency"
For a discussion of its revaluation, see Revaluing the Yuan.
The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).
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