Chinese Renminbi (CNY)
QUOTE AND NEWS
Faced with trade war risk, yuan to manage only modest rise: Reuters poll
Reuters  8 hrs ago  Comment 
The Chinese yuan will trim only some of its recent losses against the dollar over the coming year, with the People's Bank of China increasingly likely to intervene to support the currency against a still-rampant dollar, a Reuters poll found.
Chinese Yuan Appreciates As Investors Bullish on Currency, Economy
Forex News  Sep 5  Comment 
The Chinese yuan is strengthening against its US counterpart midweek, buoyed by reports that investors appear to be bullish on the currency, the national economy, and the domestic bond market. The yuan also gained momentum on a recent...
China's Didi says will invest US$20m in customer service after passenger death
Channel News Asia  Sep 5  Comment 
Chinese ride-hailing firm Didi Chuxing Technology said on Wednesday (Sep 5) it will spend 140 million yuan (US$20.5 million) to improve its customer service after the recent murder of a passenger by her Didi driver exposed safety issues at the firm.
Trade war could force heavier hand from China on yuan
Yahoo  Sep 3  Comment 
China's central bank may have to decide soon whether to intervene more forcefully to support the wobbling yuan currency as the United States readies more sweeping tariffs on Chinese goods. After tinkering around the edges while the yuan fell for...
China Stocks-Factors to watch on Monday
Yahoo  Sep 3  Comment 
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.5 pct, CSI300 -0.5 pct, HSI -1.0 pct * HK->Shanghai Connect daily quota used 5.6 pct * HK->Shenzhen Connect daily quota used 2.5 pct * CNY official close ...
Chinese Yuan Gains After PMIs Rise Unexpectedly
Forex News  Aug 31  Comment 
The Chinese yuan rose against the dollar today despite the worsening market sentiment. The possible reason for that was the unexpected increase of the official Purchasing Managers’ Indices. China’s official manufacturing PMI rose from...
China's Yuan Surges As PMI Data Beats Estimates
SeekingAlpha  Aug 31  Comment 
Shanghai crude futures eat into Western benchmarks as China pushes yuan
Reuters  Aug 30  Comment 
The launch of China's first crude futures contract in Shanghai has added a long-awaited Asian benchmark to the global oil sector, challenging the dominance of Western price-markers and threatening ramifications far beyond the energy industry.
Chinese Yuan Weakens Against Greenback, Snaps Three-Day Winning Streak
Forex News  Aug 29  Comment 
The Chinese yuan’s recent rally has come to an end, snapping its three-day winning streak on Wednesday. The currency weakened against the American counterpart midweek amid ballooning corporate demand for cheaper US dollars. Can the yuan...
China stocks end lower, state planner warns of growth risks
The Economic Times  Aug 29  Comment 
​​ At 07:08 GMT, the yuan was quoted at 6.8187 per US dollar, 0.23 per cent weaker than the previous close of 6.803.




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The Chinese Renminbi ("人民币"), the official currency of the People's Republic of China, is issued by the People's Bank Of China (“中国人民银行”, a.k.a. PBOC), the monetary authority of the PRC. Though commonly used interchangeably, the Yuan is in fact 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 Yuan is the primary unit of the Renminbi. The Chinese Renminbi literally means the "People's Currency".

Abbreviations for the Renminbi include RMB, CNY.

The value of the RMB had historically been pegged to the U.S. dollar, but since 2005, the Renminbi exchange rate has been allowed to float around a fixed base rate. The base rate is determined by the PBOC, with a reference to a basket of world currencies.

RMB notes are available in the following amounts: 100, 50, 20, 10, 5, and 1 yuan, and beneath the 1-yuan level at 5 Jiao and 1 Fen.

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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