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Bloomberg
43 min ago
Comment
Industrial & Commercial Bank of
China Ltd., the world’s largest lender by market value, said
profit last year probably rose 15 percent as record credit
fueled an economic recovery.
Gold Stocks Today
3 hrs ago
Comment
Sir, Michael Spence is dead wrong in arguing that “the west is wrong to obsess about the renminbi” (January 22). An undervalued renminbi represents the single greatest threat to global economic recovery and a dangerous inflationary trigger...
The Straits Times
4 hrs ago
Comment
ASIAN markets suffered their biggest one-day losses in three months, as fears over planned limits on lending by banks in China unnerved investors already jumpy at proposed curbs on United States banks.
Investors scrambled for cover on fears that...
Business Times - Singapore
6 hrs ago
Comment
NEW Lakeside Holdings issued a profit warning yesterday, expecting to report a pre-tax loss for its fiscal first half ended Dec 31, 2009. This was partially due to a 22.75 million yuan (S$4.68 million) provision a subsidiary had to make because of...
New Straits Times
Jan 26
Comment
KUALA LUMPUR: The Immigration Department has been urged to put off a nationwide crackdown against illegal foreign workers and employers, who harboured them, until after Chinese New Year (CNY).
Finance Asia
Jan 26
Comment
Respondents to a poll conducted by FinanceAsia say that China's currency will not appreciate during 2010.
Wall Street Journal
Jan 26
Comment
Several Chinese banks have ordered some branches to suspend new lending for the rest of this month, suggesting a coordinated effort by Beijing to manage state banks' torrid lending.
Metal Bulletin
Jan 26
Comment
Spot coke prices in northern China have fallen to 1,800-2,100 yuan ($263-307) per tonne as demand weakens, ending the rally that started in November.
Bloomberg
Jan 25
Comment
(Update1) The retreat in the dollar that sent
the currency down as much as 17 percent from its 2009 peak
against six main trading partners may be over, according to
Pacific Investment Management Co.’s Paul McCulley.
Wall Street Journal
Jan 25
Comment
The new head of Hong Kong's stock exchange, Charles Li, pledge to position the exchange to benefit from the liberalization of China's currency when it happens.
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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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