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Bloomberg
5 hrs ago
Comment
China Merchants Securities Co. plans
to raise as much as 11.1 billion yuan ($1.6 billion) in an
initial share sale in Shanghai.
Reuters
Nov 7
Comment
Chinese state-owned firms will pay a smaller cumulative dividend to the central government this year because their profits have fallen, the Economic Observer reported on Saturday.
Bloomberg
Nov 6
Comment
(Update2) Chinese central bank Governor Zhou
Xiaochuan said his country isn’t under a lot of foreign pressure
to let the yuan strengthen.
MarketWatch
Nov 6
Comment
China Vanke Co. said Friday its revenue in October from property sales nearly doubled from a year earlier, according to a report. China's largest property developer by market value, which lists in Shenzhen, said revenue from such sales during the...
Bloomberg
Nov 6
Comment
The International Monetary Fund’s
Special Drawing Rights or the broader use of currencies
including the yuan won’t replace the global reserve position of
the U.S. dollar, according to Pacific Investment Management Co.
executives.
Shocked Investor
Nov 5
Comment
Brazilian Finance Minister Guido Mantega said today that the concerns over the appreciation of the Real aims to avoid "irrational exuberance" in Brazil, referring to the term coined by former Federal Reserve chairman Alan Greenspan. "We want to...
Clusterstock
Nov 5
Comment
You know market opinion has become lop-sided when there is a shortage of dollars.
Reuters: Over the past two months, Chinese banks have become eager to sell extra dollars to the central bank, fearing the US currency could fall in value, while...
The Economic Times
Nov 4
Comment
Linking yuan to dollar had done China more harm than good over past two years, says Merrill Lynch's economist. Where Re comes from & goes I Identify fake notes
Flightglobal
Nov 4
Comment
Shanghai Airlines narrowed its losses in the third quarter.
In the three months ending 30 September it had a net loss of 42.7 million yuan ($6.3 million)...
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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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