PBOC Talks Down Renminbi As Hong Kong Shorts Press Their Bets

China Last Night KraneShares Key News Asian equities were mixed, as Japan, Taiwan, and South Korea closed on a positive note while the remainder of the region was off. China and Hong Kong opened highe...

China’s Renminbi Falls Most against USD Since 2008, China Eases Support for Currency

The Chinese central bank has intervened to support the Renminbi by setting stronger-than-expected Renminbi fixings for 25 straight sessions. The Chinese Renminbi has dropped to its weakest levels toda...

USD/CNY forecast as the renminbi crash eases

The USD/CNY exchange has been in a strong bullish trend this year, pushing the Chinese yuan and the renminbi to the lowest level since August 2020. The pair has jumped by almost 10% this year. This me...

Bank Of China “Quite Cautious” About U.S. Growth Outlook: U.S.-China Business Forum

Bank of China’s U.S. President Hu Wei, right, with Steve Orlins, president of the National Committee … [+] on U.S.-China Relations, at the U.S.-China Business Forum at Forbes on Fifth in N...