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Understanding the CNY Currency: A Comprehensive Overview
The global financial landscape is a complex web of currencies, each with its unique characteristics and role in the international...
Read moreAhead of Golden Week, Chinese Yuan Faces Headwinds
The Chinese yuan is bracing for the upcoming Golden Week holiday, an event that will lead to a temporary trading...
Read moreChina Council for the Promotion of International Trade Responds to US President Biden’s Executive Order No. 14105
The US investment ban and review mechanism for foreign transactions intentionally misinterpret normal cross-border financing and business activities of Chinese...
Read moreWhat Is CNY and Its Global Status
Currency is the lifeblood of global economic transactions, and the Chinese Yuan, denoted as CNY, has increasingly gained prominence on...
Read moreYuan vs. Renminbi: What’s the Difference?
In the realm of international finance, the terminologies surrounding currencies can often be perplexing, especially when dealing with a complex...
Read moreUS Approves Chinese Airlines to Add 6 More China-US Flights, Los Angeles Becomes a Price Competitive Hub
The US Department of Transportation has officially approved the addition of 6 extra flights by Chinese airlines, which will begin...
Read moreMTS Bank of Russia Reports: RMB Overtakes US Dollar and Euro in Payment for Russian Companies’ Foreign Economic Activities Over the Past Year
MTS Bank analysts told Satellite News Agency that compared with the same period last year, the proportion of RMB in...
Read moreThe U.S. released another wind: the White House will detail plans to restrict U.S. investment in sensitive technologies in China on the 9th
Reuters quoted a senior U.S. government official as saying on the 9th that the White House will detail plans to...
Read moreChinese Foreign Ministry Spokesperson’s Remarks on China-EU Trade Imbalance
Spokesperson of the Ministry of Foreign Affairs: China has never deliberately pursued a trade surplus. The trade surplus between China...
Read moreChina’s Foreign Exchange Reserves Surge by $11.3 Billion to Reach $3,204.3 Billion by July 2023’s End
Statistics from the State Administration of Foreign Exchange of China show that by the end of July 2023, China's foreign...
Read moreArgentina to pay imminent maturities to IMF
On July 31, local time, Argentine Economy Minister Felipe Massa announced that the Argentine government will repay the imminently due...
Read moreThe State Administration of Foreign Exchange of China: The Economic Recovery is Obviously Improving, Which is Conducive to Maintaining the Basic Stability of the Scale of Foreign Exchange Reserves
Statistics from the State Administration of Foreign Exchange of China show that as of the end of June 2023, the...
Read moreChina Financial Times: A Rational View of Exchange Rate Fluctuations The Stability of the RMB Exchange Rate is Backed by Solid Fundamentals
According to an article in the China Financial Times in charge of the central bank, industry experts believe that factors...
Read moreZhang Yi: This year’s “Bond Connect” has an Average Daily Transaction of 38.9 Billion Yuan, and More Than 800 Overseas Institutions
Zhang Yi, President of China Foreign Exchange Trade System and Chairman of Bond Connect Co., Ltd., said at the "Bond...
Read moreCentral Bank of Argentina Approves the Opening of RMB Bank Accounts in China
On June 29, local time, the Central Bank of Argentina issued an announcement stating that the renminbi will be included...
Read moreSWIFT: In May, CNY remained the fifth most active currency in the world
According to data released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on June 25, in May 2023, in...
Read moreNext Monday, PBOC will issue tenders for the sixth batch of central bank bills
The People's Bank of China: On June 26, 2023 (Monday), the People's Bank of China will invite tenders for the...
Read moreChina’s central bank cuts SLF rate
After the 7-day reverse repurchase rate was cut by 10 basis points, the People's Bank of China lowered the SLF...
Read moreChina’s central bank cuts short-term policy rate by 10 basis points
For the first time in nearly 10 months, China's central bank cut its short-term policy rate by 10 basis points.
Read morePBOC: The fifth phase of CBS operation will be carried out
The People's Bank of China: In order to improve the market liquidity of bank perpetual bonds and support banks to...
Read moreRecent Posts
How to Spot Fake Chinese Yuan: A Comprehensive Guide
The Chinese yuan (CNY), also known as the Renminbi (RMB), is one of the world’s most traded currencies. It is...
Who Is on the 20 Yuan Bill?
The 20 yuan bill is one of the most commonly circulated notes in China’s currency system, and like all Chinese...
Current Exchange Rate: What is 7,000 Pesos in US Dollars?
The foreign exchange (forex) market is one of the most dynamic financial markets in the world, with trillions of dollars...
Current GBP Exchange Rate: What is 7,000 Pounds in US Dollars?
When considering international transactions or investments, one of the most common queries among individuals is understanding how currencies translate against...
Who is on the 100 Yuan Note?
The 100 yuan note is one of the most widely circulated denominations in the People's Republic of China (PRC). It...
Who is on the 100 Lira Note?
The 100 lira note is an essential part of Turkey's currency system, representing both a tangible store of value and...
Current USD Exchange Rate: What is 54 Dollars in Pounds?
In the world of finance, understanding how currencies interact with each other is crucial for both businesses and individuals engaged...
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