Yuan

Chinese Central Bank Orders State Banks to Reduce US Dollar Purchases

10 days ago

The People's Republic of China continues to strengthen its control over its financial market, this time tightening restrictions on US dollar purchases. The country's central bank has issued a directive to major state-owned banks requiring them to cut back on the volume of American currency purchases. This move has been interpreted as a response to long-standing threats from the US regarding Chinese economic practices.

Central Bank of Russia Urges Caution on Yuan Loans Amid Deficit Concerns

7 months ago

Russia's Central Bank has urged domestic financial institutions to exercise caution regarding lending in Chinese yuan, citing a growing currency deficit and the associated risks for lenders. This statement comes amidst ongoing economic pressure faced by the Russian economy, while the yuan increasingly emerges as a popular alternative to other currencies.

Economist Predicts Yuan Surge Amid Carry Trade Unwinding

8 months ago

Recently, the yuan market has come into particular scrutiny, with a prominent economist from China forecasting a sharp increase in the currency's value in the near future. He attributes this potential surge to the ending of carry trade activities involving international currencies and the unique dynamics of investment flows in China.