search
Chinese yuan
Trends
- 1
The People's Bank of China set its daily USD/CNY central parity rate at a firmer level, a move analysts read as the central bank tightening its management of the yuan and signalling it is uncomfortable with recent currency weakness. Markets watch the daily fix closely for clues on Beijing's stance, and a stronger setting can lift the renminbi, affect regional currencies, and shift sentiment across Asian equities and commodity trades.
- 2PBOC expected to set yuan midpoint at 6.7085▼PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
China's central bank is expected to set the US dollar/yuan daily reference rate at 6.7085, according to a Reuters estimate. The daily midpoint fixing from the People's Bank of China is closely watched by currency traders as a signal of official policy toward the renminbi, and any deviation from expectations can move Asian currency and equity markets.
- 3PBOC strengthens yuan fixing to 6.7399 against dollar▼PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous
China's central bank set the yuan's daily reference rate at 6.7399 to the US dollar, a firmer fixing than the previous day's 6.7489. The daily fix from the People's Bank of China guides onshore trading and is closely watched by currency traders for signals on official policy toward the yuan.
- 4Huilü Ecology to invest 309 million yuan in optical modules●China's Huilü Ecology to invest 309 million yuan in optical modules; Huadong Medicine's weight-loss drug clears Phase III
Chinese firm Huilü Ecology says it will invest 309 million yuan in optical modules, a move into the communications hardware sector. Separately, Huadong Medicine announced that its weight-loss drug has cleared Phase III clinical trials, bringing it a step closer to regulatory approval in China's fast-growing obesity treatment market.
- 5Life-size replica of Yuan dynasty Buddha of Medicine mural goes on show▼A life-size replica of the Yuan dynasty Buddha of Medicine mural is exhibited at the National Arts and Crafts Museum
A life-size replica of the Yuan dynasty Buddha of Medicine mural is now on display at the National Arts and Crafts Museum in Beijing. The original mural, a celebrated example of Yuan dynasty Buddhist art, depicts the Medicine Buddha surrounded by attendant figures. The exhibition gives visitors the chance to see the work at full scale, drawing attention to the preservation and study of ancient Chinese religious murals.