Posts Tagged ‘rmb’

Deputy Prime Minister China considers unnecessary any attempt to revalue the Yuan

July 25th, 2010 | Tags: , , , ,
Any attempt to impose pressure on the Chinese currency, the yuan or RMB, to make him a considerable revaluation will not be beneficial, said Thursday in Washington, Vice Premier Wu Yi.
Since the introduction of a reform of the exchange rate of R...

China: currency B shares falling and A shares in RMB up

July 16th, 2010 | Tags: , , , ,
The market for B shares in U.S. dollars continued to fall Wednesday morning after a brief rise at the opening of the Shanghai Stock Exchange up 331.68 points.
A shares in RMB rise again with the Composite Index of Shanghai Stock Exchange opened ...

RMB appreciation against the dollar

April 27th, 2010 | Tags: , , , ,
The value of the yuan, Chinese currency against the U.S. dollar broke a record Monday with a central parity rate of 7.7306 yuan to one dollar, according to the Chinese Foreign Exchange Trade System.
The yuan, also known as Renminbi (RMB), gained...

New appreciation of the RMB against the dollar

April 26th, 2010 | Tags: , , , ,
The course of the yuan, Chinese currency, has passed the bar Tuesday 7.73 to the dollar, after rising for two consecutive days, according to the Chinese Foreign Exchange Trade System.
The central parity rate hit 7.7277 yuan to one dollar. The yu...

China urges the U.S. to strengthen negotiations on the exchange rate of RMB

April 23rd, 2010 | Tags: , , , ,
China on Thursday urged the United States to strengthen negotiations with China on the exchange rate of Chinese currency, the RMB, instead of putting pressure on China.
China has always taken a highly responsible and independent vis-à-vis the e...

China: four banks overseas provide a range of RMB services in April

March 10th, 2010 | Tags: , , , ,
citizens of mainland China will next month open a RMB account in subsidiaries of the Hong Kong and Shanghai Banking Corporation (HSBC), Citibank, Standard Chartered Bank and Bank of ‘East Asia.
An official with the Banking Regulatory Commi...

China pledges to continue reform of the RMB

January 4th, 2010 | Tags: , , , ,
Chinese Premier Wen Jiabao said Monday China would continue the reform of the exchange rate of RMB and seek ways to use massive foreign exchange reserves of the state appropriately.
Wen made the remarks in his report of the Government at the ope...

China: new record of the parity of RMB against the dollar

November 30th, 2009 | Tags: , , , ,
The value of the RMB against the U.S. dollar has created Tuesday, raising a record with an exchange rate of 7.7595 yuan to one dollar, according to the Chinese system of foreign currency exchange.
This is the 11th consecutive increase of RMB sin...

Influence stealth revaluation of the RMB on the payment methods in China

October 26th, 2009 | Tags: , , , ,
The powerful momentum of the revaluation of the renminbi (RMB) not only produces a profound and lasting influence on Chinese economy, but it works well on the stealth mode of compensation in the professional markets in China. A growing number of forei...

New record rate of RMB against the dollar after its passage below 7.79

October 25th, 2009 | Tags: , , , ,
The value of the RMB against the U.S. dollar hit a new record Tuesday with an exchange rate of 7.7895 yuan to one dollar, according to the Chinese regime’s foreign currency exchange.
This increase follows the previous record on Monday (7.7...