news
SAFE Guangdong Branch: Cross-Border Trade Facilitation Policies Boost Guangdong's Modern Services Sector
The Guangdong Branch of the State Administration of Foreign Exchange (SAFE) announced that it has continued to expand and upgrade its high-level open pilot policy for cross-border trade, enabling comp
PBOC Sets RMB Midpoint Rate at 6.8167 on June 1, CFETS Index at 100.66
On June 1, the People's Bank of China (PBOC) set the central parity rate of the renminbi against the US dollar at 6.8167, up 9 basis points. The CFETS RMB exchange rate index stood at 100.66 as of May
Onshore RMB Closes at 6.7650 Against USD, Gains 35 Basis Points
The onshore Chinese yuan (CNY) closed at 6.7650 against the US dollar, up 35 basis points from the previous trading session.
Shanghai Drives RMB Forex Futures Pilot and Derivatives Market Innovation Under 15th Five-Year Plan
The Shanghai Municipal People's Government Office has issued the Shanghai Service Industry Development 14th Five-Year Plan, which sets out a series of goals for strengthening the city's financial infr
RMB Central Parity Rate Set at 6.8167 Against USD, Up 9 Basis Points
The central parity rate of the Chinese yuan (RMB) against the US dollar was set at 6.8167, up 9.00 basis points.
MOFCOM Spokesperson Responds to EU Commission Discussion on China Relations
Q: On May 29, the European Commission held a plenary meeting to discuss its relations with China. What is China's Ministry of Commerce's response?A: China has taken note of the EU's discussion on its
Multiple Factors Drive RMB Strength: What Lies Ahead for the Yuan?
On May 28, the People's Bank of China authorized the China Foreign Exchange Trade System to announce the interbank RMB central parity rate at 6.8240 yuan per US dollar, up 51 basis points.On the reaso
Northeast Securities Liao Bo: Chinese Assets Poised for "Davis Double Play" as RMB Enters Appreciation Cycle
On May 29, the "2026 Greater Bay Area Wealth Conference" was held in Shenzhen, co-organized by 21st Century Business Herald and the Guangdong Greater Bay Area Research Institute, centered on the theme
China MOFCOM: Both Trade Teams to Finalize Arrangements and Expedite Implementation of $30B Reciprocal Tariff Reduction Framework
China's Ministry of Commerce (MOFCOM) spokesperson He Yadong stated at the regular press conference on May 28 that, in response to questions about progress in China-U.S. tariff negotiations, both econ
Onshore RMB Closes at 6.7837 Against USD, Up 110 Pips
The onshore renminbi closed at 6.7837 against the US dollar on May 25, 2026, gaining 110 pips from the previous trading day.