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Renminbi
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SunMoon Food Deploys Oracle's Netsuite Oneworld for Global Expansion
Nov 9, 2017SunMoon Food Company, a global distributor of fruit and food products, has implemented Oracle's NetSuite OneWorld to support its global growth, and increase overall productivity and efficiency. In just five months, NetSuite OneWorld ...
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Chinese ODI Comes Close to US$200b in 2016
Feb 3, 2017China's overseas direct investment is estimated to soar 40 percent to a record $189 billion in 2016 from the previous year, according to a study released by the US consultancy Rhodium Group and Berlin-based Mercatur Institute for China ...
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Midstream Prices to Decline Before Lunar New Year
Dec 16, 2016Price support remains in China in December, According to EnergyTrend’s observation. Multi-Si wafers and cells from the overseas saw significant decline in prices after mid-December. Prices are expected to keep declining before the ...
Tags: multi-Si wafers, polysilicon
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RMB Weakens to 6.8972 Against USD Friday
Dec 9, 2016The central parity rate of the Chinese currency renminbi, or the yuan, weakened 241 basis points to 6.8972 against the U.S. dollar Friday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, ...
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Rise of Red LED Applications Boosts Revenues
Nov 27, 2016Taiwanese LED chip manufacturers that successfully transitioned from blue LEDs to red LEDs have set new revenue records from their budding AlInGaN LED business. Those that chose to lower blue LED revenue have improved international ...
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Yuan Tumble Unlikely Despite Weakening
Oct 24, 2016Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
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RMB Records Weakening Streak Against USD
Oct 13, 2016The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...
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You Need to Know About Yuan's SDR Inclusion
Oct 11, 2016Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
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Renminbi's Inclusion in SDR
Oct 9, 2016"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
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China's Yuan Further Weakens
Jul 19, 2016The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
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China to Further Capital Market Opening
Feb 10, 2016China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket
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UAE, China Agree to Set up RMB Clearing Hub
Dec 28, 2015The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
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RMB's Upgrade to Reserve Currency "Good News": Ex-ambassador
Dec 28, 2015The decision by the International Monetary Fund (IMF) to confer the reserve currency status on China's renminbi (RMB), "is good news," a former Chilean diplomat said. "It's good news because it acknowledges the role that the Chinese ...
Tags: RMB's Upgrade, Reserve Currency
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First Batch of Funds Registered for Mainland-HK Mutual Recognition
Dec 22, 2015China's securities regulator announced on Friday that it has registered the first batch of Mainland-Hong Kong Mutual Recognition of Funds (MRF). China Securities Regulatory Commission (CSRC) has registered three Hong Kong funds under the ...
Tags: Funds Registered, Mainland-HK
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HK Welcomes Mutual Recognition of Funds Arrangement
Dec 22, 2015Hong Kong's Financial Secretary John Tsang on Friday expressed welcome to the mutual recognition of funds arrangement between the mainland and Hong Kong. "The mutual recognition of funds arrangement further deepens the mutual access ...