China’s Record Dividend Payout Intensifies Pressure on the Yuan
7 hours ago · (Bloomberg) -- China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts leading to outflows. Interim dividends paid by Hong Kong-listed Chinese firms are set to reach $12.9 billion between January and March, a record level for the first quarter, according to ...
Exclusive: Chinese authorities are considering a weaker yuan as …
Dec 11, 2024 · The yuan, or renminbi (RMB) as it is sometimes known, has struggled since 2022, weighed down by an anaemic economy and a drop in foreign capital inflows into China's markets.
Yuan Slides on Report China Considering Weaker Currency in 2025
Dec 11, 2024 · China’s yuan slid the most in a week following a report that Beijing is considering allowing the currency to weaken next year in response to the threat of a trade war with the US.
China currency: Yuan - South China Morning Post
Nov 18, 2024 · Latest news on the Chinese yuan, also known as the renminbi, including the impact of the US-China trade war on the Chinese Communist Party's currency policies.
Chinese yuan to hit record lows as U.S. tariff threat mounts ...
Nov 28, 2024 · Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, according to CNBC's calculation of forecasts from 13 institutions....
PBOC Offers Strongest Yuan Support Since July After Dollar Gains
Dec 19, 2024 · China ramped up support for its currency via the daily reference rate after the Federal Reserve’s caution over future interest rate cuts boosted the dollar and sent the offshore yuan to a one ...
China's yuan slides to four-month low on Trump's tariff promise
Nov 26, 2024 · The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an...
China’s march to strong yuan is long and perilous | Reuters
Sep 25, 2024 · Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, Beijing is trying to get the renminbi more widely accepted in global...
China's yuan falls against dollar, raising ... - Associated Press News
Aug 17, 2023 · China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump.
China Sets Yuan Fix at Weakest Since 2023 Amid US Tariff Risk
Nov 7, 2024 · China slashed the daily reference rate for its currency to a level unseen since late 2023, a sign the central bank is allowing depreciation after a surge in the dollar pummeled the yuan.