The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 36 pips to 7.1697 against the U.S.

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1697 as compared to the previous day's fix of 7.1733 and 7.2330 Reuters estimate.

In recent years, China's high-level financial opening-up has made significant strides, not only sharing development ...

The central parity rate of the Chinese yuan, or renminbi, rose by 50 pips to 7.1688 against the U.S. dollar on Monday, as ...

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The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. The central ...

Li Xiaopeng, the former chairman of state-owned financial conglomerate China Everbright Group, has been sentenced to 15 years in prison for taking bribes, state broadcaster CCTV reported on Tuesday.

Prior to the market opening, the People’s Bank of China (PBOC) set the midpoint rate, around which the yuan is allowed to ...

Nilesh Shah, MD of Kotak AMC, highlights the performance of gold and the Nifty, noting gold's potential for great returns. He ...