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.

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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.

The Chinese renminbi has bounced back in the past few weeks as the market ignored the ongoing trade tensions between the US ...

Return of USD strength in the near term is likely to be the dominant factor impacting IDR in the near term. Although Indonesia is relatively less exposed to US tariff risk, escalation of tariff talks ...

"Chinese financial culture has contributed valuable insights and wisdom to improving global financial governance," said Liu Qing, a tenured associate professor at School of Economics and Management, ...

Beijing has raised its budget deficit target to "around 4 percent" of GDP from last year's 3 percent, the highest increase ...

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