June is typically a slow period for car sales in China as the warmer weather kicks in but last month bucked that trend, with ...

Yuan Bingyan, a film and television actress who graduated from the prestigious Shanghai Theatre Academy, was fined almost 3 million yuan ($412,400) by tax authorities in Chongqing, where her company ...

A majority of the justices on the Constitutional Court have voted to accept the Control Yuan’s petition for a constitutional judgement on this year’s central government budget, the Judicial Yuan said ...

The CFETS yuan basket index, a gauge that measures the yuan’s strength against its major trading partners, eased to 95.8 on Tuesday and has lost about 5.6% so far this year.

Every 1% appreciation of the yuan versus the dollar can boost Chinese equities by 3% thanks to factors including improved corporate earnings outlook and stronger foreign inflows, strategists ...

Moreover, the yuan has two other disadvantages in its quest to supplant the dollar. China’s financial markets have neither liquidity nor what financial people call market depth, which is needed ...

At the other end of the push are PBoC’s offshore yuan standby currency swaps with other central banks that hit a record 4.3tn yuan ($591.2bn) by value in February, cross-border commodity trades ...

Washington’s policies seen opening door to greater yuan internationalisation, undermining but not removing US dollar’s dominance in global trade Reading Time:3 minutes Why you can trust SCMP ...

On Wednesday, the People's Bank of China set the yuan's midpoint rate — the reference point for onshore trading within a 2% band — at 7.2066 per U.S. dollar, marking its weakest level since ...

Bybit’s co-founder and CEO, Ben Zhou, agreed, arguing that China will let the yuan weaken to counter the trade war. This means “a lot of Chinese capital flow into BTC, [which is] bullish for ...

The yuan isn't a free float currency like the USD, euro and other G-7 nations and is allowed to trade in a range of 2% on either side of the daily fix announced at 9:15 a.m. Beijing time.

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and hastening the decline of the petrodollar, a report from a ...