EXPLAINED: 2 - The Real Truth

China's central bank to boost support for global investors in financial markets

China's central bank plans to improve access for global investors and issuers to its financial markets by strengthening cross-border financial connectivity, developing the offshore yuan market and promoting yuan-denominated bonds as globally recognised collateral.

The Economic Times · Oct 16

Global Market: Yuan holds steady, set for third weekly gain on robust Chinese exports

China’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its strongest level since January 2023, despite domestic economic concerns and rising global bond yields. Investors await China’s third-quarter GDP data and signals on US monetary policy direction.

The Economic Times · Oct 16

Global Market: Bank of China (Hong Kong) plans $3.3 billion onshore yuan debt issuance

Bank of China (Hong Kong) plans to issue up to 22.2 billion yuan in onshore negotiable certificates of deposit in 2026, strengthening funding access and financial integration. The move supports Hong Kong’s ambition to become a leading offshore yuan hub, promoting cross-border investment and expanding the Chinese currency’s international role.

The Economic Times · Oct 15

Global Market: China's Yuan hovers near 3-1/2-year high as trade risks cloud outlook

China's yuan hovers near a 3-1/2-year high against the dollar as fading expectations of a US rate hike support the currency. However, trade tensions, China's widening yield disadvantage and concerns over export demand could limit further gains.

The Economic Times · Oct 12

Woman buys 196 parking spaces for Rs 20 crore, residents sue after she doubles rental charges

A woman surnamed Wu in Changsha, China, bought 196 parking spaces for Rs 19.36 crore in 2018 and later rented and listed them for sale at higher prices as demand increased. Residents challenged the bulk purchase in court, arguing that it worsened parking shortages. A local court ruled in her…

The Economic Times · Oct 10

Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claims

The Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy amid European Union trade negotiations, rejecting undervaluation claims. Supported by strong exports and foreign capital inflows, the yuan has gained 4.4% this year, with authorities favouring stability and gradual…

The Economic Times · Oct 9

Dollar Weakens on Strength in the Chinese Yuan

The dollar index (DXY00 ) is down by -0.16% today. The dollar is modestly lower today, consolidating below last Friday’s 2-week high. Today’s rally in the Chinese yuan to a 3.5-year high is undercutting the dollar. However, losses in the dollar are limited today as WTI crude oil climbs more...

Barchart · Aug 31

Shamell Naquan Joyner Jury Evidence: DC Jurors Find Hidden Drugs And Yuan Missed By Police

During deliberations, jurors in Shamell Naquan Joyner's trial found a Chinese yuan and a white powder in evidence clothing, leading to a mistrial request that was ultimately denied.

International Business Times UK · Aug 11

Shamell Naquan Joyner trial takes bizarre turn as jurors uncover suspected drugs and Chinese yuan hidden in evidence

Jurors found a Chinese yuan note and white powder inside clothing presented as evidence. This discovery occurred during deliberations in the Shamell Joyner robbery trial. The judge instructed jurors to disregard these unexpected items during their decision-making. Jurors ultimately convicted Joyner on thirteen of the twenty-eight charges. The jury deadlocked…

The Economic Times · Aug 10

Yuan gains ground in Thai trade transactions

Bank of Ayudhya (Krungsri) expects Thai importers to make greater use of Chinese yuan in international transactions, reflecting the growing volume of imports from China.

Bangkok Post · Jul 22