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China to Scrap QFII, RQFII Asset Allocation Limits for Foreign Investors

Oct 03, 2016 07:00 AM EDT

China's security regulators on Friday said it will scrap limits on asset allocations under the Qualified Foreign Institution Investor (QFII) program in an attempt to attract more long-term capital, the official Shanghai Securities News posted on its website.

China's Yuan is now part of the IMF's basket of currencies with Special Drawing Rights (SDR).

Yuan Gets Global Monetary Status, Joins Reserve-Currencies Club

Rina S. |

Oct 01, 2016 08:42 AM EDT

China's Yuan has been added to the elite Reserve Currencies club at the International Monetary Fund (IMF).

A clerk counts stacks of Chinese yuan and U.S. dollars at a bank on July 22, 2005 in Shanghai, China.

China Eases RQFII Rules to Attract More Foreign Investors

Charissa Echavez |

Sep 07, 2016 12:49 PM EDT

Chinese regulators issued more relaxed investment rules under the Renminbi Qualified Foreign Institutional Investor (RQFII) program on Monday, a step to open its market and give foreign investors more freedom to buy A shares in mainland China.

China’s Foreign Exchange Reserves Increase for Second Straight Month in April

Girish Shetti |

May 08, 2016 07:49 AM EDT

China's foreign exchange reserves increased for a second straight month in April as capital outflow eased and the Chinese currency gained strength against the US dollar.

Japan Inspired China to Boost Yuan Currency

Japan Inspires China to Boost Yuan

Maria Crisanta Echeverria |

May 01, 2016 07:22 PM EDT

The People's Bank of China (PBoC) raised the exchange rate of the Yuan currency against the U.S. dollar by 0.56 percent, the biggest increase since 2005.

Yuan gold fix launched in China to boost influence in the global market

Yuan Gold Fix to Boost China's Influence on the Global Market

Maria Crisanta Echeverria |

Apr 21, 2016 10:51 AM EDT

Being the world's top gold producer, China launched a Yuan-denominated gold price fix on Tuesday in its attempt to become a price setter in the London and New York markets.

China launches new yuan-denominated gold benchmark on Tuesday, with aim to control pricing and establish stronger influence on the global market.

China Launches Yuan-Denominated Gold Benchmark

Charissa Echavez |

Apr 19, 2016 11:30 AM EDT

China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as it attempts to gain more control over its price and establish stronger influence on the international market.

China is relaxing credit card rules to boost the market.

China's Central Bank Relaxes Credit Card Rules

Charissa Echavez |

Apr 18, 2016 09:40 AM EDT

China's central bank relaxed credit card ending rates and increased the cash withdrawal limit.

China’s Forex Reserve Plunges to 3 Year Low, Shrinks to US$3.23 Trillion

Girish Shetti |

Feb 08, 2016 06:34 AM EST

To cope with the effects of the economic slowdown, the Chinese government has cashed in on its vast foreign exchange reserves to rescue the falling currency and curtail capital outflow overseas.

'Fears of an Economic Meltdown in China are Overblown' - Experts

Carlos Castillo |

Jan 16, 2016 09:07 AM EST

The latest upheaval in China's stock and currency markets -- which spread gloom among investors as the year opened and more recently weighed oil prices down to their lowest in years -- does not mean that the Chinese economy is on the edge of collapse.

Man Wants To Exchange Over 300,000 One-yuan Coins Into Banknotes In Zhengzhou

Chinese Man Gets Headache Because of Too Much Money

JB Cach |

Jan 12, 2016 10:53 AM EST

Apparently, having much money has its own problems.

Zimbabwe to Adopt China's Yuan as its Legal Tender

Desiree Sison |

Dec 24, 2015 12:40 PM EST

In return for China's cancellation of its $40 million debt, Zimbabwe has announced that it is planning to adopt China's legal currency, the yuan, as its legal tender. But it will only be used in trade between the two countries.

China's Foreign Exhchange Reserve is at its Lowest in Nearly 3 Years

Alexis Villarias |

Dec 09, 2015 06:37 AM EST

China's massive foreign exchange reserve has reached its lowest point since 2013. The country's big pile of cash is apparently dwindling fast.

China's Stock Market Rebounds To 3,400 Points

Businessmen Hopeful for China's Economy

Staff Reporter |

Dec 01, 2015 06:59 AM EST

Despite recent challenges as reforms start to come into effect, China's economy is still viewed very positively by business analysts.

China's Central Bank to Introduce New 100 Yuan Banknote on Nov. 12

Kwao Peppeh |

Aug 10, 2015 06:06 AM EDT

The People's Bank of China has announced on Monday that an updated version of the 100 yuan banknote will be introduced on Nov. 12. There would be no changes to the color and design of the new 100 yuan bill. However, it would come with advanced security features that will make it difficult to counterfeit and easily identifiable by machines.

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