OTC Capital Partners » Yuan

Analysis: Asia’s double-edged currency sword

Reuters: Business News — Mon, 02 Jan 2012 16:01:57 +0000

SINGAPORE (Reuters) – The roller-coaster ride for Asian currencies, which saw only the yen and yuan post significant gains for the year against the U.S. dollar, is set to continue in 2012.

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China moving to more convertible yuan: Zhou

Reuters: Business News — Sun, 01 Jan 2012 18:40:34 +0000

BEIJING (Reuters) – China’s central bank governor argued in comments published on Saturday that Beijing does not control the yuan’s flow across borders as tightly as some think and that it is natural for the currency’s trading band to be widened over time.

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Yuan hits all-time high

Reuters: Business News — Tue, 27 Dec 2011 02:50:57 +0000

SHANGHAI (Reuters) – The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.

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Yuan hits record vs dollar, on track for over-4-percent gain

Reuters: Business News — Mon, 26 Dec 2011 05:40:17 +0000

SHANGHAI (Reuters) – The yuan hit an all-time trading high against the dollar on Monday, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.

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China says will "strengthen" yuan’s trading flexibility

Reuters: Business News — Sat, 19 Nov 2011 17:50:03 +0000

SHANGHAI (Reuters) – China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.

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China October bank loans rebound, more policy easing expected

Reuters: Business News — Fri, 11 Nov 2011 13:30:17 +0000

BEIJING (Reuters) – Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of “selective” policy easing by the government to keep the world’s second-largest economy on an even keel.

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Europe bailout fund chief courts China

Reuters: Business News — Sun, 30 Oct 2011 07:00:31 +0000

BEIJING (Reuters) – The head of Europe’s rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires.

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China trade momentum softens in face of global woes

Reuters: Business News — Thu, 13 Oct 2011 03:50:43 +0000

BEIJING (Reuters) – China’s trade surplus narrowed in September for a second straight month as growth of exports and imports both pulled back, reflecting global economic weakness and domestic cooling, and giving Beijing ammunition to resist U.S. pressure to allow the yuan to rise more quickly.

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Exclusive: China c.bank withdraws 20 bln yuan from state lenders

Reuters: Business News — Fri, 09 Sep 2011 10:20:04 +0000

BEIJING (Reuters) – China’s central bank has withdrawn at least 20 billion yuan ($3 billion) from some state-owned lenders via designated central bank bills, banking sources told Reuters on Friday.

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China invests $199 billion for urban rail through 2015: report

Reuters: Business News — Fri, 26 Aug 2011 07:00:21 +0000

BEIJING (Reuters) – China will invest about 1.27 trillion yuan ($199 billion) to build subways and light rail lines during the current five-year plan ending in 2015 to ease traffic congestion and spur urban development, the official China Securities Journal reported on Friday.

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