But a compelling question is whether the renminbi’s global stature will rise to match that of the Chinese economy—perhaps approaching the U.S. dollar. The answer to that question depends on three ...

Obviously, the bill sale will result in the renminbi ... and BNP Paribas all anticipate that the renminbi will decline to Rmb7.5 per dollar by the conclusion of 2025. Nomura predicts that it ...

Opinions expressed by Forbes Contributors are their own. I am the CIO of KraneShares, a China-focused ETF provider. Asian equities were mixed overnight as Hong Kong outperformed the region.

The bill sale will have the effect of soaking ... Global banks anticipate the renminbi will hit Rmb7.5 a dollar or beyond by the end of the year, a level last seen in 2007, with serious ...

The offshore renminbi, which trades free of the limits imposed by Chinese financial authorities, weakened by 0.3 per cent on Wednesday to 7.29 a dollar before recovering to 7.27. The dollar ...

SHANGHAI -- The People's Bank of China on Thursday said it will issue renminbi-denominated central bank bills worth a record 60 billion yuan ($8.18 billion) in Hong Kong, in what analysts said was ...