RMB

Turkish Expert Predicts the Rise of a New Multi-Currency Economic Order as ‘De-dollarization’ Gains Momentum

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Turkish Expert Predicts the Rise of a New Multi-Currency Economic Order as ‘De-dollarization’ Gains Momentum

Original title: Turkish expert: “De-dollarization” is a foregone conclusion and a new multi-currency economic order is taking shape Adnan Akfrat, chairman of the Turkey-China Business Promotion and Friendship Association, wrote in China Daily on July 5 that as the US dollar’s ​​80-year dominance in global trade encounters a wave of resistance, the establishment of a … Read more

Hong Kong Stock Exchange Launches Dual-Counter Model to Promote Offshore RMB Circulation and Internationalization

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The Hong Kong Stock Exchange’s “Hong Kong dollar-RMB dual-counter model” will be officially launched on the 19th of this month, which is another important milestone in the development of Hong Kong’s capital market. The status of the largest offshore RMB center further promotes the process of RMB internationalization. Since the launch of personal RMB banking … Read more

Taiwan Stocks Support NT Dollar But Will The Trend Continue?

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Taiwan Stocks Support NT Dollar But Will The Trend Continue?

Supported by Taiwan stocks, the New Taiwan dollar depreciated by 2.9 cents to close at 30.754 yuan (photo by reporter Chen Meiying) [Reporter Chen Meiying/Taipei Report]Although Taiwan stocks opened higher and went higher, almost breaking the “ten thousand seven”, the exchange rate trend of the NT dollar against the US dollar diverged from that of … Read more

“RMB vs. USD Exchange Rate Fluctuations and Factors Contributing to Recent Weakness: Analysis and Forecast”

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The exchange rate of RMB against the U.S. dollar has entered a period of large fluctuations. According to the foreign exchange trading center, on May 25, the central parity rate of the RMB against the U.S. dollar in the inter-bank foreign exchange market was 7.0529 yuan, an increase of 31 basis points from the previous … Read more

“RMB Exchange Rate Hits Lowest Level Since December Due to Weak Economic Growth in China: Analysts Predict Further Depreciation”

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“RMB Exchange Rate Hits Lowest Level Since December Due to Weak Economic Growth in China: Analysts Predict Further Depreciation”

[VoiceofHopeMay192023](comprehensive report by our reporter Ting Fang) On May 19, the exchange rate of the RMB against the US dollar fell to the lowest level since December last year. Some analysts believe that the depreciation of the RMB exchange rate is the result of China’s weak economic growth. The onshore yuan fell 0.3% on the … Read more

Meituan Financial Report: Meituan to Achieve 60.13 Billion Yuan Revenue in Q4 2022 with 21.4% YoY Growth

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Meituan Financial Report: Meituan to Achieve 60.13 Billion Yuan Revenue in Q4 2022 with 21.4% YoY Growth

Meituan released its financial report for the fourth quarter and full year of 2022. Financial report shows,The company’s revenue in the fourth quarter was 60.13 billion yuan, a year-on-year increase of 21.4%; The net loss was 1.08 billion yuan, and the estimated loss was 1.53 billion yuan; the adjusted net profit was 830 million yuan. … Read more

The woman accidentally found the 1952 banknotes in the wallet 30 years ago. Netizens popular science: There is a lot of room for appreciation.

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The woman accidentally found the 1952 banknotes in the wallet 30 years ago. Netizens popular science: There is a lot of room for appreciation.

The woman accidentally found the 1952 banknotes in the wallet 30 years ago. Netizen popular science: there is a lot of room for appreciation Life is full of surprises. According to @万象新闻, recently in Fangchenggang, Guangxi, a woman accidentally discovered a handmade wallet that she had when she was a girl more than 30 years … Read more

The central parity rate of the RMB against the US dollar was restored to 6.9546, an increase of 279 basis points

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The central parity rate of the RMB against the US dollar was restored to 6.9546, an increase of 279 basis points

On December 27, the central parity rate of the RMB against the US dollar was quoted at 6.9546, an increase of 279 basis points. The previous trading day’s average price was quoted at 6.9825, the closing price of onshore RMB was quoted at 6.9587 at 16:30 and 6.9634 at 23:30. The central bank carried out … Read more

New Stock Announcement | Chalk (02469) Plans to Issue 20 Million Shares Dec. 23-30 | RMB_Sina Finance_Sina.com

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New Stock Announcement | Chalk (02469) Plans to Issue 20 Million Shares Dec. 23-30 | RMB_Sina Finance_Sina.com

Chalk (02469) will issue an IPO from December 23 to 30 The company plans to issue 20 million shares, of which the Hong Kong public offering will account for 10%, the international offering will account for 90%, and there will be an additional 15% HKD-9.9 HKD over-allotment option, 500 shares per board lot, shares are … Read more