China Currency

DES MOINES, Iowa, Oct. 6, 2026 /PRNewswire/ -- China has spent years building the infrastructure of a financial system that can operate without depending entirely on the U.S. dollar, according

CommentaryOne of the key aspects of the Chinese Communist Party (CCP) is that it must always project confidence, control, and power. But when it comes to its huge, digital currency-based

Saudi Arabia has officially pulled out of mBridge, the China-led cross-border payments platform built on central bank digital currencies and distributed ledger technology. The Saudi Central Bank, known as SAMA,

Stay informed with free updatesSimply sign up to the Digital currencies myFT Digest -- delivered directly to your inbox.Saudi Arabia has withdrawn from a Beijing-led digital currency programme that is

China’s foreign exchange watchdog is quietly leaning on banks to get their corporate clients to hedge more aggressively against currency swings. Some branches of the State Administration of Foreign Exchange

China will further advance worldwide use of the renminbi over the next five years while remaining committed to maintaining currency stability, as part of broader efforts to enable the financial

China's foreign-exchange reserves edged higher in August against the backdrop of a weaker dollar and a surging trade surplus, renewing concerns about the yuan's appreciation. China's foreign-exchange reserves rose by

The growth in trade between Africa and China has created more opportunities for businesses on both sides, but paying Chinese suppliers in their preferred currency can still present a challenge

USD/CNY is near 6.72 as BofA and MUFG converge on 6.60, with exporter conversion and policy tolerance giving the Yuan room to strengthen. The US Dollar to Chinese Yuan (USD/CNY)

China Australia photo: VCGChina and Australia have renewed their bilateral local currency swap agreement, expanding it to 220 billion yuan ($32.7 billion)/A$46 billion for five years, the People's Bank of