Sentences with phrase «yuan trading»

Concurrently, yuan trading volumes on OTC platforms have significantly increased.

China's oldest bitcoin exchange has released new details on how it will end yuan trading following a crackdown by the domestic government.

«The Goal for China is to Open Up the Yuan Trade» — Economist © REUTERS / Jason Lee China will be able to challenge the global dominance of the US...

Chinese exchanges and yuan trades now dominate bitcoin markets, as macro factors and fee structures pump up volumes.

Not exact matches

Chi Lo of BNP Paribas says the Chinese yuan could see some swings linked to trade issues, but such movements would point to a more market - based approach to the currency.

Pakistan also conducts trade deals with China denominated in Chinese yuan.

China, for example, still imposes many restrictions on foreign capital, and its currency regime restricts companies from trading in the yuan.

SHANGHAI NICKEL: The most - traded nickel on the Shanghai Futures Exchange rose as much as 5.9 percent to 109,790 yuan ($ 17,514) a tonne, its strongest level since June, 2015, before closing at 108,120 yuan, up 4.2 percent.

China's not so sure it wants to let that happen — though the yuan did trade at it's highest level today since 2005.

A second and wider - reaching development is a scheme to allow the yuan and other foreign currencies to be freely traded with few restrictions by firms in the Shanghai Free Trade Zone (FTZ).

MANILA, May 2 - London copper futures recovered from its weakest level in nearly a month on Wednesday as investors awaited comments from the U.S. SHANGHAI COPPER: The most - traded June copper contract on the Shanghai Futures Exchange slid 1.4 percent to 50,900 yuan a tonne, tracking losses in London in the prior session as Chinese markets reopened after a two - day...

The yuan is the currency that is the fifth-most important currency for global trade, but that is not enough to be included in the SDR basket.

* SHFE COPPER: The most - traded June copper contract on the Shanghai Futures Exchange edged down 0.1 percent to 50,960 yuan ($ 8,007.42) a tonne by the mid-session interval.

The yuan plunged to a five - year low in offshore trading on Wednesday.

With trading abruptly suspended twice in four days amid shock yuan fixes, even the pros can't agree on whether Chinese authorities have lost control of markets or are pursuing a cunning strategy.

For this week's trader poll, we want to know where you think dollar - yuan will trade by the end of the year.

China may have played an early card in this week's trade summit with the United States as officials pegged the yuan at the lowest levels against the greenback in more than three months as the country's trade surplus swells to $ 58.25 billion.

It has pumped 800 - 900 billion yuan ($ US125 - 140 billion) into stocks, according to Goldman Sachs, yet trading volumes are shrinking.

Priced in yuan and traded on the Shanghai International Energy Exchange, it's the first such Asian benchmark for oil deals.

As exemplified by the high yuan volume on LocalBitcoins, OTC trade is the people's salvation.

This week, over-the-counter (OTC) trade in Chinese yuan reached an all - time high on LocalBitcoins, demonstrating how peer - to - peer economies continue to overcome heavy - handed institutions.

The courier had revenue of 57.3 billion yuan ($ 8.6 billion) in 2016 and has been publicly traded since January 2017.

If the yuan's level versus trading partners is any guide, its slump is far from over.

HONG KONG / SHANGHAI China's state - backed semiconductor fund is near to closing a 120 billion yuan ($ 18.98 billion) investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.

The central bank put the yuan's central parity rate at 6.4010 yuan for US$ 1, the China Foreign Exchange Trade System said, a drop of 1.11 % from the previous day's 6.3306.

«We believe export growth will slow due to yuan appreciation and rising trade tensions... China's imports could be more resilient than exports in our view as China has pledged to increase imports,» Wang said.

China's love affair with P2P trading platform LocalBitcoins shows no sign of flagging after yet another consecutive record week with traders exchanged over 50 million yuan.

This measure is described in a recent article in Caixin, which describes a meeting held by the CSRC involving the heads of China's 21 largest brokers: «The firms announced in a joint statement that to stabilize the stock market they would spend at least 120 billion yuan combined to buy exchange - traded funds linked to blue - chip stocks listed on the Shenzhen and Shanghai bourses.

Trading volume in WisdomTree Dreyfus Chinese Yuan ETF (NYSEArca: CYB), the largest and most liquid exchange - traded product currently available, has been building in the past week as money managers have started taking money out of Chinese stocks they think are getting overvalued.

The most traded ShFE aluminum contracted closed down 0.3 percent at 14,010 yuan ($ 2,223.07) a tonne earlier on Wednesday, after in January - March having its biggest quarterly decline since 2010.

In September, China supported a Russian proposal to start direct trading between the yuan and the ruble.

The yuan has been rising quite consistently against the dollar since Friday, when the yuan was trading at as high as 6.6667 per dollar.

But as far as I can tell, most transactions in Bitcoin and other cryptocurrencies are inter-currency speculative trades: US dollars for Bitcoins, Bitcoins for dollars, Chinese yuan for Bitcoins, Bitcoins for other cryptocurrencies, Dollars for Ripples, and so on.

The Chinese yuan strengthened marginally against the greenback, trading at 6.6078 per dollar.

China has begun trading for oil in yuan, recently launching its so - called «petro - yuan.»

China outstripped Australia as New Zealand's largest trading partner last year thanks to dairy exports, whereby milk powder made up for approximately 40 % of Chinese imports.1 Furthermore, a mutual agreement now makes direct Chinese Yuan - New Zealand Dollar trading possible.

The People's Bank of China (PBOC) has set a slew of strong daily trading midpoints for the yuan, increased how frequently it has state banks sell dollars to support the currency and has conducted rare intervention in derivative markets.

In late trade on Wednesday, the spread between the onshore yuan and offshore spot widened to about 1,000 pips, the highest level since September 2011, implying foreign investors are pricing in deeper depreciation to come.

The move expands the scope of a similar document, seen on Tuesday, in which the central bank said it will require banks to hold reserves on behalf of clients» trading of currency forwards, in a move seen curbing speculation and volatility after a shock Aug. 11 yuan devaluation.

If you allow them to trade in their own currency, whether it is Chinese yuan, U.S. dollar, or the euro, they can manage better that risk.

He said his biggest trade lately was 60,000 to 70,000 yuan ($ 10,000 to $ 11,000)-- the equivalent of a year's salary.

Baidu's stock climbed 5.5 percent to $ 252 in late trading after marketing revenue grew 23 percent to 17.2 billion yuan ($ 3.30 billion), its second fastest quarterly rate in over two years.

On the political front, «Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long - term goals as an alternative to the dollar — making this even more appealing to sanctions - threatened countries relying on the dollar,» Ramady wrote in The National.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

A weaker yuan makes Chinese exports cheaper for buyers, and thus boosts trade.

Is China Preparing a Yuan Surprise in the Trade War With the US?

China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country's leaders weigh their options in a trade spat with U.S. President Donald Trump that has roiled financial markets worldwide.

In China, the People's Bank of China set the set the reference rate for the yuan against the dollar, the mid-point from which the currency is allowed to trade, at 6.3732 versus the previous day's 6.3670.

Hayden Briscoe, Head of Fixed Income, Asia Pacific, at UBS Asset Management, said in a report just before the Chinese futures launched that «We believe that in the long term this will change how oil is traded globally, create a petro - yuan currency flow, increase the role of the RMB [renminbi — Ed.]

China Eastern's Shanghai - traded shares rose 1.1 percent on Friday to 5.33 yuan.