Sentences with phrase «yuan exchanged»

Chinese officials argue that it's important to look beyond the simple dollar - yuan exchange rate for a fuller picture of what's happening.

Recent stabilization in dollar valuation, yuan exchange rate, as well as prices of crude oil should ease some concerns on the inflation front.

«If this turns out to be true, then this sell - off is substantiated, and we could see further downside over the weekend, as it could mean the large bitcoin / Chinese yuan exchanges will need to halt trading,» he added.

Not exact matches

Dealing in the redback is a complicated process — China has historically maintained tight currency controls, and buying and selling yuan has to go through a renminbi exchange.

«It's fundamentally in China's interest not to have an undervalued exchange rate,» Lew said, adding that a market - driven yuan would benefit Chinese consumers» purchasing power.

The plan is to launch an oil futures contract on the Shanghai International Energy Exchange (INE), but there are obstacles in convincing large oil producers and consumers in using the yuan and investing in the Shanghai benchmark.

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.

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 under an administered peg regime in which the exchange rate with the US dollar is permitted to fluctuate within a band that is 2 % above and below a value set daily by the central bank.

* 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 Chinese central bank was more than happy to take these U.S. dollars in exchange for yuan and then it bought U.S. Treasurys.

By 1233 GMT, it was down 18 percent on the exchange, at 20,510 yuan.

Daily combined turnover on the Shanghai and Shenzhen exchanges has more than halved to less than 700 billion yuan ($ US109.5 billion) in two months.

China's surprise decision to revalue the yuan as it tried to contain the stock market turmoil caused the currency to drop the most in 21 years last month, triggering exchange - rate declines elsewhere in the emerging world on concern that a weaker yuan will hurt countries exporting to China.

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

As a result of its weakening economy, China has abandoned its currency peg with the dollar and reduced the yuan's exchange rate on three separate occasions this week.

The cost of maintaining the yuan's level against the US dollar has been a drop in foreign exchange reserves and an 8.3 % drop in exports in the 12 months to July.

According to coin.dance, last week on LocalBitcoins, we witnessed the exchange of more than 115 million yuan (approximately $ 17.4 million USD).

«Some investors told me I was crazy,» Trinh, the senior currency strategist at Royal Bank of Canada in Hong Kong who predicted a yuan retreat in June, when most of her peers were forecasting a stable or stronger exchange rate.

Chinese authorities had been propping up the yuan, contributing to an almost $ 300 billion drop in foreign - exchange reserves over the last four quarters, as policy makers sought to deter capital outflows and encourage global usage of the currency.

At the end of the May, following three rounds of auction, it had sold most of the items on the docket, but, based on listing prices — Beibu Gulf Equity Exchange has only partially disclosed actual sales prices — raised only 1.38 billion yuan ($ 208 million), with the remaining assets valued at 1.58 billion yuan ($ 238 million)(see Figure 2).

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.

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.

China's surprise yuan devaluation on Aug. 11 led to a tightening in liquidity as the PBOC subsequently bought its currency to stabilize the exchange rate and curb capital outflows.

The Shanghai International Energy Exchange on Monday will launch its yuan - denominated crude contracts, a move that could shake up the energy markets.

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.

January 2017 capital controls from the PBoC for China based exchanges failed to have important industry growth ramifications beyond a slowdown of Yuan - Bitcoin exchange volume,» Bauerle explained.

These actions mark Beijing's continued efforts to establish the yuan as a global reserve currency and replace the US dollar in the world's commodity exchanges.

The yuan's slow and substantial appreciation over the past decade indicated Beijing had abandoned the use of foreign exchange (FX) policy to stimulate the economy.

Beijing has substantive tools at its disposal: gargantuan foreign exchange reserves, close control over the conduits of domestic finance, a current account surplus and a near - monopoly on yuan assets held on shore.

China's ultimate goal is to convince Saudi Arabia — one of China's top - three oil suppliers — to take yuan in exchange for oil, and thus to abandon the 45 - year link of Saudi oil to the petro - dollar.

The yuan lost against the greenback in the previous day to as low as 6,5430 after the central bank changes two regulations on foreign exchange, seeming to indicate to let the yuan move more freely.

Another concern is what Beijing's end - game is, given that efforts to hold up the yuan so far have required it to drain the country's massive foreign exchange reserves.

They take the Yuan the Chinese pay them for oil and then turn around and buy it on the Shanghai Exchange.

NEW YORK — China's launch of its crude futures exchange today will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management.

However, in a notice posted to the bitARG website, representative director Yoon Hee Yuan refuted Nikkei's report on the matter and said that the exchange (which is not yet functional) has not agreed to any deals.

The yuan's top coincided with the beginning of the «tapering» of the Fed's QE3 debt monetization program and the peak in China's foreign exchange reserves at just below $ 4 trillion.

With the yuan recently trading closer to the PBOC's dollar - yuan reference rate, conditions are ripening for a widening of the yuan's trading band, that by which the PBOC allows the yuan to move 1 % above or below the reference exchange rate.

Given that China has higher interest rates than the US, in the absence of expectations of a change in the target exchange rate one would expect the forward exchange rate (expressed as yuan per US dollar) to be higher than the spot exchange rate so as to eliminate the possibility of earning a risk - free profit over the term of the contract.

To prevent the yuan from appreciating, the PBOC buys up foreign exchange using newly created domestic currency.

Shanghai Samsung Semiconductor bought 52.3 million BYD shares at 57.4 yuan apiece in a private placement that raised 14.5 billion yuan in total from six investors, according to a statement to Shenzhen stock exchange.

Yuan added, «We will promote the provision of secure exchange services,» noting that bitARG's service is scheduled to begin in fall 2018.

The exchange's representative director, Yoon Hee Yuan, wrote, «As a result of this capital participation, the Company [bitARG] will be able to utilize the service operation and security expertise of the Yahoo Japan Group.»

It is important to keep in mind that this suspension will likely not affect most of the exchange's Chinese customers, considering the fact that yuan - based withdrawals and deposits are still accepted.

On February 14th, the company's opening day of trading on the Shanghai Stock Exchange, listings soared 44 percent, and it reached a market value of 68 billion yuan ($ 10 billion).

WSJ - Sep 7 - Jiayuan makes money primarily by charging users to exchange love notes through its website for two yuan each.

The stock traded as low as 3.6 yuan, down 48 %, on the National Equities Exchange and Quotations, China's over-the-counter stock market for start - ups.

The starting price has been set at 436,800 Yuan, which equals to $ 65,648 at today's exchange rates.

The Shanghai International Energy Exchange is launching a crude - oil futures contract that's denominated in Yuan.