Well, another way for the Chinese to both protect their Yuan denominated assets from devaluation, and effectively «short» the Yuan, is to convert a portion of
their Yuan into Bitcoin.
China's vast array of trade partners will be able to convert
yuan into gold without having to keep funds in Chinese assets or turn them into U.S. dollars.
THE decision by China's securities regulator to increase quotas for foreign funds investing in yuan - denominated shares is viewed as the next step in the process of transforming
the yuan into an international currency.
Not exact matches
The deregulation in 2010 of the
yuan in Hong Kong turned the city
into a RMB investment hub, a position for which London, Singapore and other financial centres are now vying.
Raising the
yuan's profile and transforming it
into a leading global currency has been among Chinese president Xi Jinping's key endeavors.
It has pumped 800 - 900 billion
yuan ($ US125 - 140 billion)
into stocks, according to Goldman Sachs, yet trading volumes are shrinking.
Like a shopkeeper peddling his wares, he launches
into an aggressive diatribe about shoddy pens and says Xiaomi's are only 9.90
yuan and fit perfectly in a person's hand.
«There is a premium in bitcoin pricing in China as a hedge against the
yuan... Strength is likely to carry
into year - end.»
And in this August Sina bid a domain name 97973.com for RMB tens of millions
yuan and modeled it
into a gaming info site.
The world's first
yuan - denominated oil contracts launched today, as part of China's drive to turn its currency
into a global force in markets.
There was also a fair amount of bad news baked
into the price of stocks at the beginning of 2016 that never materialized (a U.S. recession, Chinese
yuan devaluation and crash in oil prices, for instance).
China's Dalian Wanda group and Tencent Holdings said on Friday they would set up a five billion
yuan ($ 814 million) e-commerce joint venture with Baidu, as the firms push
into the high - growth e-commerce sector.
A possible game changer is the Petro -
yuan, the Chinese government's plans to start a crude oil futures contract priced in
yuan and convertible
into gold.
As the
yuan progressively reaches full consolidation in trade settlement, the petro -
yuan threat to the US dollar, inscribed in a complex, long - term process, will disseminate the Holy Grail: crude oil futures contracts priced in
yuan fully convertible
into gold...
The company announced in 2014 a plan to invest 10 billion
yuan ($ 1.5 billion) in logistics, hardware, and training to push its e-commerce model
into 100,000 villages in the next three to five years.
«The next order of business is to keep the CNY - CNH rates close to each other ahead of the
yuan's official entry
into the SDR,» DBS added.
When these areas were divided
Into various kingdoms, Kublai Khan became the ruler of China and Mongolia, and the founder of the
Yuan dynasty.
Travellers at Shanghai's main international airport reported a two - hour wait to pass through customs at the weekend, as officials searched luggage and levied extra tax on those bringing goods worth more than 5000
yuan ($ 1024)
into the country.
Yili has announced an ambitious plan to become the one of the world's top five dairy firms and transform itself
into a 10 billion
yuan health food giant by 2020.
Physicist Peter Chen (also known as Chen -
Yuan Chen) of Taiwan's National Pingtung University of Education reportedly constructed an elaborate web of over a hundred fake e-mail addresses and used it to get some 60 papers — all now retracted —
into the Journal of Vibration and Control, which apparently did not have sufficient control of its own reviewing process.
A young cosmologist, John Chan (Chung
Yuan Chan) had proven that the Universe only can has two states, nothingness and somethingness, and the Universe must emerge from nothingness
into somethingness, and vice versa.
Xu K,
Yuan Z, Rayner S, Hu X. Genome comparison provides molecular insights
into the phylogeny of the reassigned new genus Lysinibacillus.
Claiming some genuine martial arts movie cred, this chapter features some voiceovers from not only Jackie Chan returning as Furious Five member Monkey, but Jean Claude van Damme as the Chinese alligator, Master Croc, who, like his alter - ego, who can drop
into a vicious split at the drop of a
yuan.
Jada
Yuan: I got to see The Disaster Artist when it was still a «work in progress» at its first unveiling at SXSW in March, and not only did I have no idea what I was getting
into, I was kind of dreading it.
One description says it's a «whirlwind neo-noir» about a bag containing a million
yuan that draws various people from shady backgrounds
into a bloody conflict.
Jones says that dragon boat racing has a long history, dating back more than 2,000 years to China when a poet named Qu
Yuan threw himself
into the Miluo River to protest the government.
You can receive wire transfer funds directly
into your chequing or savings accounts in Canadian dollars, US dollars, Euros, British pounds, Hong Kong dollars or Chinese
yuan.
When you buy shares in, for example, China, your dollars are converted to
Yuan until you choose to sell and get your investment back, when the
Yuan you receive from selling your Chinese shares must then be converted back
into dollars.
- In the near future it would make it easier for companies to invest more
into China financial markets - It would also open up / create new market for derivatives and other allied products - It would also make Singapore a market place for
Yuan outside China [and Hong Kong] resulting in more money and related product.
Guinness offers nine funds, all of which fit
into unique niches — Renminbi
Yuan & Bond Fund (a Great Owl) or Inflation - Managed Dividend Fund, for instances
Guan Du,
Yuan Shao's Forces; Keep Yan Liang and Wen Chou alive (kill Guan Yu ASAP), demoralize Cao Cao's troops
into opening the side gates
Yuan has carved lines of a poem
into different leaves of a live plant, so that you can read the plant as you look at it.
Since he began his venture
into film and video art, Cheng Ran has participated in biennales and exhibitions in and out of China, such as in the Qiao Space, Shanghai (2016);
YUAN Space, Beijing (2015); the 14th Istanbul Biennial (2015); Palais de Tokyo, Paris (2014); and the Museo Nacional Centro de Arte Reina Sofía, Madrid (2011).
Identified by the poetic quality of her work,
Yuan's multi-layered practice inquires
into the ocean's phenomenological possibilities and its ecological calamity.
Li
Yuan - chia's work embraces the ordinary and the everyday at the same time as it offers a glimpse
into the cosmic and the universal.
Li
Yuan - chia was born
into a peasant family in rural Guangxi Province.
The article on the results of the investigation
into Fu
Yuan Yu Leng 999's journey to Ecuador includes details on SkyTruth analyst Bjorn Bergman's analysis of Global Fishing Watch tracking data.
Long - time crypto watchers will recall 2013, when China banned exchanges from allowing people to buy
into bitcoin and other crypto coins using the local
yuan currency.
China's two biggest bitcoin exchanges, Huobi and OKCoin, collectively invested around 1 billion
yuan ($ 150 million) of idle client funds
into «wealth - management products.»
Bitcoin's popularity could have also raised concerns from authorities that believe the cryptocurrency could «weaken the official control of the country's money supply,» because everyday investors have progressively bought
into Bitcoin, betting against the
yuan.
Uphold, the world's fastest growing cloud - based financial services platform, has announced its real - time integration with leading cryptocurrency exchange Bittrex, allowing real - time market pricing for its members to exchange Voxel, Litecoin and Ethereum
into a wide range of fiat currencies, including the US dollar, Euro, Chinese
yuan, Indian rupee, Japanese yen and British pound, as well as precious metals, including gold and silver.
In an attempt to lift market sentiment, China has dumped cash totaling over 810 bln Chinese
yuan — about $ 130 bln —
into its economy over five days.
«In a hearing held by the Finance Committee of the Legislative
Yuan,» Focus Taiwan reported, «Yang, who took the helm of the central bank in late February, suggested that the Ministry of Justice include Bitcoin
into the purview of Taiwan's Money Laundering Control Act due to the digital currency's lack of regulation.»
The trade volume held in Chinese
Yuan crashed, sending the markets
into disarray and opening doors for other nations in the region.
The
yuan may be in for a tough few months that could translate
into higher bitcoin prices.
These policy moves generated significant visibility, as some market observers asserted that devaluing the
yuan would prompt Chinese market participants to put their funds
into bitcoin as a store of value.
The case against Wu included defrauding Anbang Property & Casualty Insurance of an alleged 65.2 billion
yuan ($ 10.4 billion), the amount claimed to be still missing from 160 billion
yuan in unauthorized sales proceeds that he transferred
into companies he secretly controlled.