The Latest Breaking News from Chinese Yuan

Chinese woman buys 200 parking spaces, doubles rent and wins legal battle

A Chinese woman’s decision to buy nearly 200 parking spaces in a residential complex has turned an investment bet into a bitter dispute with her neighbours. Wu spent 14 million yuan, around US$2 million, on the spaces when demand was low, expecting the surrounding area to develop. As the neighbourhood…

The Times of India · 5h ago

Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

China’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement. However, elevated US Treasury yields and geopolitical tensions limited gains. The PBOC set its strongest midpoint since February 2023, while analysts expect modest appreciation amid trade surpluses and policy uncertainty.

The Economic Times · 10h ago

Tencent sells dollar, dim sum bonds amid AI spending spree

Tencent Holdings is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least $4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.

The Economic Times · 11h ago

Shamell Naquan Joyner Jury Evidence: DC Jurors Find Hidden Drugs And Yuan Missed By Police

During deliberations, jurors in Shamell Naquan Joyner's trial found a Chinese yuan and a white powder in evidence clothing, leading to a mistrial request that was ultimately denied.

International Business Times UK · Aug 11

Shamell Naquan Joyner trial takes bizarre turn as jurors uncover suspected drugs and Chinese yuan hidden in evidence

Jurors found a Chinese yuan note and white powder inside clothing presented as evidence. This discovery occurred during deliberations in the Shamell Joyner robbery trial. The judge instructed jurors to disregard these unexpected items during their decision-making. Jurors ultimately convicted Joyner on thirteen of the twenty-eight charges. The jury deadlocked…

The Economic Times · Aug 10

Yuan gains ground in Thai trade transactions

Bank of Ayudhya (Krungsri) expects Thai importers to make greater use of Chinese yuan in international transactions, reflecting the growing volume of imports from China.

Bangkok Post · Jul 22

Yuan-only payment tale causes stir in ‘Bangkok’s next Chinatown’

Inspectors took to the streets in Huai Khwang district of Bangkok on Thursday after a claim about a restaurant refusing to accept Thai baht and demanding Chinese yuan caused a social media stir.

Bangkok Post · Jun 4

UAE Blames Trump for Escalating Iran Conflict, Threatens Switch to Chinese Yuan Amid Potential Dollar Shortages

The UAE is considering moving away from the US dollar to the Chinese yuan amid rising regional tensions and economic instability, challenging traditional alliances.

International Business Times UK · Apr 20

Iran Offers Oil Tankers Safe Passage Through Strait of Hormuz but Only Under Two Conditions

Iran's new conditions for oil tanker passage through the Strait of Hormuz could reshape global energy markets, linking access to Chinese yuan trade.

International Business Times UK · Mar 15

Dollar Slips with T-note Yields

The dollar index (DXY00 ) today is down -0.04%. Today’s smaller-than-expected decline in weekly US jobless claims and the larger-than-expected decline in Jan existing home sales knocked T-note yields lower and are weighing on the dollar. Also, strength in the Chinese yuan is pressuring the dollar, as the yuan rallied...

Barchart · Feb 12