Tag Archives: Renminbi

Swiss National Bank: The Chinese central bank authorised direct trading between renminbi and Swiss francs on China Foreign Exchange Trade System (CFETS)

ZURICH, 16-11-2015 — /EuropaWire/ — The People’s Bank of China (PBC), the Chinese central bank, has authorised direct trading between renminbi and Swiss francs on the China Foreign Exchange Trade System (CFETS) with effect from 9 November 2015. The availability … Read the full press release

Allianz Global Investors: latest move by the People´s Bank of China to devalue the Renminbi by almost 2% remarks the biggest daily deprecation since 1994

The latest move by the People´s Bank of China (PBoC) to devalue the Renminbi (RMB) by almost 2% remarks the biggest daily deprecation since 1994. While surprised by many investors, the exchange rate reforms are complementary with ongoing capital account … Read the full press release