|Day's Range||0.156 - 0.156|
|52 Week Range||0.1443 - 0.1567|
* Wanda sets 2018 revenue target at 247.9 bln yuan - Chairman Wang * To cut debt via sale of non-core assets & minority stakes * Wanda's total assets fell to 700 bln yuan; 93 pct are domestic (Updates ...
Even as China cracks down on bitcoin trading, eager investors are still finding ways to buy. Here's how they're doing it.
BRUSSELS/MADRID (Reuters) - More central banks in Europe revealed plans on Tuesday to hold yuan as part of their foreign currency reserves, highlighting the Chinese currency's rise into an elite league of the world's major reserve currencies. Responding to Reuters inquiries placed with central banks across the region, Bank of Spain said it was considering an investment in the yuan, the National Bank of Belgium said has already bought around 200 million euros (177.51 million pounds) worth of the Chinese currency and Slovakia said it also bought an undisclosed amount of yuan.
The Bank of France said on Monday it already held some currency reserves in yuan, hours after the German central bank said it was looking to move some of its reserves into the Chinese currency. "Currency reserves remain in their vast majority invested in U.S. dollar, with a diversification towards a limited number of international currencies such as the Chinese renminbi," the bank said in a statement. The yuan leapt to its strongest level in more than two years against the dollar on Monday, buoyed by the Bundesbank's comment.
HONG KONG, Jan 15 (Reuters) - Chinese real estate developer Logan Property Holdings Co Ltd said on Monday it has set its 2018 full-year target for contract sales at 66 billion yuan ($10.2 billion), up ...
SHANGHAI/HONG KONG (Reuters) - China's adjustment to the way it sets the reference rate for its tightly managed currency, suspending a tool for fine-tuning the exchange rate, is a fresh warning to would-be speculators that gives the yuan scope to retreat after a year of heady gains. The decision by the central bank to reduce the effect of a so-called "counter-cyclical" factor, introduced in May to limit market volatility in the yuan's calculation, initially knocked the currency lower when it was reported on Tuesday. The move makes the yuan more open to market forces, which could add downward pressure on the currency in the near-term, a help for the country's export competitiveness.
A Chinese court has sentenced two people to life imprisonment for fraud in a 15.6 billion-yuan (£1.77 billion) pyramid scheme that sucked in more than 200,000 people. The key figures in the scheme, Huang Dingfang and Cai Keyi, were convicted on Monday at the Hangzhou Intermediate People's Court, according to a statement on the court's website (http://hangzhou.zjcourt.cn/).
Just 24 hours after President Trump criticized Pakistan, the South Asian nation seems to be cozying up to China.
SHANGHAI (Reuters) - China's central bank lifted its official yuan midpoint to the highest level in nearly four months to 6.5079 per dollar on Tuesday, reflecting broad dollar weakness and solid spot yuan ...
China's foreign exchange regulator will cap overseas withdrawals using domestic Chinese bank cards at 100,000 yuan ($15,370) per year in an effort to target money laundering, terrorist financing and tax evasion, it said on Saturday. Individuals who exceed the annual quota will be suspended from overseas transactions for the remainder of the year and an additional year, the State Administration of Foreign Exchange (SAFE) said in a notice posted on its website. Under the new rules SAFE will submit a daily list of individuals banned from making overseas bank card withdrawals, and banks must suspend the users by no later than 5 p.m. the same day, the notice said.
The head of a Chinese online financing platform that handled over 50 billion yuan ($7.65 billion)in transactions is under investigation after surrendering himself to authorities, state news agency Xinhua said on Thursday. Police in the eastern city of Nanjing said on their official Twitter-like Weibo account on Wednesday that the legal representative for platform Qbao.com had surrendered himself at a police station on Dec. 26. State news agency Xinhua, which reported the investigation on Thursday, said Qbao.com was a platform that allowed members to make investments that advertised returns of over 40 percent and earn money from watching advertisements.
HONG KONG, Dec 28 (Reuters) - China's yuan regained its position as the sixth most actively used currency for domestic and international payments in November with a market share of 1.75 percent, global ...
Dec 27 (Reuters) - Inner Mongolia Yuan Xing Energy Co Ltd : * SAYS CHEMICAL UNIT TO HALT PRODUCTION FROM DEC 26 FOR ABOUT THREE MONTHS DUE TO SHORTAGE OF NATURAL GAS SUPPLY Source text in Chinese: http://bit.ly/2BG3aR9 ...
Earlier this week, Oil prices rose as U.S. crude stockpiles showed a drawdown larger-than-expected late last week. In addition, Britain’s largest pipeline from its oil and gas fields in the North Sea had an unexpected shutdown for several weeks due to cracks appearing. This pipeline carries about 450,000 barrels per day (bpd) of Forties crude and causing supply constraints as the pipeline is the largest out of the five crude oil streams that underpin the Brent benchmark.
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at around 6.6390. A breakout of this trend line could signal resumption of the uptrend from 6.4412.
Bank lending in China hit a fresh record after a much stronger-than-expected surge in credit in November, even as authorities step up efforts to reduce risks in the financial system from a rapid build-up in debt. Chinese banks extended 1.12 trillion yuan ($169.27 billion) in net new yuan loans in November, data from the People's Bank of China showed on Monday, well above analysts' expectations. Analysts polled by Reuters had predicted new yuan loans would rise to 800 billion yuan, from October's 663.2 billion yuan.
Nov 30 (Reuters) - Yuan Heng Gas Holdings Ltd: * HY PROFIT ATTRIBUTABLE RMB59.1 MILLION VERSUS RMB 5 MLN * HY TURNOVER RMB4.29 BILLION VERSUS RMB3.82 BILLION Source text for Eikon: Further company coverage:...
Since the middle of September to the 22nd of November, the USDCNH was in the symmetric triangle pattern, which was created after the heavy drop that occurred here since the beginning of the year. After the breakout, the price went firmly lower and checked in on the important horizontal support on the 6.56 (lower grey area).
SHANGHAI/BEIJING (Reuters) - China's Zhongtian Financial Group Co , which has businesses in the real estate and finance sectors, said it planned to buy up to 25 percent of Huaxia Life Insurance for as much as 31 billion yuan (3.5 billion pounds). Under framework agreements, Zhongtian will buy a stake of between 21 percent and 25 percent from two shareholders in cash, the Guiyang-based firm said in a filing late on Monday. Zhongtian, which started out as a real estate developer in Guizhou province, has been actively expanding in the financial sector in recent years, with insurance and securities its top priorities.
Chinese internet giant Tencent Holdings Ltd said it will invest more in its digital content businesses spanning publishing to film-making after its third quarter net profit surpassed expectations on Wednesday. Tencent, Asia's most valuable company with a market capitalisation of $472 billion (£358.3 billion), is looking to invest more in its digital content and better integrate its products across platforms in order to draw more time from more paying customers, President Martin Lau said on an earnings call late Wednesday. Analysts said it was a move towards helping Tencent better monetise its various content platforms that dominate Chinese mobile users' daily life through increased subscription and advertising revenue.
JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago. Sales included 11 days of transactions, JD said in a statement, unlike its rival Alibaba, which reported on Saturday that its one-day sales reached 168.3 billion yuan ($25.35 billion), up 39 percent from last year. Singles' Day, an annual 24-hour buying frenzy that takes place in China on Nov. 11, has emerged as the world's biggest shopping event.
Different Forex crosses are breaking out of their consolidation phase, making breakouts off the important levels as we could see yesterday in the example of the GBP/NZD. Today we have a consolidation with a possible breakout on EUR/JPY. The POC zone 132.12-132.30 (D H3, EMA89, 38.2,are pivot) could reject the price towards 131.90. Break below 131.90 might … Continue reading EUR/JPY Consolidation Breakout Possible
Nov 6 (Reuters) - China Wan Tong Yuan (Holdings) Ltd : * Qtrly revenue RMB6.1 million versus RMB5.3 million * Qtrly loss and total comprehensive expense RMB 3.8 million versus profit of RMB 2.3 million ...
China Evergrande Group (3333.HK), the country's No.3 property developer by sales, said it would sell 60 billion yuan (£6.9 billion) worth of shares in its property assets business that is slated for a backdoor listing in Shenzhen. The developer plans to inject almost all of its property assets, held by Hengda Real Estate Group, into Shenzhen Real Estate .
The USDCNH pair seems to be forming a triangle pattern on its 4-hour chart. The price broke above a falling trend line last Friday, indicating that the short-term downtrend from 6.6635 had completed at 6.5840 already. Further rally towards the top trend line of the triangle pattern now at around 6.6550 would likely be seen. … Continue reading USD/CNH Is Forming A Triangle Pattern On 4-Hour Chart