China relaxes foreign exchange control

2006-04-14 06:55:56

   BEIJING, April 13 (Xinhua) -- China's central bank announced on Thursday the relaxation of controls on foreign exchange accounts, simplifying approval procedures for foreign exchange payments in the service trade, and procedures for individuals to buy foreign currencies. Full Story >>>

China to gradually make capital account convertible: official

2006-04-12 18:32:20

   BEIJING, April 12 (Xinhua) -- China is pushing forward its currency Renminbi (RMB)'s capital account convertibility gradually and in a stable manner, said an official with the State Administration of Foreign Exchange (SAFE), ruling out both an adventurous leap and conservative cautiousness. Full Story >>>

Gradual move of Chinese currency good for world economy: ADB chief

2006-04-09 22:20:41

    VIENNA, April 9 (Xinhua) -- Asian Development Bank President Haruhiko Kuroda said here on Sunday that the pace of the adjustment of Chinese yuan should be decided by the Chinese authorities themselves. Full Story>>>

Yuan's rate against US dollar approaching 8.0

2006-04-06 16:14:29

    BEIJING, April 6 (Xinhua) -- The exchange rate of the Chinese yuan to the U.S. dollar reached a 12-year high to hit 8.0116 on Wednesday, according to Thursday's China Securities News. Full Story>>>

Yuan rises to new high since July 21

2006-04-01 16:46:36

    BEIJING, April 1 (Xinhua) -- China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on high market expectations and ahead of a planned visit by Chinese President Hu Jintao to Washington. Full Story>>>

China: no further one-off revaluation as yuan hits record high

2006-03-28 19:16:05

    BEIJING, March 28 (Xinhua)-- A central bank spokesman has reiterated China's currency, the yuan, will not have another one-off revaluation as U.S. Commerce Secretary Carlos Gutierrez is in Beijing for talks with Chinese officials on currency and other economic issues. Full Story>>>    

    

Chinese central bank reaffirms policy over currency

2006-03-20 08:54:33

    BEIJING, March 20-- Central bank officials have reaffirmed China's position of gradually moving towards a freely traded currency, responding to two US senators who are threatening trade sanctions unless the yuan's value rises. Full Story>>>
    

RMB rises to record high against USD

2006-03-18 03:15:06

    BEIJING, March 17 (Xinhua) -- China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on heightened market forces, a weakened dollar and technical rebounds. Full Story>>>

    

No more unexpected changes of RMB exchange rates: Wen

2006-03-14 12:22:57

    BEIJING, March 14 (Xinhua) -- China will introduce no more unexpected changes in reforming the exchange rate of its currency, the RMB yuan, Chinese Premier Wen Jiabao announced here on Tuesday.  Full Story>>>