renminbi
PulseAugur coverage of renminbi — every cluster mentioning renminbi across labs, papers, and developer communities, ranked by signal.
- used by Bank of China 90%
- used by Hong Kong Monetary Authority 80%
- affiliated with Hong Kong Monetary Authority 70%
- competes with euro 70%
- affiliated with Bank of China 70%
- used by Hong Kong dollar 70%
- competes with United States dollar 60%
- affiliated with Paul Chan Mo-po 60%
- other Paul Chan Mo-po 60%
- headquartered in Hong Kong Monetary Authority 60%
- employs Bank of China 50%
- competes with Hong Kong dollar 50%
13 day(s) with sentiment data
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Hong Kong dollar peg faces review calls, with yuan and gold basket proposed
A Hong Kong financial industry group has proposed reviewing the city's four-decade-old peg to the US dollar. The Hong Kong Securities and Futures Professionals Association suggested increasing the use of the renminbi an…
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Argentina renews US$19B China currency swap, defying US pressure
Argentina has extended its currency swap agreement with China for another seven years, until 2031. This US$19 billion deal allows Argentina to draw Chinese renminbi in exchange for its own pesos, bolstering its foreign …
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Goldman Sachs: China needs stronger yuan and fiscal boost for growth
Goldman Sachs economists suggest China should allow its currency, the renminbi, to appreciate gradually to counter global trade barriers and boost domestic demand. Analysts Kamakshya Trivedi and Hui Shan noted that Chin…
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China's economic policies may boost Australian dollar, but link is complex
Currency traders believe that China's economic policies could potentially strengthen the Australian dollar. While some analysts consider the Australian currency highly sensitive to Beijing's policy shifts, particularly …
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Brazil to issue yuan bonds annually in China to unlock new investors
Brazil plans to issue yuan-denominated bonds in China annually, according to a senior treasury official. While the debut issuance this year is not expected to be large or crucial for funding, it aims to establish a benc…
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LLM hallucinated non-existent Chinese website details
A large language model, specifically General Language Model (GLM), has demonstrated a concerning ability to hallucinate specific, verifiable details about non-existent websites. When asked about official channels for br…
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Hong Kong launches Chinese bond futures to boost global yuan status
Hong Kong has launched five-year Chinese treasury bond futures, a significant development for the internationalization of the renminbi. This new product provides a crucial interest rate hedging tool that has been missin…
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RMB weakens slightly against USD; eVTOL firm E-Vite Aviation secures funding
On August 3rd, the central parity rate of the RMB against the US dollar was adjusted down by 4 basis points to 6.7898. In other news, eVTOL developer "E-Vite Aviation" recently secured hundreds of millions of yuan in Se…
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Hong Kong revises GDP forecast upward on AI product export strength
Hong Kong's Financial Secretary, Paul Chan Mo-po, announced plans to increase the city's full-year GDP forecast due to a stronger-than-expected economic performance in the first half of 2026. The economy grew by 5.1% ye…
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RMB strengthens against USD; Kimi K3 open-sourced with 2.8T parameters
On July 29th, the central parity rate of the RMB against the US dollar was adjusted upwards by 29 basis points to 6.7899. In market news, the Hang Seng Index opened up 0.7%, with the Hang Seng Tech Index rising 1.02%. T…
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Shanghai Clearing House expands offshore yuan services for global growth
Shanghai Clearing House (SHCH) is expanding its offshore yuan clearing services to include bonds, interest rates, and foreign exchange products. This initiative aims to provide foreign investors with enhanced risk-hedgi…
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RMB central parity rate adjusted; South Korea to curb ETF demand; Luckin Coffee wins lawsuit
On July 28th, the central parity rate of the RMB against the US dollar was adjusted down by 17 basis points to 6.7928. In other news, South Korea's Financial Services Commission Chairman Lee Eok-won stated that if curre…
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India's central bank intervenes to boost Rupee; company reports overdue intercompany loans
The Reserve Bank of India has intervened in both onshore and offshore foreign exchange markets by selling dollars to strengthen the Indian Rupee. This intervention caused the USD/INR pair to decline in early trading. Se…
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China mandates global credit mapping for panda bonds to attract foreign capital
China is implementing reforms for its panda bond market, requiring credit rating agencies to map their ratings to international scales by August 1. This move aims to enhance the quality of credit assessments for yuan-de…
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China-led mBridge CBDC platform handles record US$1.7B+ cross-border transactions
The mBridge platform, a multilateral central bank digital currency (CBDC) initiative primarily involving China, has facilitated its largest transactions to date. The Bank of China processed two cross-border transfers ex…
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RMB Devalues Slightly, Changan Auto Expands in Thailand, DeepSeek V4 Imminent
On July 20th, the central parity rate for the RMB against the US dollar was adjusted down by 14 basis points to 6.7948. In other news, Changan Automobile plans to double the annual production capacity of its Thailand pl…
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China and UAE launch QR payment link to boost global yuan usage
China and the United Arab Emirates have launched a cross-border QR payment system aimed at increasing the global use of the Chinese renminbi. This initiative, announced on July 15, is part of China's broader strategy to…
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Standard Chartered: U.S. dollar fears overstated, "re-dollarization" trend observed
Economists at Standard Chartered argue that fears of the U.S. dollar losing its global dominance are overstated, suggesting a trend of "re-dollarization" rather than de-dollarization. They observe that exporters and inv…
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London Clearing House accepts yuan bonds as collateral, boosting currency internationalization
The London Clearing House (LCH), owned by the London Stock Exchange Group, has started accepting Chinese government bonds denominated in offshore yuan, known as dim sum bonds, as collateral. This development, led by the…
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Wind's Panda Bond issuance surges over 70% to 170B yuan
Wind, a financial information and system service provider, has seen its Panda Bond issuance reach over 170 billion yuan this year, a 70% increase year-over-year. The total market size has now surpassed 500 billion yuan.…