Yuan

Yuan hits fresh multi-year peak as PBOC eases curbs ahead of Trump-Xi summit

China’s Vice-Premier He Lifeng exiting the JPMorgan Chase global headquarters in New York on Sept 20.

From petrodollar to AI dollar: Can the greenback continue to rule?

The dollar could retain its pre-eminence by becoming the main currency in which AI is purchased, financed and traded.

China’s renminbi hits 3½-year high as yen’s strength weighs on US dollar

China’s renminbi inched higher to a fresh 3-½-year high against the US dollar on Sept 3.

News analysis

Yen intervention puts China’s renminbi under more pressure

China’s central bank has recently been setting the renminbi’s daily fixing at a weaker-than-expected level, in what could indicate its effort to temper the currency’s rally.

Hong Kong to debut offshore China government bond futures to deepen yuan use

The offshore five-year CGB futures, the only such contract listed outside mainland China, will begin trading on Hong Kong Exchanges and Clearing (HKEX) on Aug 3.

China’s central bank pledges timely policy tool adjustment

Pan Gongsheng, governor of People’s Bank of China, speaking at the Lujiazui Forum 2026 in Shanghai on June 17.

China’s fiscal revenue expands 4.7% in first half of 2026

Fiscal revenue totalled $2.32 trillion in the January-June period, the data showed, with tax revenue growing 5.3 per cent year on year and non-tax revenue expanding 2.3 per cent.

From lottery draws to fiscal spending, China broadens digital renminbi footprint

Banks are also being pressed to grow digital yuan use in cross-border transactions, particularly along Belt and Road Initiative routes.

China plans largest renminbi bond issuance since 2023 in Hong Kong

The finance ministry will issue 15.5 billion yuan (S$2.9 billion) government bonds in Hong Kong on April 22.

The Iran war is accelerating the petrodollar’s decline

Like the stricken Saudi Aramco Ras Tanura refinery complex (above), the petrodollar has suffered a blow from Iranian attacks as Tehran looks to other currencies in payment for its oil.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.