China’s relentless drive to keep the yuan stable is crippling activity in the offshore currency derivatives market, depriving foreign investors of trading opportunities and leaving them exposed should volatility return.

The yuan advanced after China’s central bank signaled its comfort with the currency’s strength by setting the daily reference rate below 6.80 per dollar for the first time since 2023.

China is taking another step in its longstanding push to build a more global currency, bringing its domestic and offshore yuan markets a little closer together.

China is allowing some banks to offer higher interest rates on corporate US dollar deposits, according to people familiar with the matter, a move that may damp the yuan’s recent gains by encouraging companies to slow their currency conversion.

Top Chinese insurers have made their first purchases of yuan-denominated offshore bonds through an expanded southbound investment program, according to people familiar with the matter, capitalizing on changes that encourage more capital into Hong Kong’s market.

It’s been a source of intrigue and confusion among currency traders for years. Just how does China decide each day where it’s going to set its fixing rate for the yuan — a reference point that determines its permitted trading range for the next session?

The yuan’s continued strength is exerting pressure on Chinese exporters on a scale rarely seen in recent years, complicating Beijing’s efforts to manage the pace of currency gains.

The yuan’s continued strength is exerting pressure on Chinese exporters on a scale rarely seen in recent years, complicating Beijing’s efforts to manage the pace of currency gains.

Global central banks’ use of the People’s Bank of China’s swap lines reached a two‑year high in the first quarter, underscoring rising international demand for the Chinese currency.

The yuan is likely to face its seasonal weakness sooner than usual this summer, say analysts, as Chinese firms seek to lock in favorable exchange rates ahead of a record dividend payout in June.

The yuan is likely to face its seasonal weakness sooner than usual this summer, say analysts, as Chinese firms seek to lock in favorable exchange rates ahead of a record dividend payout in June.

Foreign-exchange losses from yuan conversions are weighing on Chinese companies’ profits, underscoring the currency’s strength as an emerging risk for earnings.

China’s central bank is using its daily reference rate to temper the yuan’s rally as the currency’s outperformance during the Iran war fuels further bullish sentiment.

China’s resilience to the economic impact of the Iran war and a burgeoning domestic recovery offer the potential for the yuan to break out of a seasonal pattern for losses in the second quarter.

China’s resilience to the economic impact of the Iran war and a burgeoning domestic recovery offer the potential for the yuan to break out of a seasonal pattern for losses in the second quarter.

Chinese companies are boosting hedges through foreign‑exchange derivatives, pushing outstanding forward contracts to record levels, as the yuan’s surge threatens to erode exporters’ overseas earnings.

China’s central bank is signaling an increased tolerance for yuan flexibility, a sign of confidence it can insulate the currency from market turmoil triggered by the Iran war.

China’s central bank is signaling an increased tolerance for yuan flexibility, a sign of confidence it can insulate the currency from market turmoil triggered by the Iran war.

Chinese revenue from digital services sold abroad is soaring as tech champions from ByteDance Ltd. to Tencent Holdings Ltd. ramp up their overseas push in live streaming, e-commerce and artificial intelligence.

Chinese revenue from digital services sold abroad is soaring as tech champions from ByteDance Ltd. to Tencent Holdings Ltd. ramp up their overseas push in live streaming, e-commerce and artificial intelligence.