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Lese-Ansicht

China Says Little on Yuan, So Traders Turn to AI for Insights

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 People's Bank of China (PBOC) headquarters in Beijing, China, on Wednesday, June 18, 2025. PBOC Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.
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Pakistan Plans Debut Panda Bond Sale of Up to 1.75 Billion Yuan

Pakistan is looking to raise yuan-denominated bonds in China’s onshore market, in what would mark its debut panda bond issuance, with a size of as much as 1.75 billion yuan ($257 million).

CHENGDU, CHINA - SEPTEMBER 28: A street vendor sells Chinese national flags and panda plush toys as people gather in Tianfu Square ahead of National Day celebrations on September 28, 2024, in Chengdu, China. (Photo by Cheng Xin/Getty Images)
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Xi’s Petroyuan Dream Gets New Life From Trump’s War in Iran

The war in Iran is spurring a fresh wave of enthusiasm over prospects for China’s currency to more effectively rival the US dollar.

President Xi Jinping, center, greeted by Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh, on Dec. 7, 2022. Source: Saudi Press Agency/AP Photo
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