A CAM RMB MM

Renminbi Exchange Rate Rebounds to Near One-Week High

CNY Exchange Rate Index Dropped by 0.37 Weekly

Onshore CNY/USD closed up 46 points in night session

PBOC Allows 2% Fluctuation Range for RMB Exchange Rate

Renminbi to US Dollar Central Parity Rate Adjusted Down to 6.8657

Onshore CNY/USD closed up 77 points

Onshore yuan rises to 6.8262 against the US dollar

Offshore Renminbi Rises to Highest Level Since March 2023

CNY/USD Offshore Rate Rises by 193 Points on April 7

Commerce Ministry Announces RMB for Strait of Hormuz Fees, Chinese Cross-border Companies' Stocks Surge

Renminbi to US Dollar Mid-price Down by 49 Points

Onshore CNY/USD Exchange Rate Surges Past 6.88

Renminbi Mid-price against USD Up by 29 Points

PBOC injects 22.4 billion yuan through reverse repo operation

Xu Zhengyu: PBOC and AMO Discuss Upgrading Digital RMB Wallets

Renminbi depreciates against US Dollar by 245 points

PBOC Sets USD/CNY Midpoint at 6.9014, Strongest Since March 16

Pang Song Stresses Stability of Renminbi Exchange Rate

Renminbi midpoint up 77 points to 6.8898

Onshore CNY Rises to a One-Week High Against USD

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On Wednesday (April 22), in the late New York session (04:59 Beijing time on Thursday), offshore RMB (CNH) traded at 6.8320 per USD, down 34 points from Tuesday's late New York session, with intraday trading ranging between 6.8217 and 6.8331

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The People's Bank of China (PBOC) is expected to set the USD/CNY reference rate at 6.8233, a key indicator in Asian foreign exchange markets. The PBOC operates a managed floating exchange rate system, allowing the yuan to trade within a 2% band around a daily midpoint. This midpoint is influenced by various factors, including previous closing prices and economic conditions. The fixing serves as a policy signal, indicating the PBOC's stance on currency strength or weakness, especially during periods of global volatility.

Investinglive

A CSOP RMB MM-R

PBOC is expected to set the USD/CNY reference rate at 6.8233 – Reuters estimate

Reuters

ROI-China's yuan is undervalued, but maybe not as much as you think: McGeever

Sheng Songcheng pointed out at the 'China-Europe Lujiazui Financial 50 Forum' that the current period presents a favorable opportunity to enhance the RMB's financing function. As the RMB's role in international trade finance grows, cross-border investment and financing demand continues to rise, becoming a critical component of financial support for the real economy. Data shows that in RMB cross-border settlements, current account transactions account for 67.9%, while direct investment shares are also increasing, reflecting the deepening global industrial chain layout of Chinese enterprises

- The demand for RMB cross-border financing is growing due to China's trade and investment dynamics, with RMB showing a strengthened role in international financing.  
- Data indicates that in Q1 2026, China's total import and export volume denominated in RMB reached 11.84 trillion yuan, reflecting significant growth and the impact of broader international integration efforts.  
- The RMB's financing benefits are underscored by its low cost and increasing international adoption, supported by a favorable macroeconomic environment and strategic financial policies.

Sheng Songcheng: Now is a Favorable Time to Enhance the RMB's Financing Function

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The Monetary Authority announced the reopening of 5-year and 10-year Renminbi bonds issued by the Hong Kong Special Administrative Region government, with the bidding date set for April 23 and the settlement date on April 27. The 5-year bond has an issuance number of 05GB2912002, an interest rate of 2.37%, a maturity date of December 10, 2029, and a semi-annual yield of 1.62%. The 10-year bond has an issuance number of 10GB3505001, an interest rate of 2.29%, a maturity date of May 15, 2035, and a semi-annual yield of 1.929%

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ISHARESCGB

The government reopens 5-year (acting as 3-year) and 10-year RMB Special Administrative Region government institutional bonds

SCNY

The RMB To USD Midpoint Rate was quoted at 6.8594 yuan

WisdomTree Short CNY Long USD

ETFS Physical Renminbi ETF

XBJF

USDU

On Tuesday (21st), the China Foreign Exchange Trading Center announced the central parity rate of the Renminbi against the US dollar, which was adjusted upward by 54 points to 6.8594 against one US dollar

ICBC CSOP CGB ETF USD

Invesco DB US Dollar Index Bullish Fund

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Wtree Bbg Usd Bull

The central parity rate of the RMB was raised by 54 points to 6.8594 against the US dollar

The People's Bank of China (PBOC) is expected to set the USD/CNY reference rate at 6.8112, a key indicator in Asian foreign exchange markets. The PBOC operates a managed floating exchange rate system, allowing the yuan to trade within a 2% band around a daily midpoint. This midpoint is influenced by various factors, including previous closing prices and economic conditions. The fixing serves as a policy signal, with a stronger midpoint indicating resistance to depreciation, while a weaker rate may suggest tolerance for a softer currency. The fixing's significance increases during global volatility, providing insights into China's currency priorities.

iShares China Large Cap UCITS ETF USD

iShares MSCI China A UCITS ETF

Thomson Reuters

PBOC is expected to set the USD/CNY reference rate at 6.8112 – Reuters estimate

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JCHI

On Monday (April 20), during the New York close (Tuesday at 4:59 AM Beijing time), the offshore RMB (CNH) traded against the USD at 6.8158, up 2 points from the previous Friday's New York close, with intraday trading generally ranging between 6.8283 and 6.8139

Yinhua MSCI China A ETF

JPMorgan Active China ETF

The onshore RMB against the US dollar rose by 68 points today (20th), closing at 6.8195 per US dollar. As of 4:37 PM, the RMB night session fell by 42 points; the offshore RMB dropped by 52 points, trading at 6.8202 per US dollar, which is 7 points lower than the onshore rate

Wtree Em Curry

The RMB spot exchange rate rose by 68 points, reporting 6.8195 against one US dollar

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On Monday (the 20th), the China Foreign Exchange Trading Center announced the central parity rate of the renminbi against the US dollar, which was lowered by 26 points to 6.8648 per US dollar

HS RMB GOLD ETF

The central parity rate of the RMB was lowered by 26 points to 6.8648 against the US dollar

CFETS: The RMB Exchange Rate Index fell by 0.37 on a weekly basis to 99.88 as of April 17

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Recently, the Ministry of Finance plans to issue RMB 15.5 billion in government bonds in Hong Kong, marking the expansion of the offshore market in Hong Kong. Despite the high borrowing costs, this move aims to expand the asset pool of offshore RMB and address the investment needs of offshore RMB holders. Since 2018, offshore RMB deposits and related assets in Hong Kong have grown rapidly, indicating that this trend may continue

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New situation! Pay more attention to RMB opportunities in Hong Kong

Against the backdrop of the restructuring of the global economic and financial landscape, Chinese assets are being repriced, gradually shifting from "optional" to "mandatory." Chief economists from foreign institutions point out that geopolitical uncertainties and increased volatility of traditional core assets have made Chinese assets an important part of global investors' allocations. Although the low yield of RMB assets and insufficient domestic demand remain constraints for foreign investment, China's continued investment in technology and industry, along with moderate economic growth, has boosted investor confidence

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

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Chinese assets transition from "optional" to "mandatory": reshaping the logic of global capital reallocation

On Friday (April 17) near the close of trading in New York, offshore RMB (CNH) traded against the USD at 6.8160, up 69 points from Thursday's close, with intraday trading ranging between 6.8102 and 6.8297. The currency appreciated by approximately 100 points this week, representing a gain of about 0.14%

A CAM RMB MM(03161.HK)

A CAM RMB MM Stock Performance Chart

On Wednesday (April 22), in the late New York session (04:59 Beijing time on Thursday), offshore RMB (CNH) traded at 6.8320 per USD, down 34 points from Tuesday's late New York session, with intraday trading ranging between 6.8217 and 6.8331

PBOC is expected to set the USD/CNY reference rate at 6.8233 – Reuters estimate

ROI-China's yuan is undervalued, but maybe not as much as you think: McGeever

Sheng Songcheng: Now is a Favorable Time to Enhance the RMB's Financing Function

The government reopens 5-year (acting as 3-year) and 10-year RMB Special Administrative Region government institutional bonds