China's state banks actively sold dollars in the foreign exchange market on Monday to stop the currency from suffering a rapid decline after markets in Shanghai and Hong Kong fell by over 2%

Yuan trading accounted for more than 40% of all foreign currency changing hands on the Moscow Exchange in 2023, triple the year before

Regulators have ordered local government funding vehicles to stop issuing 364-day offshore bonds, which were undertaken via a loophole last year

"A more dovish Fed means the likelihood of recession in 2024 has fallen considerably," one market analyst said

Analysts said the renminbi’s advance was likely to be welcomed by Beijing, which is keen to increase the currency’s international profile

The bulk of market analysts surveyed recently expect the People's Bank of China to boost liquidity and keep the one-year medium-term lending rate unchanged on Friday

Rating agency's downgrade of China outlook puts pressure on Beijing to impose more forceful measures to prop up stocks and stabilize the yuan

Rich Chinese families and private companies have taken or sent an estimated $50 billion a month out of China this year, a recent report says

The country’s big banks, suspected of often doing Beijing’s bidding, have continued buying yuan despite the currency rising

The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"

Lawmakers in Japan area debating a move to allow listed businesses to report twice a year instead of having to file quarterly financial reports, Nikkei Asia says

Companies have been flocking to borrow from banks on the mainland because of their rock-bottom interest rates but most of the loans are for use on the mainland, in Hong Kong or bilateral dealings