The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to …
Yan had hoped that his company could open an account at Chinese banks near the country’s northeast border with Russia. Those smaller banks, unlike the state-owned behemoths, seemed more willing …
Exporters in Zhejiang and Guangdong provinces said payments from Russia can still be received in yuan through BOC, albeit delayed, after they were told to switch to the Chinese currency …