Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 75 pips to 6.8487 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Ministry to issue treasury bonds in HK

The Ministry of Finance will issue a total of 84 billion yuan ($12.25 billion) of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region this year. The bonds will be issued in six batches, according to the ministry. The first two batches, totaling 29.5 billion yuan, have already been issued in February and April, respectively. In order to effectively support the renminbi's internationalization and consolidate Hong Kong's status as a global financial hub, the ministry has been issuing renminbi-denominated bonds in Hong Kong on a regular basis since 2009. In 2025, the ministry issued a total of 68 billion yuan of renminbi-denominated treasury bonds in Hong Kong.

Xinhua - China Daily