A BOS RMB MM

RMB USD Intermediate Rate at 6.8435, Down 20 Points from Previous Day

CFETS: RMB Exchange Rate Index Rose 0.58 to 100.28 on a Weekly Basis on May 15

CNH vs USD Exchange Rate Rises 34 Points

Renminbi Strengthens Past 6.8 for Two Consecutive Days

Hong Kong Pushes for RMB Use in Commodity Pricing

Onshore CNY/USD Spot Settlement Up 186 Points

Renminbi to US Dollar Central Parity Rate Down by 19 Points

CNY vs USD Spot Rate Rises by 30 Points

IMF Recommends Increased Flexibility in China's RMB Exchange Rate

Onshore CNY/USD exchange rate fell by 32 points

CFETS: CNY Exchange Rate Index Dropped by 0.03 Weekly

PBOC Adds 12 New Entities to Digital Currency Business Operations

Renminbi to US Dollar Mid-price Up 145 Points

Offshore Renminbi to US Dollar Exchange Rate Declines

PBOC's Monetary Policy Committee Holds Meeting to Study Monetary Policy

Renminbi Strengthens 49 Points Against US Dollar, Closes at 6.9081

China's forex market traded 18.15 trillion yuan in February 2026

RMB Exchange Rates Fluctuate Against Multiple Currencies

Renminbi to US Dollar Central Price Down 145 Points

Renminbi depreciated by 100 points against the US dollar in the spot market today

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The People's Bank of China is expected to set the USD/CNY reference rate at 6.7909, a key indicator in Asian forex 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 and market stability, especially during global volatility.

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A BOS RMB MM-R

Thomson Reuters

PBOC is expected to set the USD/CNY reference rate at 6.7909 – Reuters estimate

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CNYA

The People's Bank of China is expected to set the USD/CNY reference rate at 6.8086, a key indicator in Asian forex 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 global volatility.

Invesco DB US Dollar Index Bullish Fund

A CAM RMB MM

A CAM RMB MM-R

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WisdomTree, Inc.

ISHRS MSCI China

PBOC is expected to set the USD/CNY reference rate at 6.8086 – Reuters estimate

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. more to comeEarlier:Here is Trump's schedule in China today, Friday, May 15, 2026

PBOC sets USD/ CNY reference rate for today at 6.8415 (vs. estimate at 6.7976)

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The People's Bank of China reported that new RMB loans reached RMB8.59 trillion in the first four months of 2026, slightly below the forecast of RMB8.9 trillion. Household loans fell by RMB490.2 billion, while corporate loans rose by RMB8.99 trillion. By the end of April, foreign currency loans totaled USD551.5 billion, marking a 3.4% year-on-year increase, with an additional USD6.5 billion in foreign currency loans issued during the period.

- The People's Bank of China reported that in the first four months of this year, RMB loans increased by 8.59 trillion yuan.  
- By sector, household loans decreased by 490.2 billion yuan, while corporate loans increased by 8.99 trillion yuan.  
- As of the end of April, the balance of foreign currency loans was 551.5 billion USD, marking a 3.4% year-on-year growth, with an increase of 6.5 billion USD in the first four months.

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A CSOP RMB MM-R

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PBOC: New RMB Loans at RMB8.59T in 4M26, vs Forecast RMB8.9T

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The People's Bank of China announced that at the end of April, Mainland China's broad money (M2) balance stood at RMB353.04 trillion, up 8.6% YoY, compared with the market expectation of an 8.5% increase. Narrow money (M1) balance was RMB114.58 trillion, up 5% YoY. Currency in circulation (M0) balance was RMB14.75 trillion, up 12.2% YoY. In the first four months, net cash injection amounted to RMB653 billion. (su/da)

- As of the end of April, China's broad money supply (M2) amounted to 353.04 trillion yuan, reflecting an 8.6% year-on-year increase, surpassing market expectations of 8.5%.  
- The narrow money supply (M1) reached 114.58 trillion yuan, with a 5% year-on-year growth, while the money in circulation (M0) was 14.75 trillion yuan, increasing by 12.2%.  
- In the first four months, the total net cash injection was 653 billion yuan.

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PBOC: Mainland China M2 Balance at End-Apr Up 8.6% YoY, vs Market Forecast of 8.5%

M Stanley has raised its China economic growth forecast for 2023 to 4.8% and for 2024 to 4.7%, citing strong exports and investments in AI and green capital. The bank has withdrawn its predictions for fiscal stimulus and monetary easing due to robust export performance. It also adjusted the GDP deflator forecast to 0.5%. M Stanley anticipates a modest appreciation of the RMB against the USD, adjusting its year-end target to 6.75, with potential fluctuations based on economic performance and USD strength.

Morgan Stanley

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

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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M Stanley Raises China Econ Growth Forecast to 4.8% This Year, Sees RMB at 6.75 vs USD by Year-end

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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.more to come

A BOS USD MM

iShares MSCI China A UCITS ETF

A BOS USD MM-U

ETFS Physical Renminbi ETF

PBOC sets USD/ CNY reference rate for today at 6.8431 (vs. estimate at 6.7946)

Global central banks' use of the People's Bank of China's (PBOC) swap lines reached a two-year high in Q1, with 111.6 billion yuan drawn, marking a 17.4 billion yuan increase from the previous quarter. This rise reflects growing international demand for the yuan and China's efforts to internationalize its currency, as countries seek to reduce reliance on the US dollar. By the end of 2025, China had established currency swap lines with 32 countries, totaling 4.52 trillion yuan.

- In the first quarter, global central banks utilized the People's Bank of China's (PBOC) swap line, reaching its highest level in two years at 111.6 billion yuan.  
- This amount, representing a quarter-on-quarter increase of 17.4 billion yuan, highlights the growing international demand for the renminbi.  
- The increase underscores China's efforts to internationalize the renminbi and countries' moves to reduce reliance on the U.S. dollar, with 32 nations having signed currency swap agreements with China by the end of 2025.

Businesstimes News

Global central banks tap most yuan swap lines with China in two years

The People's Bank of China (PBOC) announced it will continue a moderately accommodative monetary policy to support economic growth amid global uncertainties. The PBOC aims to enhance interest rate regulation, manage liquidity, and ensure balanced credit supply. It will also focus on lowering financing costs for businesses and improving the interest rate formation mechanism. Additionally, the PBOC will maintain a managed floating exchange rate to stabilize the RMB and prevent systemic financial risks, while supporting key areas like domestic demand and technological innovation.

- The People's Bank of China (PBOC) released its first-quarter 2026 monetary policy implementation report, highlighting the impact of external environmental changes.  
- Despite persistent weak global economic growth and rising geopolitical risks, China's economy is moving towards higher quality growth, supported by institutional advantages and the emerging new growth drivers.  
- The PBOC will maintain a moderately accommodative monetary policy, enhancing coordination with fiscal policies and optimizing interest rate management to ensure stable economic growth and improve overall financing conditions.

PBOC: To Continue Implementing Moderately Accommodative Monetary Policy, Further Improve Interest Rate Regulation Framework

The China Foreign Exchange Trade System announced on Monday (11th) that the RMB central parity rate against the USD was raised by 35 bps MoM to 6.8467 per USD, reaching a new high since March 24, 2023. (mn/da)

RMB Central Parity Rate Raised by 35 bps to 6.8467 per USD, Hits Over 3-Year High

A BOS RMB MM(03192.HK)

PBOC is expected to set the USD/CNY reference rate at 6.7909 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 6.8086 – Reuters estimate

PBOC sets USD/ CNY reference rate for today at 6.8415 (vs. estimate at 6.7976)

PBOC: New RMB Loans at RMB8.59T in 4M26, vs Forecast RMB8.9T

PBOC: Mainland China M2 Balance at End-Apr Up 8.6% YoY, vs Market Forecast of 8.5%