BEIJING/SHANGHAI (Reuters) – China’s yuan closed flat against the dollar on Friday, meaning it has now gained more than 5.4 percent in the year since it was unshackled from a de facto dollar peg, a quicker gain than analysts had expected at the time.

After the People’s Bank of China (PBOC) announced the end of the de facto dollar peg on June 19 of last year, economists and forex strategists polled by Reuters said they expected it to creep up to 6.58 per dollar by the middle of this year, for a gain of just 3.7 percent.

SHANGHAI (Reuters) – Beijing’s plan to shift hundreds of billions of dollars worth of debt away from local governments and revamp the way they raise cash could help wean the world’s second-biggest economy off trophy projects and other wasteful investments, paving the way for more sustainable growth.

That is, if things go according to plan.

Chinese regulators want to relieve provincial and municipal governments of 2-3 trillion yuan (188-282 billion pounds) in debt amassed through special financing vehicles used to fund infrastructure and other projects, sources with direct knowledge of the plan told Reuters on Tuesday.

SHANGHAI (Reuters) – Beijing’s plan to shift hundreds of billions of dollars worth of debt away from local governments and revamp the way they raise cash could help wean the world’s second-biggest economy off trophy projects and other wasteful investments, paving the way for more sustainable growth.

That is, if things go according to plan.

Chinese regulators want to relieve provincial and municipal governments of 2-3 trillion yuan ($308-463 billion) in debt amassed through special financing vehicles used to fund infrastructure and other projects, sources with direct knowledge of the plan told Reuters on Tuesday.

SHANGHAI (Reuters) – If you want to know how Chinese authorities will open up the closely-regulated $3 trillion (1.8 trillion pound) onshore bond market, their actions in Hong Kong’s offshore yuan market should give you a clue.

The success of what market players call the CNH market shows that foreign investors of all stripes are hungry for yuan-denominated fixed-income products and that a more hands-off policy in the bond market may really help to grow it.

SHANGHAI (Reuters) – If you want to know how Chinese authorities will open up the closely-regulated $3 trillion onshore bond market, their actions in Hong Kong’s offshore yuan market should give you a clue.

The success of what market players call the CNH market shows that foreign investors of all stripes are hungry for yuan-denominated fixed-income products and that a more hands-off policy in the bond market may really help to grow it.

SHANGHAI, April 29 (Reuters) – China’s yuan breezed past
6.50 per dollar on Friday, surpassing the psychologically
important level for the first time and raising expectations that
Beijing will continue to let the currency strengthen quickly to
battle stubbornly high inflation.

While the 6.50 per dollar level is not significant from a
technical standpoint, Chinese media and economists are likely to
seize on it as evidence of how far the government has come in
allowing it to appreciate since its landmark currency reforms in
2005. It has gained 27.5 percent since then.

SHANGHAI, April 29 (Reuters) – China’s yuan breezed past
6.50 per dollar on Friday, surpassing the psychologically
important level for the first time and raising expectations that
Beijing will continue to let the currency strengthen quickly to
battle stubbornly high inflation.

While the 6.50 per dollar level is not significant from a
technical standpoint, Chinese media and economists are likely to
seize on it as evidence of how far the government has come in
allowing it to appreciate since its landmark currency reforms in
2005. It has gained 27.5 percent since then.

SHANGHAI, April 29 (Reuters) – China’s yuan breezed past
6.50 per dollar on Friday, surpassing the psychologically
important level for the first time and raising expectations that
Beijing will continue to let the currency strengthen quickly to
battle stubbornly high inflation.

While the 6.50 per dollar level is not significant from a
technical standpoint, Chinese media and economists are likely to
seize on it as evidence of how far the government has come in
allowing it to appreciate since its landmark currency reforms in
2005. It has gained 27.5 percent since then.

SHANGHAI, April 27 (Reuters) – Ping An Insurance (Group) of
China (601318.SS: Quote, Profile, Research, Stock Buzz) (2318.HK: Quote, Profile, Research, Stock Buzz), the world’s second-largest life
insurer by market value, posted a record quarterly profit on
Wednesday, helped by rapid growth in non-insurance businesses.

Ping An’s (PNGAY.PK: Quote, Profile, Research, Stock Buzz) net profit during the January-March
period rose 28 percent to 5.81 billion yuan ($891.6 million)
from 4.55 billion a year earlier, in line with the expectations
of two analysts surveyed by Reuters.

SHANGHAI (Reuters) – The yuan ended at a fresh record high on Friday as the central bank continued to allow the currency to rise to help fight imported inflation, but onshore traders remained convinced it would not resort to any one-off revaluation despite rumors overseas.

The People’s Bank of China (PBOC) has set repeated record highs for the yuan’s daily mid-point over the last several weeks, engineering an accelerated rise against the dollar that means it has now gained nearly 5 percent since it was depegged last June.