Examples of Chinese Renminbi in a sentence
In the event the exercise price for an Award is paid in Chinese Renminbi or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than the People’s Republic of China, the exchange rate as selected by the Committee on the date of exercise.
In the event the exercise price for an Award is paid in Chinese Renminbi or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than the Peoples Republic of China, the exchange rate as selected by the Committee on the date of exercise.
The Chinese Renminbi (RMB) is subject to a managed floating exchange rate based on market supply and demand with reference to a basket of currencies.
Chinese Renminbi, the lawful currency of the People's Republic of China ("CNY") is not freely convertible at present.
In the event the exercise price for an Award is paid in Chinese Renminbi or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than the PRC, the exchange rate as selected by the Committee on the date of exercise.
Accordingly, the consolidated financial statements have been prepared in Chinese Renminbi (‘RMB”), being the functional currency of the Group.
The functional currency of all Chinese subsidiaries is the Chinese Renminbi (“RMB”).Foreign currency monetary assets and liabilities are translated into the functional currency using exchange rates prevailing at the balance sheet date.
The functional currency of all Chinese subsidiaries is the Chinese Renminbi (“RMB”).
These consolidated financial statements are presented in Chinese Renminbi (“RMB”), unless otherwise stated.
Currently, the Chinese Renminbi is traded in two markets: one in Mainland China, and one outside Mainland China (primarily in Hong Kong).