The People's Bank of China and the State Administration of Foreign Exchange ( SAFE) regulate the CNY market, while the Hong Kong Monetary Authority. The CNY/USD pair is an exotic currency pairing, as it twins the US major currency with an emerging one, the Chinese Yuan. The CNY, otherwise known as the Chinese Yuan Renminbi, is the general term for the currency of the People's Republic of China (PRC). A limited number of forex brokers offer trading in the U. The CNY is not traded in FX markets.