Thursday, October 22, 2020
Tags Chinese yuan

Tag: Chinese yuan

Renminbi Could Be World’s Third Biggest Reserve Currency by 2030: Morgan Stanley Report

A new report from Morgan Stanley sees the renminbi's status as a reserve currency rising over the upcoming decade.

Over 70 Central Banks Include Renminbi in Foreign Reserves, COVID-19 Brings Opportunities for Further Internationalisation

A new report from the Chinese central bank indicates that offshore usage of the renminbi is on the increase, although its share...

Renmin U. Professor Says US Dollar Credibility Damaged by COVID-19, Outlines Roadmap for Yuan Internationalisation

The Chinese central bank has just released the "2020 Renminbi Internationalisation Report" (2020年人民币国际化报告), stoking further discussion in official circles about efforts to...

Chinese Central Bank Commits to Internationalisation of the Renminbi

A new report from the Chinese central bank points to increasing offshore usage of the renminbi in 2019.

2020 Lujiazui Forum Stresses Internationalisation of the Renminbi

The internationalisation of the Chinese renminbi emerged as a key topic at the 2020 Lujiazui Forum that was held in Shanghai from...

IMF Says Yuan Is Fairly Valued, China Has Not Intervened in Forex Market

A new report from the International Monetary Fund (IMF) gainsays recent claims by the United States that that China is engaging in...

PBOC Confident It Can Keep RMB “Fundamentally Stable” After Breaching 7 to the Greenback

The Chinese central bank has committed to maintaining the stability of the renminbi just after it breached the threshold of seven to...

Renminbi Cross-border Payments Rise 46% YoY in 2018 to Hit 15.85T Yuan: China Banking Association

A new report from China's peak body for the banking sector points to a surge in renminbi cross-border payments in 2018.

Belt and Road, SDR Inclusion to Drive Renminbi Internationalisation in 2019: China Construction Bank

A research report from one of China's big six state-owned banks anticipates further internationalisation of the renminbi in 2019.

Renminbi’s Share of Global Foreign Reserves Hits Record High

New data indicates that the Chinese renminbi's share of the official foreign reserves held by central banks around the world has risen...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...