Thursday, October 22, 2020
Tags RMB internationalisation

Tag: RMB internationalisation

PBOC Loosens Cross-border Capital Flows to Boost Financial Opening

The Chinese central bank has launched new measures to expand cross-border capital flows amidst an ongoing push for greater financial sector opening from Beijing. On...

Central Bank Says It Will Cement Hong Kong’s Position as RMB Hub

People's Bank of China vice-governor Fan Yifei (范一飞) said that the central bank will help Hong Kong to further consolidate its position as a hub...

German Central Bank Will Add Chinese Yuan to Its Foreign Reserves

Internationalisation of the Chinese yuan may have taken a major step forward following reports that the German central bank will include the currency in...

State Council Further Opens China’s Free Trade Zones to Foreign Investment

China's State Council has loosened restrictions on foreign investment in free trade zones with respect to sectors including civil aviation, entertainment, finance, travel, education...

Beijing Mulls Yuan-denominated IPO’s in Hong Kong for Blue Chip Belt and Road Projects

The Chinese government is giving consideration to allowing top-tier Belt and Road-affiliated companies to raise funds via yuan-denominated listings in Hong Kong, in a...

UK Set to Open London’s Spot Forex Markets to Chinese Banks

UK chancellor Philip Hammond will announce the opening of London's foreign exchange markets to direct access by Chinese banks during an official visit to...

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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...