Tuesday, October 20, 2020
Tags Chinese renminbi

Tag: Chinese renminbi

Economy

Renminbi Receives Boost from Record Foreign Demand for Chinese Assets

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Analysts see the global role of the renminbi rising on the back of record demand for Chinese assets, as China emerges as...
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Economy

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

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

Beijing Will “Strive” to Achieve Digital Renminbi Breakthroughs, New Free Trade Zone to Have Digital Focus

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The Beijing municipal authorities say that the digital economy will be a key focal point for the city's upcoming free trade zone....
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Banking

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

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

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

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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...
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Banking

Chinese Central Bank Commits to Internationalisation of the Renminbi

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

Are China and Russia Pursuing a “Financial Alliance” to Achieve “Dedollarization?”

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Analysts say China and Russia have dramatically scaled down bilateral trade settlement in the greenback, as they pursue a "financial alliance" that...
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Banking

Internationalisation of the Renminbi Will Require Digitisation: BOCOM Head Liu Jun

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The head of one of China's big state-owned banks said that digitisation of the renminbi will be a necessary part of efforts...
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Economy

2020 Lujiazui Forum Stresses Internationalisation of the Renminbi

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

Shanghai Unveils Plan to Facilitate Cross-border Renminbi Payments for Tesla’s Gigafactory 3

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Shanghai's financial authorities have issued a raft of regulations for facilitating cross-border renminbi settlement in the Lingang free-trade zone, which is home...
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Most Read

Chinese GDP Growth Rises to 0.7% in Third Quarter

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

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Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

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The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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