Thursday, April 15, 2021
Tags Chinese renminbi

Tag: Chinese renminbi

COVID-19 Is Driving Internationalisation of the Renminbi, Foreign Investment in Chinese Financial Assets: PBOC

A senior official from the People's Bank of China (PBOC) says that the COVID-19 pandemic in tandem with ongoing efforts by Beijing...

Chinese Central Bank Signals Further Improvements to Cross-border and Offshore Renminbi Settlement Measures

The People's Bank of China (PBOC) has signalled further measures to facilitate the internationalisation of the Chinese currency.

Renminbi Internationalisation Will Be Guided by the Market, Regulators Must Reduce Cross-border Restrictions: Chinese Central Bank Head

The governor of the People's Bank of China (PBOC) has highlighted the key role of market forces in broader efforts to expedite...

Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

The head of the People's Bank of China (PBOC) Digital Currency Research Institute Mu Changchun (穆长春) has revealed details concerning the development...

Renminbi Receives Boost from Record Foreign Demand for Chinese Assets

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

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.

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

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

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.

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...