Tuesday, October 20, 2020
Tags Chinese renminbi

Tag: Chinese renminbi

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.

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

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

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

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

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...

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

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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

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