Friday, January 22, 2021
Tags Chinese renminbi

Tag: Chinese renminbi

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.

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...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.