Thursday, April 15, 2021
Tags Chinese renminbi

Tag: Chinese renminbi

Economy

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

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

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

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

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

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

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

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

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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