Sunday, November 29, 2020
Tags Chinese yuan

Tag: Chinese yuan

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.

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.

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...

IMF Says Yuan Is Fairly Valued, China Has Not Intervened in Forex Market

A new report from the International Monetary Fund (IMF) gainsays recent claims by the United States that that China is engaging in...

PBOC Confident It Can Keep RMB “Fundamentally Stable” After Breaching 7 to the Greenback

The Chinese central bank has committed to maintaining the stability of the renminbi just after it breached the threshold of seven to...

Renminbi Cross-border Payments Rise 46% YoY in 2018 to Hit 15.85T Yuan: China Banking Association

A new report from China's peak body for the banking sector points to a surge in renminbi cross-border payments in 2018.

Belt and Road, SDR Inclusion to Drive Renminbi Internationalisation in 2019: China Construction Bank

A research report from one of China's big six state-owned banks anticipates further internationalisation of the renminbi in 2019.

Renminbi’s Share of Global Foreign Reserves Hits Record High

New data indicates that the Chinese renminbi's share of the official foreign reserves held by central banks around the world has risen...

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Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.