Friday, March 5, 2021
Tags Chinese yuan

Tag: Chinese yuan

New Copper Futures Expected to Drive Internationalisation of the Renminbi

China hopes that the launch of new copper futures will drive further internationalisation of the renminbi given the country's existing clout on...

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.

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Tencent’s Pony Ma Submits Proposal for Greater Regulatory Protections of Online Funds to Chinese Congress

The head of Chinese tech giant Tencent has called for Chinese regulators to step up their protections of fintech and e-commerce users...

Foreign Holdings of Chinese Bonds Rise for 27th Consecutive Month in February

The month of February saw offshore investors further extend their holdings of Chinese debt.

China Provides Deferrals for over USD$1 Trillion in Loans during COVID-19, Steps up Lending to Manufacturing and Private Enterprise

Chinese bankers provided domestic borrowers with deferrals for more than USD$1 trillion in loans in 2020, amidst broader policy efforts to keep...

China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...