Thursday, April 15, 2021
Tags Renminbi internationalisation

Tag: Renminbi internationalisation

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...

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...

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

Chinese Central Bank Digital Currency Seen Driving Cross-border Payments, Renminbi Internationalisation

Chinese experts see the central bank digital currency (CBDC) as a vital means of facilitating cross-border transactions and expediting the internationalisation of...

China Targets 4 “Pain Points” of Cross-border RMB Transactions to Drive Foreign Trade

The Chinese central government hopes to improve foreign trade and investment by focusing on the resolution of four major "pain points" when...

Over 1000 Financial Institutions Expected to Join China’s Renminbi Cross-border Payments System by End of 2020

The number of financial institutions that are part of China's Cross-Border Interbank Payment System (CIPS) is expected to breach 1,000 in total by the...

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...

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...

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

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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