Tags Renminbi internationalisation

Tag: Renminbi internationalisation

Economy

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

CBNEditor - October 20, 2020 0

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

Economy

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

CBNEditor - September 23, 2020 0

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

Economy

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

CBNEditor - September 7, 2020 0

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...

Economy

Renmin U. Professor Says US Dollar Credibility Damaged by COVID-19, Outlines Roadmap for Yuan Internationalisation

CBNEditor - August 18, 2020 0

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...

Economy

Are China and Russia Pursuing a “Financial Alliance” to Achieve “Dedollarization?”

CBNEditor - August 13, 2020 0

Analysts say China and Russia have dramatically scaled down bilateral trade settlement in the greenback, as they pursue a "financial alliance" that...

Banking

Internationalisation of the Renminbi Will Require Digitisation: BOCOM Head Liu Jun

CBNEditor - July 27, 2020 0

The head of one of China's big state-owned banks said that digitisation of the renminbi will be a necessary part of efforts...

Economy

CSRC Official Says Renminbi Internationalisation Needed to Avoid China’s Exclusion from US Dollar System

CBNEditor - June 25, 2020 0

A senior finance official has said that China must be wary of exclusion from the US dollar payments system by an adversarial...

Economy

2020 Lujiazui Forum Stresses Internationalisation of the Renminbi

CBNEditor - June 23, 2020 0

The internationalisation of the Chinese renminbi emerged as a key topic at the 2020 Lujiazui Forum that was held in Shanghai from...

Economy

Shanghai Will Continue to Open Capital Account: Chinese Central Bank

CBNEditor - June 19, 2020 0

A senior official from the People's Bank of China (PBOC) has flagged further opening of the capital account the Chinese financial hub...

Economy

Central Bank Digital Currency Will Not Enable Renminbi to Oust US Dollar as Reserve Currency: Hank Paulson

CBNEditor - May 23, 2020 0

Former US treasury secretary and CEO of Goldman Sachs Hank Paulson says that the launch of a central bank digital currency (CBDC)...

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Tag: Renminbi internationalisation

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