Thursday, April 15, 2021
Tags Renminbi

Tag: Renminbi

People’s Bank of China Issues 20B Yuan in Central Bank Renminbi Bills via Hong Kong

The People's Bank of China (PBOC) has auctioned 20 billion yuan ( approx. USD$3 billion) in central bank bills via Hong Kong,...

Bank of China to Allow Renminbi Payments on Stateside E-commerce Platforms

One of China's big four state-owned banks will permit transactions using the renminbi on US e-commerce platforms according to a report from the state-owned...

PBOC Says It’s Confident and Capable of Keeping RMB Exchange Rate “Fundamentally Steady”

The Chinese central bank has defended recent depreciation of the renminbi amidst ongoing trade tensions with the United States, and says it is determined...

China Has No Intention to Devalue Renminbi to Spur Exports: Foreign Ministry

China's foreign ministry has declared that the central government will not engage in "competitive devaluation" of the renminbi with the goal of propping up...

Chinese Central Bank Says Renminbi Will Be Kept “Fundamentally Stable”

The head of the Chinese central bank has sought to reassure markets that the renminbi will be kept stable following recent volatility. Yi Gang (易纲),...

Belt and Road Initiative Driving Internationalisation of Renminbi: CCB Report

A new report indicates that China's Belt and Road Initiative is driving the use of the renminbi abroad. The report produced by China Construction Bank...

RMB Robust Despite Stronger Dollar, Foreign Holdings of Chinese Debt Hit Record High

The resurgent strength of the US dollar is doing little to diminish the health of the Chinese yuan, while foreign holdings of Chinese bonds...

PBOC Loosens Cross-border Capital Flows to Boost Financial Opening

The Chinese central bank has launched new measures to expand cross-border capital flows amidst an ongoing push for greater financial sector opening from Beijing. On...

China Will Accelerate RMB Capital Account Convertibility: PBOC

The Chinese central bank has announced that it will step up efforts to further internationalisation of the renminbi as well as capital account convertibility. Vice-governor...

China Won’t Depreciate Yuan Amidst Worsening Sino-US Trade Tensions: Xinhua

China's state media has sought to assuage concerns that recent fluctuations in the RMB- USD exchange rate signal a concerted effort to depreciate the...

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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...