Friday, January 22, 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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.