Tuesday, October 20, 2020
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 GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...