Wednesday, October 28, 2020
Tags RMB internationalisation

Tag: RMB internationalisation

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...

Central Bank Says It Will Cement Hong Kong’s Position as RMB Hub

People's Bank of China vice-governor Fan Yifei (范一飞) said that the central bank will help Hong Kong to further consolidate its position as a hub...

German Central Bank Will Add Chinese Yuan to Its Foreign Reserves

Internationalisation of the Chinese yuan may have taken a major step forward following reports that the German central bank will include the currency in...

State Council Further Opens China’s Free Trade Zones to Foreign Investment

China's State Council has loosened restrictions on foreign investment in free trade zones with respect to sectors including civil aviation, entertainment, finance, travel, education...

Beijing Mulls Yuan-denominated IPO’s in Hong Kong for Blue Chip Belt and Road Projects

The Chinese government is giving consideration to allowing top-tier Belt and Road-affiliated companies to raise funds via yuan-denominated listings in Hong Kong, in a...

UK Set to Open London’s Spot Forex Markets to Chinese Banks

UK chancellor Philip Hammond will announce the opening of London's foreign exchange markets to direct access by Chinese banks during an official visit to...

Most Read

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...