Tuesday, April 13, 2021
Tags RMB

Tag: RMB

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...

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 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...

RMB Expected to Remain Within 6.30 – 6.35 Range Until Next Fed Meeting

Chinese analysts expect the renminbi-USD exchange rate to remain within the 6.30 - 6.35 range following a recent string of rises. Data from the China...

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...

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...

Has Stabilising the Yuan Undermined Ambitions for Its Internationalization?

Measures adopted by Beijing to curb capital outflows and stabilise the Chinese yuan may have undermined plans for its internationalisation and expanded usage in...

Is China’s Deleveraging Campaign Driving Up the Yuan?

The central government's ongoing deleveraging campaign as well as renewed efforts to stymie capital outflows could push the Chinese yuan higher in the second...

Offshore RMB Rises to 9 Month High Against the Greenback

A languishing greenback has helped to push the offshore exchange rate for the Chinese yuan to a nine month high. On 1 August offshore RMB...

Forex Settlement Deficit of Chinese Banks Drops 46% in First Half of 2017

The latest data from China's State Administration of Foreign Exchange indicates that Chinese banks saw a major diminution in their foreign exchange settlement deficit...

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Ex-PBOC Deputy Governor Warns of “Biden’s Overheating” and “Sword of Inflation” After Unveiling of USD$1.9T Stimulus Package

One of China's leading economists has warned of the major risk implications of the mammoth USD$1.9 trillion stimulus package unveiled by the...

JD Technology Expected to Join Ant Group in Adoption of Financial Holding Company Form

The tech subsidiary of e-commerce giant JD.com reportedly plans to launch a financial holding company amidst a push from Chinese authorities for...

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...