Chinese banks are loading up on foreign currency with the expectation that Beijing will permit increased flexibility of the renminbi's exchange rate.
Data from the...
China's central bank has reaffirmed its determination to promote the internationalisation of the Chinese yuan.
In the 2017 yuan internationalisation report posted on its official...
The People's Bank of China has changed tack on exchange rates following ongoing gains in the yuan against the greenback.
The Chinese yuan central parity...
A US hedge fund manager has abandoned his bearish outlook on the Chinese economy after losing over USD$240 million betting on a currency collapse.
Mark...
The latest data from the central bank shows that China's foreign reserves continued to increase last month, with analysts pointing to capital inflows and...
Measures adopted by Beijing to curb capital outflows and stabilise the Chinese yuan may have undermined plans for its internationalisation and expanded usage in...
Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...
