Thursday, March 4, 2021
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Tag: Yuan

China’s Foreign Reserves Rise for Sixth Consecutive Month

The latest data from the People's Bank of China indicates that the country's foreign reserves growth beat expectations in July with a month-on-month increase...

Does PBOC Plan on Ratcheting the Yuan Band Wider?

Sources cited by Reuters claim that the China's central bank is mulling an expansion of the yuan's trading range following the 19th National Congress...

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...

RMB Internationalisation Gets Boost from European Central Bank

The European Central Bank's decision to swap some of its US dollar holdings for Chinese yuan could be a major milestone on the road...

RMB Rises to 11 Month High

The Chinese yuan has risen to an eleven month high following ongoing weakness in the US Dollar Index. The US Dollar Index has seen sizeable...

Central Bank Pushes for Internationalisation of RMB Via One Belt One Road

The Chinese central bank points out that there is still huge room for RMB transaction to expand amongst participants in Xi Jinping's much vaunted One Belt One Road...

RMB Middle Rate Rises to Six Month High

A sizeable rise in the RMB middle rate against the US dollar has brought China's official currency to its highest levesl in half a...

Natixis Says Internationalization of RMB Regressing

Research from French investment bank Natixis claims that the internationalisation of the Chinese currency is moving backwards as a result of depreciatory pressure that commenced...

Onshore RMB Breaches 6.8 Against the Greenback

The onshore value of the Chinese yuan has risen to a six month high against the US dollar at the outset of June. On the morning of...

Will China Change Its Pricing Model for the Renminbi?

The Chinese government is mulling a pivotal adjustment to the models that it uses to determine the Renminbi's central parity rate against the greenback, with a...

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Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...

Shenzhen Launches China’s First Personal Bankruptcy System

The southern Chinese tech hub of Shenzhen has just launched China's first system for the application and processing of personal bankruptcies.