ThePeople'sBankofChina(PBOC),China'scentralbank,saiditwillpushforwardtherenminbiinternationalizationanditsfunctionasareservecurrencywillgraduallyemerge,addingth
China'sforexreservesrosefortheeighthmonthinarowinSeptemberasthepressureofcapitaloutfloweased,datafromthecentralbankshowedMonday.Forexreserveshadamountedto3.1085
China’syuan(renminbi)isheadingforitsbiggestquarterlyadvancesince2011eventhoughitstillfacesanoticeablesharpreversalthisweek.Sincehittingitshighestlevelinnearly21
Exchangeratestability,nation'sreservegrowthsignsofyuanmaturityWiththeexchangerateoftherenminbisteadilyrising,andtheBeltandRoadInitiativefurtheringChineseinvestm
Britain'sdecisiontoleavetheEuropeanUnion(EU)willnotbeahandicaptocollaborationbetweenBritainandChinainfinancialservicesandtrade,accordingtoJamesSassoon,chairmano
The Chinese yuan is facing renewed devaluation pressure over expectations of a Fed rate hike, but a large renminbi devaluation is unlikely as China continues its market-oriented foreign exchange (FX) reform in a steady and stable manner.
While the pace of renminbi (RMB) internationalisation overall is slowing, further progress is being made, with the Chinese currency starting to make headway in the United States.
Chinese cabinet has authorized Suifenhe City at the China-Russia border as the country's first pilot zone where Russian ruble can function equally as renminbi, local government sources told Xinhua on Sunday.
The Chinese yuan, or renminbi, has made remarkable progress toward internationalization with the country's increased efforts to expand its use, but it still has a long way to go before going truly global, experts have said.
Hong Kong Monetary Authority announced two upgrades in the provision of renminbi liquidity to authorized institutions participating in renminbi business in Hong Kong on Thursday, including the provision of overnight funds available on the same day, which will take effect from Friday.
China is determined to pursue the internationalization of the renminbi on a market-oriented basis, and will closely watch the spillover effects of Japan's ultra-loose monetary policy.
Hong Kong acts both a close partner of Mainland in launching offshore renminbi products and a comprehensive platform for international partners to test-drive renminbi-denominated products, expand renminbi portfolio and settle trade accounts with the Mainland using renminbi.