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RMB retains 4th spot as currency for global payments: SWIFT
The Chinese currency renminbi (RMB), or the yuan, retained its spot as the fourth most active currency for global payments by value in February, according to a report.
April01,2024
RMB moves up in global payments in November: SWIFT
The Chinese currency renminbi (RMB), or the yuan, climbed one position to become the fourth most active currency for global payments by value in November 2023, with a share of 4.61 percent.
December22,2023
China reports current account surplus in H1
China's current account surplus was 94.1 billion U.S. dollars in the first half (H1) of the year, official data showed Friday.
August12,2024
Beijing issues prepaid cards for international visitors
The Chinese capital introduced the Beijing Pass, a multi-purpose card for international visitors, on Wednesday, facilitating their payment for transportation, tourist sites and shopping centers.
August01,2024
China reports current account surplus in 2023
China's current account surplus amounted to 264.2 billion U.S. dollars in 2023, the country's foreign exchange regulator said on Sunday.
February19,2024
China moves swiftly to stabilize markets amid global financial turbulence
In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence.
April08,2025
Shanghai issues prepaid travel cards for inbound travelers' convenience
Shanghai has released Shanghai Pass, a multipurpose prepaid travel card, to facilitate easy payment by inbound travelers and other visitors not in favor of mobile payment.
May22,2024
Feature: China-donated tents offer swift shelter for flood-hit Afghans
In a continuation of humanitarian support reminiscent of last year's earthquake response, China-donated tents were distributed to families affected by flooding in west Afghanistan's Herat Province a couple of days ago, to offer a temporary refuge to those grappling with the aftermath of natural disasters.
May07,2024
RMB gains larger share in global payments: SWIFT
The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in May with a larger share, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
June24,2022
China reports current account surplus of 165.6 billion USD in Q1
China reported a current account surplus of 165.6 billion U.S. dollars in the first quarter of 2025, according to data released Friday by the State Administration of Foreign Exchange.
May12,2025
Moderna's swift progress highlights optimized business environment in Shanghai
It took American biotech company Moderna just over three months to start the construction of its first pharmaceutical plant in China following an investment agreement with Shanghai.
December26,2023
With swift economic recovery, China remains magnet for global firms
With faster-than-expected economic growth in the first quarter of 2023, China continues to exert a powerful pull for foreign investment, defying the so-called "decoupling" from the country and providing boons to the global economy.
April20,2023
UnionPay cards to be issued in Europe
UnionPay International, a subsidiary of China's UnionPay, the country's largest bank card payment processor, announced Monday that it has entered into strategic cooperation with the Portuguese bank, Banco Comercial Portugues (BCP).
November21,2017
China reports current account surplus in Q1
China maintained a balance in its international payments in the first quarter of this year, with a reasonable level of current-account surplus, the State Administration of Foreign Exchange said Wednesday.
April28,2022
Lower transaction fees set to boost international bank card usage in China
International bank card clearing institutions, such as Visa and Mastercard, have reduced transaction fees on overseas bank cards for Chinese merchants, a move expected to encourage more local merchants to accept these card payments.
July04,2024
China issues 9.25 bln bank cards by end of 2021
China had issued a total of 9.25 billion bank cards by the end of 2021, according to an industry report.
September26,2022
SWIFT sets up wholly-owned enterprise in Beijing
The Belgium-based financial messaging services provider SWIFT set up a wholly-owned enterprise in Beijing Tuesday amid China's further opening of its financial market.
August08,2019
UnionPay holds all the cards
China UnionPay is ramping up efforts to expand its business in overseas markets to support the Belt and Road Initiative or BRI, in addition to facilitating fast growing personnel exchanges between China and the rest of the world.
December28,2018
China issues 8.98 bln bank cards in total
China had issued a total of 8.98 billion bank cards by the end of 2020, according to a blue paper.
October18,2021
London ranks first for offshore RMB FX transactions: SWIFT
More than one third of all offshore Chinese renminbi foreign exchange transactions are carried out in the United Kingdom, according to the SWIFT renminbi tracker.
April27,2017
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