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Cross-border use of RMB hits record high: report
The share of the Chinese currency the renminbi (RMB) in cross-border payments hit a record high in 2020 and continued to gain steam, according to a report on the internationalization of the RMB published by the China Banking Association.
RMB remains the fifth most active currency in global payments in July: SWIFT
China's currency renminbi (RMB) retained its position as the fifth most active currency for global payments by value in July, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
Holding of RMB assets set new high in global forex reserves in Q1
Foreign exchange (forex) reserves of RMB assets around the globe registered 287.46 billion U.S. dollars in the first quarter of 2021, achieving the ninth consecutive quarter of growth, reported China Securities Journal Friday quoting the International Monetary Fund (IMF).
RMB appreciation boosts attractiveness of assets investment
The renminbi (RMB) exchange rate has appreciated rapidly recently, which reflects the changes in market supply and demand, as well as the increased flexibility of the exchange rate, according to market analysts.
RMB's share in global forex reserves continues to rise
The Chinese currency renminbi (RMB) has taken increasing share in the global foreign exchange (forex) reserves, marking a step forward in RMB internationalization, reported Shanghai Securities News Friday.
RMB included in Russia's national wealth fund
The Chinese yuan and the Japanese yen have been included in the regulatory currency structure of Russia's National Wealth Fund (NWF), the country's Finance Ministry announced Wednesday.
RMB gains larger share in international payment: SWIFT
The Chinese currency renminbi (RMB), or the yuan, has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
RMB international payments off to good start in 2021
Renminbi (RMB), the Chinese currency, has embraced a good start in international payments in 2021.
China Focus: Digital currency issued to boost Spring Festival consumption
Several Chinese cities are using digital renminbi (RMB) to boost consumption during the upcoming Spring Festival and promote the use of the new form of currency.
Cross-border trade settlement in renminbi at 633.8 billion yuan in November
Renminbi-denominated cross-border trade settlement hit 633.8 billion yuan (about 97.06 billion U.S. dollars) in November, central bank data showed Wednesday.
China to promote use of RMB in cross-border trade and investment
China will further improve and facilitate the use of Renminbi (RMB) in cross-border trade and investment to better serve enterprises, reported Xinhua Finance, a financial platform run by Xinhua News Agency Friday.
Chinese yuan extends gains against USD to 28-month high
The central parity rate of the Chinese currency renminbi, or the yuan, extended gains Tuesday to hit a new high in 28 months against the U.S. dollar.
Chinese yuan strengthens to 6.8222 against USD Tuesday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 139 pips to 6.8222 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
China sees growth in cross-border RMB use: report
The Chinese currency renminbi (RMB), or the yuan, has been increasingly accepted in cross-border transactions in the first half of this year with payments and receipts maintaining a balanced level, a report from the China Banking Association showed.
China says yuan to remain stable despite external fluctuations
The exchange rate of Chinese currency, yuan, will maintain two-way fluctuations within a reasonable and balanced range, while the yuan-dollar rate would float around 7, senior Chinese financial officials said here Sunday.
China's 2019 new yuan loans rise, M2 growth quickens
China's new yuan-denominated loans totaled 16.81 trillion yuan (2.44 trillion U.S. dollars) last year, up 643.9 billion yuan year on year, central bank data showed Thursday.
RMB cross-border payments surge in Q3
RMB cross-border payments maintained rapid growth in the third quarter of 2019, data from the central bank showed.
London maintains world's leading offshore RMB centre
Record amounts of RMB are now being traded daily in London, according to the 5th edition of the London RMB Business Quarterly published Monday. The city of London views it as another vote of confidence for the top international financial centre.
RMB exchange rate at "appropriate level": central bank governor
China's Renminbi (RMB) exchange rate is "at an appropriate level", judging both from economic fundamentals and from market supply and demand, Yi Gang, governor of the People's Bank of China, said Saturday in Washington.
Chinese bank promotes RMB financial express services in Myanmar
A workshop to promote Myanmar-China RMB financial express services was held here on Wednesday by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the Industrial and Commercial Bank of China Limited (ICBC), Yangon Branch.
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