RMB - Xinhua Silk Road

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

Cross-border RMB transactions in S China's Guangdong Province hits new high in 2023

The cross-border RMB transaction volume in Guangdong Province has reached a record 7.39 trillion yuan as of February 1, 2023, up by 25.1 percent year-on-year and accounting for 53.1 percent of the total amount of domestic and foreign currency settlement, according to the People's Bank of China Guangdong Branch.

February19,2024

China's Hainan sees cross-border RMB use exceed 300 billion yuan

South China's Hainan Province recorded 326.8 billion yuan (about 46 billion U.S. dollars) of renminbi (RMB) cross-border settlement in 2023, representing a massive 122.9 percent year on year increase, said local authorities on Wednesday.

February01,2024

BOC Serbia authorized as RMB clearing bank

China's central bank announced on Friday that it has authorized the Bank of China (BOC) Serbia to be the clearing bank for renminbi (RMB) business in Serbia.

January02,2024

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

【Financial Str. Release】China's yuan loans grow by 20.49 trln yuan in Jan.-Oct.

China's yuan-denominated loans rose by 20.49 trillion yuan (about 2.85 trillion U.S. dollars) in the first ten months of this year, central bank data showed Monday.

November14,2023

China's cross-border RMB use up 24 pct in January-September

Cross-border renminbi (RMB) payments and receipts expanded 24 percent year on year to 38.9 trillion yuan (5.42 trillion U.S. dollars) in the first nine months, playing an improved role in serving the real economy, China's central bank said.

October30,2023

Economic Watch: Gold price in RMB buoyed by strong demand

Liu Jie, a resident of Beijing, received a gold bean from her friend as a 30th-birthday gift recently.

October20,2023

RMB's global payment share up in August

The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise in August, according to a report.

October07,2023

RMB's global payment share up in May

The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise in May, according to a report.

June25,2023

Economic Watch: RMB assets hold long-term pull for global investors

Global investors are bullish on renminbi-denominated assets as China's economic growth momentum recovers and its financial markets further open up, financial professionals said on the sidelines of the 2023 Global Investor Conference.

June05,2023

RMB's global payment share up in March

The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise in March, a report has said.

April23,2023

Interview: Increased use of RMB in trade helps stabilize Int'l trading system, says business insider

With China's large trade volume, the increased use of the Chinese currency renminbi (RMB) in international trade will help stabilize the international trading system, a business insider has said.

April19,2023

【Financial Str. Release】China's RMB becomes Brazil's second-largest international reserve currency

The Central Bank of Brazil announced on Friday that the Chinese currency renminbi (RMB), or the yuan, has surpassed the euro to become the country's second-largest international reserve currency.

April03,2023

【Financial Str. Release】RMB still 5th most active currency for global payments in February: 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 February with a larger share, a report has said.

March27,2023

RMB remains fifth most active currency for global payments in Jan.: SWIFT

The Chinese currency renminbi (RMB), or the yuan, remained the fifth most active currency for global payments by value in January 2023, with a share of 1.91 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

February20,2023

RMB gains greater popularity in cross-border transactions: commerce ministry

The RMB has gained popularity in cross-border transactions and settlements as the country steps up efforts to expand the use of the currency in trade and investment, the Ministry of Commerce said Thursday.

January13,2023

【Financial Str. Release】China unveils measures to expand cross-border RMB use

Chinese authorities have rolled out multiple measures to support the expansion of cross-border use of renminbi (RMB) by companies engaged in foreign trade and economic exchanges.

January12,2023

RMB's global payment share up in August

The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise for a fourth straight month in August, a report has said.

September22,2022

China's RMB cross-border payments post steady growth in Q2: report

The business volume and transaction value of cross-border payments made in renminbi (RMB) maintained strong expansion levels in the second quarter of the year, a central bank report shows.

September21,2022