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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

RMB's global payment share up in July

The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise from 2.17 percent in June to 2.2 percent last month, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said Thursday in a monthly report.

August19,2022

RMB retains 5th spot as currency for global payments

The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in June 2022, with a share of 2.17 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

July22,2022

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

RMB assets show growing appeal for global investors

Renminbi-denominated assets remained a strong magnet for international investors amid sound long-term prospects and China's continuous efforts to open its financial market.

June08,2022

RMB assets more attractive to global financial institutions: survey

Financial institutions abroad have greater demand for assets denominated in the Chinese currency renminbi (RMB), an annual survey by the Bank of China showed.

June06,2022

Interview: RMB's use on rise in int'l payments, says expert

Financial and economic indicators show that China's economy and its currency, the renminbi (RMB), are playing a rising role in international payments, a senior financing expert has said.

April28,2022

Interview: RMB's importance to continue rising as Chinese economy grows, says British expert

With such growing global importance of the Chinese economy, it is not surprising that the RMB's international status has been strengthening as well.

April18,2022

Interview: RMB gaining popularity in global market, says expert

The Chinese currency Renminbi (RMB) has been gaining popularity in the global market, and has made major breakthroughs in internationalization, a Turkish financing expert has said.

April13,2022

RMB share of global foreign exchange reserves climbs to 5-year high

The share of Chinese renminbi (RMB) reserves held by global central banks climbed to 2.79 percent during the fourth quarter of 2021, according to the Currency Composition of Official Foreign Exchange Reserves (COFER) survey revealed by the International Monetary Fund (IMF) on Thursday.

April02,2022