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PBOC to enhance global presence of RMB, manage risks
China will boost the internationalization of the RMB, guard against systemic risks, and foster a sound monetary and financial environment, according to the country's central bank.
January09,2024
Establishment of RMB clearing arrangements boosts high-quality foreign trade, promotes RMB internationalization
China and Brazil signed a memorandum of cooperation earlier this year to establish renminbi (RMB) clearing arrangements in Brazil. It is expected that the arrangements will help enterprises and financial institutions in both countries conduct cross-border transactions using the RMB and further facilitate bilateral trade and investment.
April03,2023
【Financial Str. Release】RMB seen more active currency globally, CBA report
Chinese currency Renminbi (RMB) became a more active currency globally in 2021, reported Xinhua Finance citing a report released by China Banking Association (CBA) on Thursday.
October28,2022
Interview: IMF's lifting of RMB weighting in SDR currency basket shows high recognition of China, says Brazilian expert
The International Monetary Fund (IMF) announced an increase in the weighting of the Chinese renminbi (RMB) in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review, which shows a high recognition and a seal of approval from the world-class financial institution towards China, said Hsia Hua Sheng, associate professor of international finance at the Getulio Vargas Foundation (FGV), the largest think tank in South America.
May18,2022
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
Yearender-High-quality Development: China advances RMB internationalization steadily in 2021 with emerging opportunities ahead
Despite the ravaging COVID-19 pandemic around the world, the internationalization of China's currency renminbi (RMB) has been advanced steadily in the year of 2021, thanks to the resilience of China's economy and the country's commitment to opening up its capital market.
December23,2021
Standard Chartered RMB globalization index hits record high in July
From May to July, the Standard Chartered Renminbi Globalization Index (RGI), rose for three consecutive months and hit a record high in July, announced the Standard Chartered Bank (SCB) on Monday.
September07,2021
China to advance RMB internationalization steadily and prudently
China aims to promote the internationalization of its currency, the renminbi (RMB), in a steady and prudent manner, according to the full text of the Communist Party of China (CPC) Central Committee's development proposals made public on Tuesday.
November04,2020
China to actively and steadily push forward RMB internationalization
China Foreign Exchange Trading System (CFETS) announced Monday that from August 1, 2020, the bidding and inquiry transaction fees of Renminbi (RMB) against Singapore dollar, ruble, ringgit, New Zealand dollar, South African rand, Saudi Riyal, UAE diram, Polish zloty, Hungarian Forint, Turkish Lira, Korean won and Thai baht will be temporarily exempted for three years.
August05,2020
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