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RMB internationalization boosts emerging Asian market forex trading, U.S. expert
Internationalization of the Chinese currency has significantly boosted the trading volume of currencies of emerging Asian markets (EM Asia) globally, a senior emerging market forex trader has said.
Myanmar adds Chinese RMB as official settlement currency
The Central Bank of Myanmar has announced that it will add the Chinese renminbi, along with the Japanese yen, as official settlement currencies for international payment.
China unveils guideline for panda bond issuance to further open up bond market
The National Association of Financial Market Institutional Investors (NAFMII) on Friday officially introduced a guideline for the panda bond issuance to further open up the domestic bond market.
Chinese yuan gains international popularity amid accelerated B&R co-op
Chinese currency renminbi (RMB), or the yuan, has gained a bigger popularity overseas, especially in countries along the Belt and Road as the B&R construction advances smoothly.
China to expand cross-border RMB use
China will continue to expand cross-border use of its currency Renminbi yuan this year, according to the central bank.
Second phase of CIPS fully operational, covering financial markets in all time zones
The second phase of the Cross-border Interbank Payment System (CIPS) was fully put into operation on Wednesday, with its operating time fully covering the global financial markets in...
China details rules on RMB outbound investment scheme
China's central bank on Thursday detailed rules on the RMB Qualified Domestic Institutional Investors (RQDII) scheme, allowing RQDII investors to invest in yuan-denominated assets overseas but banning them from moving yuan out of the country...
Experts expect RMB internationalization to increase momentum
The Use of the Chinese currency renminbi (RMB), or the yuan is expected to increase going forward, HSBC's Asian Economics Research co-head Frederic Neumann said on Monday.
Hong Kong sees renminbi deposits up 0.5 percent to 535.5 bln yuan
Renminbi deposits in Hong Kong rose by 0.5 percent to 535.5 billion yuan (84.6 billion U.S. dollars) at the end of September, the Hong Kong Monetary Authority said on Tuesday.
Hungarian RMB market growing successfully: central bank official
The Hungarian renminbi (RMB) market has grown successfully, and RMB (renminbi, or Chinese yuan)-based loans, accounts and deposits are available, Hungarian National Bank (MNB)'s executive director Daniel Palotai said Wednesday.
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