Forex reserve managers more optimistic about renminbi: survey2018-06-18
Foreign exchange reserve managers have become more optimistic about the renminbi and predict bigger global influence of the Chinese currency in the coming years, a private survey showed.
RMB internationalization enters new phase: HKEX chief executive2018-06-12
The launch of Bond Connect has led RMB internationalization to a new phase, where international financial institutions can begin to use RMB to manage their balance sheet.
Adopting Chinese yuan as reserve currency makes sense for Africa: Rwandan analyst2018-06-11
It"completely makes sense"for Rwanda and other African countries to use the Chinese yuan as a reserve currency, especially for those transacting with China, a Rwanda economic analyst said.
SAFE: Capital flows to be better balanced2018-06-01
China's foreign exchange regulator said it would further free cross-border capital flows and push forward exchange rate reform this year, amid more balanced international payments driven by import expansion.
Optimism towards Belt and Road boosts renminbi internationalization: report2018-05-29
The Belt and Road Initiative has placed China's currency, the renminbi (RMB), on a stable path towards internationalization, according to a new report.
RMB rate expected to follow a two-way fluctuation path in 20182018-05-22
The yuan's exchange rate is expected to follow a two-way fluctuation path this year, facing little disturbance from trade talks between China and the United States unless "actual conflicts occur" in the future, according to a former senior official with China's foreign exchange regulator.
Capital outflows may crimp forex reserves2018-05-22
China's $3.12 trillion foreign exchange reserve may further decline under the pressure of capital outflows, said experts, predicting a stronger US dollar supported by the Fed's possible interest rate hike in June.
China to expand cross-border RMB use2018-05-09
China will continue to expand cross-border use of its currency Renminbi yuan this year, according to the central bank.
Steady progress seen in RMB internationalization2018-05-09
China's monetary authority listed steady progress to achieve completely free use of the yuan in cross-border capital investment as one of its priorities this year, based on further market-oriented exchange rate reform, said a statement released on the central bank's website on Tuesday.
Foreign exchange reserves slip slightly in April2018-05-08
China's foreign exchange reserves slipped to $3.125 trillion at the end of April, down by about $18 billion or 0.57 percent from March, officials announced on Monday.
China, Nigeria ink currency swap deal2018-05-04
China's central bank said Thursday that it has inked a currency swap agreement with its counterpart in Nigeria.
China details rules on RMB outbound investment scheme2018-05-04
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 for forex purchases.
Stable exchange rates are expected2018-04-20
China's cross-border capital flows and the yuan's exchange rate are expected to remain stable, despite potential risks from Sino-US trade friction, monetary policy tightening of other major economies and the country's rising foreign debt.
China, Australia renew currency swap deal2018-04-02
The central banks of China and Australia have decided to renew a currency swap agreement, the People's Bank of China (PBOC) said Friday.
Most Popular
Chinese | BIG5 | Deutsch
Xinhuanet | | People's Daily Online | | CNTV | | Global Times | | China Youth International | Visit Beijing |
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved