RMB still 5th most active currency for global payments in February: SWIFT2023-03-26
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.
Global investors snatch up Chinese yuan assets amid recovery prospects2023-02-07
Market data shows that net overseas capital inflow into shares traded at the Shenzhen and Shanghai bourses hit a single-month record of 131.146 billion yuan (about 19.4 billion U.S. dollars) in January, more than the whole of 2022.
RMB remains fifth most active currency by value in December: report2023-01-25
The Chinese currency renminbi (RMB), or the yuan, remained the fifth most active currency for global payments by value in December 2022, a report has showed.
RMB recovers on economic resilience2022-11-15
Sentiment in the foreign exchange market improved further on Monday as outlook for China's economic growth brightened against the backdrop of the country's strong resilience and expectations that the US Federal Reserve's monetary tightening is likely to slow down, experts said.
Financial digitalization gets e-CNY trust2022-10-24
As the fall semester started in September, Liu Xiaojing, 35, a product manager in Beijing, enrolled her 7-year-old son into an after-school English-language program. That was a sort of an encore.
Expanded use of RMB may stabilize global financial market2022-10-21
Continued efforts are being made to boost the renminbi's international profile as it plays an increasingly important role in the global market, experts said.
Digital yuan trading value tops 100 billion yuan2022-10-13
The value of transactions using the digital yuan has topped 100 billion yuan ($13.94 billion) with a variety of e-CNY application scenarios formed, the People's Bank of China (PBOC), the country's central bank, said on Wednesday.
PBOC assures stability in currency market2022-10-13
The People's Bank of China, the country's central bank, said it will continue efforts to deepen reform in the foreign exchange market, preempt unreasonable volatility in the Chinese currency, and ensure the renminbi exchange rate does not move in only one direction.
Central bank set to boost market confidence2022-09-29
China's central bank is expected to prioritize stabilizing market confidence in the coming quarter, keeping monetary policy accommodative for economic recovery while fending off any rapid weakening of the renminbi against the dollar, experts said on Thursday.
Renminbi's global use set to expand2022-09-26
China's renminbi is expected to continue its steady rise in global use and play a bigger part in safeguarding international financial stability, as the country further advances its financial opening-up while deepening trade and investment cooperation, experts said.
Cross-border use of RMB rises in 20212022-09-24
The cross-border use of RMB reached 36.61 trillion yuan (5.24 trillion U.S. dollars) in 2021, up 29 percent year on year, China's central bank said Friday.
RMB may stay stable; firms must be risk-neutral2022-09-19
The US dollar saw its ups and downs last year before ending on a strengthening note. Meanwhile, the renminbi managed to stay strong against that backdrop amid the stratospheric $675.9 billion trade surplus China secured in 2021.
Digital yuan solutions enjoy major upgrade2022-09-09
China launched an advance payment solution based on digital yuan smart contracts on Thursday in the latest step to further enhance the e-CNY's role of reducing transaction costs and better protect consumer rights.
Experts sure RMB won't have meltdown2022-08-24
While the renminbi exchange rate against the US dollar touched a 23-month low on Monday, it is unlikely the Chinese yuan will depreciate significantly in the rest of the year, thanks to the country's economic resilience, said experts.
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