Downward pressure on yuan seen temporary2023-06-28
The current downward pressure on the Chinese yuan in foreign exchange markets will be short-lived, as the country's on-track economic recovery and more economic stimulus packages in the pipeline will help support the currency's valuation, said experts on Tuesday.
Move to boost yuan globalization2023-06-20
With the launch of the Hong Kong dollar-renminbi Dual Counter Model on Monday, 24 Hong Kong-listed companies, such as Tencent Holdings, Alibaba Group, Hong Kong Exchanges and Clearing and AIA Group, will offer their shares to be traded in both the Hong Kong dollar and renminbi.
RMB assets hold long-term pull for global investors2023-06-03
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.
Experts rule out further RMB slide2023-05-19
Although the Chinese currency renminbi faced some downward pressure in the past few trading days, there is little room for it to head further south in light of the economic recovery that is on track, said experts on Thursday.
Yuan's rise in Russia shows currency trend2023-04-12
The renminbi's record high share in Russia's currency trading in March confirms an emerging trend that more commodity-exporting economies are accepting the Chinese currency as an alternative to other leading international currencies, experts said on Tuesday.
RMB's role grows globally as dollar alternatives sought2023-04-06
The rising global use of the Chinese renminbi will accelerate the world's shift toward a multipolar international currency system, a process critical for global financial stability as the drawbacks of the dollar-centred system can no longer be ignored, experts said.
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.