RMB internationalization makes remarkable progress: report2017-10-20
There has been remarkable progress in global use of the renminbi(yuan), which is set to continue, according to a central bank report.
PBOC says stable yuan likely soon2017-10-19
Yuan exchange rates will have a more stable foundation after the 19th National Congress of the Communist Party of China and the market will have a bigger role in determining the currency's value, a top central bank official said on Wednesday.
Central bank tests digital currency transactions2017-10-13
China's central bank carried out mock transactions using digital fiat currency with some commercial banks in June, a step aimed at exploring tech challenges involved in using government-backed digital money, according to central bank officials.
Forex reserves hit high for 20172017-10-10
China's foreign exchange reserves in September rose to their highest level so far this year to reach $3.11 trillion, marking growth for the eight straight month, as capital outflows eased thanks to the stronger renminbi, central bank data showed on Monday.
Chinese yuan's global march, a year after SDR entry2017-10-09
A year has passed since the Chinese currency renminbi, or the yuan joined the IMF Special Drawing Right (SDR) basket. While the impact of the move may appear limited, the currency has taken steady steps on its global march.
Renminbi gets more int'l recognition despite volatility2017-10-09
In late 2016, Zhang Jianzhou was put in charge of a cross-country M&A project worth more than 3.9 billion U.S. dollars.
Fed move signals turning point for liquidity2017-09-22
The US Federal Reserve's plan to wind down quantitative easing from next month will sign a turning point of the global liquidity environment, which will have a long-term impact on major economies' interest rates and asset prices.
China moves to shut down cryptocurrency exchanges2017-09-20
Chinese regulators are taking steps to shut down the country's cryptocurrency exchanges and ban trading of digital cryptocurrency to rein in financial risks.
Crackdown signals end of illegal exchanges2017-09-19
China's crackdown on bitcoin exchanges is a sign that the top regulator no longer tolerates cryptocurrency trading in the country as it has fueled illegal fundraising and cross-border money laundering.
Chinese banks report net forex sales drop in August2017-09-19
Chinese commercial banks recorded a smaller net foreign exchange (forex) settlement deficit in August as cross-border capital flows stayed balanced and stable, the forex regulator said Monday.
China to continue opening forex market2017-09-14
China will continue to open its forex market and let the market decide exchange rates, a senior official said on Wednesday.
State to relax RMB exchange rate rules2017-09-14
The renminbi exchange rate will be more flexible, basically determined by the market's supply and demand situation, a senior official with the State Administration of Foreign Exchange (SAFE) said on Wednesday.
Yuan dips as capital controls relaxed2017-09-13
The renminbi weakened on Tuesday for the first time in two weeks after the central bank relaxed capital controls on Monday. Analysts said the currency will have more two-way fluctuations in coming months.
China reduces foreign exchange risk reserve ratio to zero2017-09-12
China's central bank has scrapped reserve requirements of 20 percent for financial institutions settling foreign exchange forward yuan positions, an official said Monday.
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