Currencies
E-currency blossoming nationwide2022-05-18
Ever since the People's Bank of China, the country's central bank, announced in early April a list of 11 cities joining the trial use of the digital yuan, many first attempts have been made over the past month, largely enriching the e-CNY's application scenarios.
Chinese embrace digital yuan as China further promotes pilot program2022-05-15
Chinese people are embracing the digital yuan with a positive attitude. Thanks to the promotion of banking institutions, internet companies, and retail terminals, digital yuan now can be used in a wider range of scenarios.
Experts downplay yuan's depreciation2022-05-13
Though the yuan may face continued pressure from a strong US dollar in the coming weeks, the Chinese currency may gain a firmer footing later this year with a more stable COVID-19 situation and slower US monetary tightening, experts said on Thursday.
E-CNY designed for retail transactions, not to take place of dollar, expert says2022-04-18
China's e-CNY, also known as the digital yuan, is designed for retail transactions for the convenience of people and merchants, rather than to replace the US dollar, said Zhou Xiaochuan, president of the China Society for Finance and Banking.
European experts eye stronger growth of RMB as global currency reserve2022-04-12
The Chinese currency Renminbi (RMB) has been increasingly used as international currency in recent years, and it will play a more and more important role as a global currency reserve in the future, European experts have said.
Digital yuan enters third round of testing2022-04-05
The orderly expansion of digital renminbi trials in China is expected to advance its research and development and wide-range applications, experts said on Monday, as the nation works to build a robust ecosystem for its digital currency, or e-CNY.
China to pilot digital yuan in more cities2022-04-03
China's central bank announced Saturday that its digital yuan pilot program will be expanded to more domestic cities following its successful operation over the past years.
RMB retains 4th spot as most active currency for global payments2022-02-18
The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fourth most active currency for global payments by value in January 2022, with a share of 3.2 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
RMB becomes 4th most active currency for global payments: SWIFT2022-01-21
The Chinese currency renminbi (RMB), or the yuan, climbed one position to become the fourth most active currency for global payments by value in December 2021, with a share of 2.7 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services, on Thursday.
Digital yuan a new infrastructure of China in era of digital economy2022-01-19
A digital yuan wallet application, the e-CNY, hit major mobile phone app stores in China earlier this year.
China's pilot digital yuan hits 87.57 billion yuan2022-01-19
China's digital yuan transactions hit nearly 87.57 billion yuan (13.78 billion U.S. dollars) at the end of 2021, as the country ramped up research and pilot use of the central bank's digital currency.
Renminbi gains wider international acceptance2022-01-07
The renminbi has seen wider acceptance in international usage as the country's resilient economic growth bolstered global demand and opening-up measures facilitated foreign investment in the country.
China's yuan gains wider global acceptance on country's booming trade, wider opening-up2022-01-01
China's currency Renminbi (RMB), or the yuan, has seen wider acceptance in international usage as the country's resilient economic growth bolstered global demands and opening-up measures facilitated foreign investment.
Renminbi slides against US dollar on reserve move2021-12-11
The renminbi slid on Friday after the monetary authorities asked banks to increase reserves of foreign currencies, which is expected to slow the Chinese currency's rise in the near term, according to experts.
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