RMB developing quickly as major world currency2014-07-21
The renminbi is on track to become the third-largest international currency behind the US dollar and the euro within five years as China accelerates its promotion of the yuan, said a Renmin University of China report released on Sunday.
Tianjin Eco-city plans cross-border yuan deals2014-07-10
Tianjin will launch a pilot program for companies and individuals in the Sino-Singapore Tianjin Eco-city to conduct cross-border yuan transactions with Singapore, Tianjin Vice-Mayor Zong Guoying told a news conference on Wednesday.
Global investors hunger for dim sum bonds2014-07-08
Despite a faltering renminbi, record high issuance and growing appetite around the world have reaffirmed the offshore yuan bond as a tempting investment.
Luxembourg vies to be RMB base2014-07-02
Luxembourg vows to be the leading offshore yuan trading center in Europe and serve as a gateway for Chinese financial institutions to gain access to the European market, said the finance minister of Luxembourg at a press conference in Beijing on Tuesday.
RQFII program expanded to France2014-06-21
China has officially granted 80 billion yuan ($12.9 billion) quota of investment to France under the Renminbi Qualified Foreign Institutional Investor program.
Yuan-pound trading begins2014-06-19
China will allow its currency to be directly traded against the British pound from Thursday, the central bank said, as the country keeps up efforts to boost the yuan's role in international finance and trading.
Yuan-denominated green bond debuts in London2014-06-19
The first-ever yuan-denominated green bond was issued on Tuesday by International Finance Corp in London, marking a further step forward in the internationalization of China's currency.
London's RMB business keeps steady growth: report2014-06-18
The Renminbi, or RMB, denominated trade financing in London increased by 10 percent to around 42.8 billion Chinese yuan in 2013, compared to that of 2012, said the City of London Wednesday.