Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions for China’s currency as Beijing seeks to play a greater role in the ...
The Chinese renminbi was only a few years ago considered among the most actively traded currencies in foreign exchange options. But volumes have collapsed over the past year, as the People’s Bank of ...
SHANGHAI] China’s renminbi edged higher to a fresh 33-month high against the US dollar on Monday (Feb 9), after a report that ...
China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” ...
Xi Jinping pushes renminbi as a global trade and reserve currency; learn what reforms, market shifts and risks mean for investors and central ...
China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar.
Chinese regulators have locked in a sweeping crypto clampdown, banning unapproved yuan-linked stablecoins and curbing ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Recent developments in both China and the US have boosted speculation that the People’s Republic is preparing ...
The internationalisation of the renminbi has been held back by the Chinese government’s aversion to risk, says an economist, ...
After years of speculation and false starts, it seems that the internationalisation of the renminbi is well underway. On March 29, China and Brazil announced plans to trade using their own currencies, ...
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