Business
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…
Tag
renminbi
Business
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…
Business
Cross-border renminbi use by Chinese climbs to record as US dollar sags
CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as the US…
Business
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the…
Politics
China flags more policy measures to bolster renminbi
CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars in Hong Kong to…
Business
China’s overseas investment adds to cash exodus weighing on renminbi
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an accompanying…