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CHINA YUAN INTERNATIONALISATION
Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...- Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
- Global Market: Beijing, Hong Kong unveil measures to boost Yuan, bond and gold marketsBeijing and Hong Kong announced measures to boost financial connectivity and yuan internationalization. The southbound Bond Connect quota i...
- Brazil plans up to $735 million panda bond issuance, says finance ministerBrazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil...
- Yuan powers towards its biggest annual gains since 2020China’s yuan is on track for its strongest annual rise since 2020, driven by firm PBOC guidance despite weak economic fundamentals. Analyst...
- China considering yuan-backed stablecoins to boost global currency usage, sources sayChina is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sou...
- China's tech giants lobby for offshore yuan stablecoin, sources sayStablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cas...
- Why Modi government is internationalising Chinese Yuan by paying for Russian oil imports in it, asks CongressSpeaking at a press conference here, Congress spokesperson Gourav Vallabh said India is importing 42 per cent of its total oil requirement ...
- China displays urgency to internationalise YuanChina's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...
- China central bank says it will keep liquidity reasonably ample in 2023The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, its statement re...
- China moots yuan pooling scheme to counter US dollar dominanceThe Renminbi Liquidity Arrangement, which could be used in periods of market volatility in the future, initially includes the PBOC, the Ban...
- China to expand digital yuan experiments: Central bank vice governorChina is one of the frontrunners in the global race to launch central bank digital currencies to modernise financial systems, ward off the ...
- China’s ‘global’ currency is going local nowFor Chinese policymakers, the alternative is unthinkable. They’d have to allow the yuan to weaken significantly and probably abandon its un...
- China issues first offshore renminbi note in LondonChina's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the...
- Big drop in China's forex due to normal market operation: Central bankChina's forex reserves fell for a fourth straight month to $3.56 trillion at the end of August, the People's Bank of China (PBOC), announce...
- China easing capital controls to internationalise YuanThe SDR, an accounting unit usually deployed in bailout packages, would deliver few direct benefits to China’s 1.3 billion people.
- China to set up new international payment system for yuanChina is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...
- China to remove barriers to trade in YuanBut at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.
- Rupee-yuan trade platform sans dollar-peg soughtBankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.
- China's yuan not ready to be world currency: Central bankThe Chinese yuan has a long way to go before it is ready to be an international currency, a top central bank official said Tuesday, despite...
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