The State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of the currency glo...

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sou...

Stablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cas...

China is leveraging loans from its Belt and Road Initiative (BRI) to promote the yuan internationally and boost its share of global payment...

Speaking at a press conference here, Congress spokesperson Gourav Vallabh said India is importing 42 per cent of its total oil requirement ...

While many businesses - driven by commercial convenience, balance of payments, and terms of global reinsurers - often prefer to deal in har...

China's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...

The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, its statement re...

The Renminbi Liquidity Arrangement, which could be used in periods of market volatility in the future, initially includes the PBOC, the Ban...

China is one of the frontrunners in the global race to launch central bank digital currencies to modernise financial systems, ward off the ...

For Chinese policymakers, the alternative is unthinkable. They’d have to allow the yuan to weaken significantly and probably abandon its un...

When asked to compare India and China vis-a-vis internationalisation and their financial markets, RBI Governor said each has its own streng...

The SDR, an accounting unit usually deployed in bailout packages, would deliver few direct benefits to China’s 1.3 billion people.

China is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...

But at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.

Bankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.

The 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...