RMB local currency financing

Decade-old Brics ambition to push local currency remains a

Trump pushback Brics leaders also reaffirmed their commitment to expand local currency financing, diversify funding sources and strengthen cooperation in trade to promote inclusive

CICC Research Report: Stablecoins, Financial Markets, and RMB

In many countries and regions with underdeveloped financial infrastructure, due to the large fluctuations in the value of their local currencies, local residents are more motivated to hold

Central banks up reserves of RMB to a high

Central banks around the world are holding record levels of reserves in Chinese yuan, according to IMF data. Analysts said the current five-year high marks another step forward for the Chinese currency''s internationalization, a

China''s aggregate social financing surges to 4.12

China''s financing activity picked up as the increment in aggregate social financing — the total amount of financing to the real economy — reached 4.12 trillion yuan ($563.78 billion) in September, up by 563.8 billion yuan from

Increased local govt debt quota approved

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China allocated 10 trillion yuan ($1.4 trillion) in new fiscal funding to replace local government hidden debt on

China''s central bank to promote cross-border

The central bank said it would develop the offshore RMB market, leverage the roles of currency swaps and RMB clearing banks, and pledged to accelerate the construction of Shanghai''s status as an international financial

Morgan Stanley''s Panda Bond Move: A Strategic Signal for

- Morgan Stanley became the first U.S. firm to issue a panda bond in China, raising 2 billion yuan at a 1.98% yield in July 2025. - The move reflects shifting global capital dynamics, leveraging

Upward movement of RMB likely to continue

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] RMB: Valuation to rise moderately, expert says The recent strengthening of the Chinese renminbi against the US dollar

RMB internationalization inevitable trend as

A citizen in Beijing demonstrates a mobile payment platform of digital RMB, August 5, 2021. [People''s Daily Online/Hu Qingming] The internationalization index of the Chinese currency renminbi (RMB), or the

Yuan meets all criteria to be a cross-border trade

A worker counts Chinese currency renminbi at a bank in Linyi, East China''s Shandong province. [Photo/Xinhua] In his report to the 20th National Congress of the Communist Party of China last year, CPC Central Committee

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