RMB's share in global payments rises2025-08-02
The renminbi is gaining increasing importance globally, thanks to China's economic resilience and the Chinese currency's stable fundamentals in the foreign exchange market, experts said.
Significant advances expected for e-CNY payments2025-08-02
Cross-border payments in the digital yuan, or e-CNY, are likely to make breakthroughs soon as good progress has been made in developing two e-CNY cross-border payment solutions, perhaps the first of their kind, according to executives close to the matter.
Downward pressure on yuan seen temporary2025-08-02
The current downward pressure on the Chinese yuan in foreign exchange markets will be short-lived, as the country's on-track economic recovery and more economic stimulus packages in the pipeline will help support the currency's valuation, said experts on Tuesday.
Move to boost yuan globalization2025-08-02
With the launch of the Hong Kong dollar-renminbi Dual Counter Model on Monday, 24 Hong Kong-listed companies, such as Tencent Holdings, Alibaba Group, Hong Kong Exchanges and Clearing and AIA Group, will offer their shares to be traded in both the Hong Kong dollar and renminbi.
RMB assets hold long-term pull for global investors2025-08-02
Global investors are bullish on renminbi-denominated assets as China's economic growth momentum recovers and its financial markets further open up, financial professionals said on the sidelines of the 2023 Global Investor Conference.
Experts rule out further RMB slide2025-08-02
Although the Chinese currency renminbi faced some downward pressure in the past few trading days, there is little room for it to head further south in light of the economic recovery that is on track, said experts on Thursday.
Yuan's rise in Russia shows currency trend2025-08-02
The renminbi's record high share in Russia's currency trading in March confirms an emerging trend that more commodity-exporting economies are accepting the Chinese currency as an alternative to other leading international currencies, experts said on Tuesday.
RMB's role grows globally as dollar alternatives sought2025-08-02
The rising global use of the Chinese renminbi will accelerate the world's shift toward a multipolar international currency system, a process critical for global financial stability as the drawbacks of the dollar-centred system can no longer be ignored, experts said.