Investing.com -- Despite some investors viewing stablecoins as a way to boost RMB’s global role, analysts at Bank of America said in a note that they are unlikely to be a major catalyst for the ...

In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use. China is pursuing a strategy of selective RMB integration – eschewing full capital ...

On October 1, the Chinese renminbi officially joins becomes the fifth international reserve currency. Until recently, Washington played geopolitics to defer the renminbi’s internationalization. But ...

Amidst all the background noise about possible trade wars and retaliatory measures, it seems like a good time to take a step back and reflect on one of the most emblematic representations of Chinese ...

SHANGHAI, Nov. 8, 2019 /CNW/ -- The internationalization of China's currency renminbi (RMB) has advanced to a higher level, said experts attending a forum on RMB internationalization facilitating ...

The agreement allows for the exchange of local currencies between the two central banks of up to AUD30 billion or RMB200 billion. It is for an initial period of three years and can be activated by ...

Recent data released by Swift, the financial messaging service, show that October saw a decline in global renminbi payments for the second month in a row. RMB payments reduced by 10%, while other ...

When renminbi internationalisation was making rapid progress in 2011, some leading investment banks predicted that by the end of 2012 Hong Kong’s offshore RMB deposits would reach more than 1 trillion ...

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry in Asia. This article is more than 3 years old. BEIJING, CHINA - ...

Recently, HSBC bank released an upbeat survey predicting that China's currency, the renminbi (RMB), will become one of three global settlement currencies, alongside the dollar and euro, some time this ...