Pan also announced another measure conducive to renminbi internationalization — the development of offshore bonds in Shanghai's free trade zone. The initiative aims to broaden financing channels for ...

As the People’s Bank of China seeks a bigger role for the yuan on the global stage, ignoring stablecoins could put the ...

CIPS is more than a payment system—it is a strategic lever for RMB internationalization and a blueprint for the future of ...

The dual circulation jointly built by Shanghai and Hong Kong as the country's two currency hubs is especially important in ...

China is pursuing a strategy of selective RMB integration – eschewing full capital account liberalization and avoiding a ...

They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global ...

China’s renewed push for yuan internationalization is aimed at multipolarity, rather than replacing the dollar as the preeminent global currency, said Teneo.

Bank of China has stable funding. The company's deposits represent nearly 77% of total liabilities, about 40% of which are kept as low-cost demand deposits. Both ratios remained relatively steady over ...

Cheung, Y. (2014). The Role of Offshore Financial Centers in the Process of Renminbi Internationalization. SSRN Electronic Journal.

In his wildest dreams, Chinese leader Xi Jinping and his designs on currency domination couldn’t have imagined a better foil than Donald Trump.

Foreign exporters are reportedly less interested in being paid in US dollars due to the currency’s recent volatility, according to US Bank. Paula Comings, head of FX sales at US Bank, says in a new ...