renminbi

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China rolls out plan to promote its own payment system as US trade war simmers

China has released an action plan to promote the use of the yuan and its own payment system in international…

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Opinion | China has a secret weapon in US trade war – the renminbi

The US’ “reciprocal tariffs” resemble an indiscriminate attack, hitting not only industrial nations like China and Japan but also highly…

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China’s central bank to create ‘more tools’ to shore up economy

China’s central bank said on Thursday that it was looking into creating more structural tools to support innovation, domestic consumption…

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Hong Kong’s Times Square owner says earnings sink on weak retail, property market

Wharf Real Estate Investment Co, one of Hong Kong’s biggest commercial landlords, said earnings tumbled last year as revenue from…

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Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan

Bybit, a cryptocurrency exchange with Chinese roots that is now one of the world’s largest by trading volume, said mainland…

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Exclusive | Credit Agricole bolsters Asia expansion from Hong Kong, undeterred by Trump’s trade war

French banking giant Credit Agricole CIB is committed to using Hong Kong as a base to expand its business in…

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China’s yuan hits internationalisation landmark with record share of global payments

Swift payment data is a major indicator for the relative status of international currencies. Other metrics include frequency of use…

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As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases,…

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Global use of China’s yuan up sharply, beating pound and yen on internationalisation index

Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and…

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What do investment banks think of the Chinese Communist Party’s long-overdue third plenum?

One bright spot of the plenum was the government’s specific reference to China’s 2024 economic growth target, pegged at about…

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