Eddie Yue says the linked exchange rate system has served the city well
Central bank leader had predicted the Russian card would start circulating last year
Country joins Argentina and Honduras on list of applicants
Authorities repay IMF in renminbi, and allow it for local current and savings accounts
Raiffeisen stops euro payments to Russia, and Bank of China stops yuan payments from Russia
Offshore investors now have the option to trade 24 RMB-denominated stocks in Hong Kong
China renews 130 billion yuan swap line with Latin American country
Gulf state would join as Shanghai-based lender increases non-dollar operations
Central bank tightens for second time in a week
But Yi Gang declines to give a timeline for full renminbi convertibility
Move comes as renminbi overtakes euro as Brazil’s second largest reserve currency
Researchers say PBoC extended support worth billions of dollars to Belt and Road countries
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
New Cofer data release may show an overall fall in FX reserves, writes Gary Smith
This year’s report looks more closely at the effect of inflation and the new free trade agreement among Asia-Pacific nations on parts of the SDR formula, with a focus on the renminbi’s share of central bank reserves.
What impact does the renminbi’s increased weight and the $650 billion increase in the International Monetary Fund (IMF) special drawing rights (SDR) have for the role of the Chinese currency in reserve management?
Analysts say the move is part of China’s ongoing efforts to diversify its vast dollar-denominated assets
At a Bank of China (Hong Kong)-sponsored forum, policy‑makers discussed geopolitical developments and China’s macroeconomic outlook as global inflation rises
Will the new Asia-Pacific (Apac) economic partnership support the use of renminbi in settlement and as a reserve currency?
Bank of China (Hong Kong) assesses the prospects for renminbi-denominated assets as GDP growth slows worldwide