Chinese renminbi (RMB)
Renminbi in focus: diversification and internationalisation
Bank of China (Hong Kong) comments on the case study interviews conducted by Central Banking and discusses China’s GDP growth and renminbi internationalisation, the renminbi as a financing currency and its role in cross-border settlement
Adopting renminbi in reserve portfolios
Central Banking speaks to four reserve managers about investing in renminbi
PBoC eases rules to lure foreign bond investors
New rules include allowing foreign investors to conduct FX trades with more financial institutions
Dollar remains key to central banks’ reserves
Renminbi purchases come with possible legal risks, Central Banking’s Autumn Meetings told
PBoC raises FX risk reserve ratio for forward trading
Move is the Chinese central bank’s latest attempt to slow the yuan’s decline
China and Hong Kong to launch derivatives trading link
HKMA chief says Swap Connect scheme will allow global investors to manage interest rate risks from bond investments on the mainland
IMF blog highlights rise of ‘non-traditional’ reserve currencies
Renminbi only accounts for a quarter of the shift away from dollars
IMF boosts dollar and renminbi weights in new SDR valuation
Euro records largest drop, while yen and sterling decline slightly
RBI extends Sri Lanka swap line
Island nation defaulted amid debt, currency and balance of payment crises
Chilean central bank joins regional foreign reserves network
Membership of Flar is latest measure to boost access to funds after 2019 exchange rate crisis
Myanmar and China to use renminbi for cross-border trade
Reports indicate that authorities will pilot settling small-scale trade transactions in yuan
PBoC’s digital yuan on track for 2022 Winter Olympic debut
Preparations for e-yuan to be used in the winter games are at a final stage, says deputy governor
The renminbi’s rise to prominence: focus report 2021
Central Banking explores the impact the addition of the renminbi to the SDR basket has had on internationalising the Chinese currency; central bank reserve managers share their views on including the renminbi in their portfolios; and we take a look at…
The renminbi in focus: reserve managers see promise
Reserve managers see potential in the renminbi and expect the International Monetary Fund to increase its weighting at the next special drawing rights reassessment
The renminbi’s inclusion in the SDR adds impetus to its internationalisation
Bank of China (Hong Kong) highlights the importance of opening up the onshore renminbi (RMB) foreign exchange market and improving the development of offshore RMB FX markets
The IMF’s $650bn SDR allocation and a future ‘digital SDR’
Focus is needed on widening SDR use in payments and the creation of a ‘digital SDR’, to support a large allocation of ‘official’ IMF SDRs, writes Warren Coats
The evolution of the renminbi
Central Banking speaks to five policy-makers about their thoughts on the prominence of the renminbi within central bank reserves following its inclusion in the International Monetary Fund’s special drawing rights.
PBoC to study cross-border payments in digital yuan
Central bank confirms digital yuan will be direct central bank liability
Hong Kong to study ‘e-HKD’ at retail level
Hong Kong will begin study on retail CBDCs and work with PBoC on e-CNY in the next year
Chinese CBDC could bolster renminbi internationalisation – Hui Feng
Academic believes digital currency efforts could facilitate renminbi’s international acceptance and ‘popularity’
Reserve management in China: foreign reserves, renminbi internationalisation and beyond
Hui Feng explores how China has managed its reserves over the past decade, detailing the dynamics of the PBoC's investment strategy and how reserve management has impacted monetary policy
Book notes: The handbook of China’s financial system, edited by Marlene Amstad, Sun Guofeng and Xiong Wei
An important, comprehensive and informed overview of the current state of the Chinese financial system
Dollar’s share of global reserves falls to 25-year low
Gradual decline may stem from currency diversification by emerging market central banks - IMF report
IMF delays SDR valuation review
Delay reflects priority placed on Covid-19 response and possible clash with other workstream