Chinese renminbi (RMB)
Tracking China’s currency
Ren Kangyu looks at how China’s currency has extended its reach beyond the mainland in the short space of seven years.
National Bank of Austria to invest in renminbi-denominated assets
People’s Bank of China and National Bank of Austria sign agreement enabling the Austrian central bank to invest in renminbi-denominated assets
Korea and China renew currency swap deal early
People’s Bank of China and Bank of Korea agree to renew and expand currency swap arrangement; also discuss converting swap currencies into reserves
RMB’s rise to reserve currency status accelerates
Renminbi progresses towards becoming a reserve currency in its own right; a number of central banks have begun to diversify into the Chinese currency
China slams US bill penalising renminbi imports
People's Bank of China says it firmly opposes bill passed by US Senate to impose countervailing duties on imports from countries undervaluing their currency
HKMA’s Chan happy with pace of renminbi internationalisation
Norman Chan accepting of need to test the offshore market with step by step internationalisation of renminbi; urges banks to get ready for trade using Chinese currency
Hong Kong regulator moves to authorise renminbi products under RQFII
Hong Kong regulatory platform ready to approve RQFII products; China’s central bank says priority to be given to Hong Kong-based subsidiaries of mainland banks and fund managers
China moves closer to renminbi inclusion in SDR
Comments by Chinese officials hinting renminbi will be fully convertible by 2015 open door to inclusion of currency in IMF’s special drawing rights basket
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
ING’s Gupta: Yuan to become reserve currency in two years
ING Investment Management Asia’s CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.
‘Now is the time’ for China to end dependency on dollar, says former official
Former member of the monetary policy committee of the Chinese central bank says China must end dependency on dollar; advises immediate renminbi ‘float’
China focus remains on inflation fight
Prudent monetary policy to continue, says central bank; fighting inflation is still top priority
Renminbi will not be ready to join SDR in 2015: CentralBanking.com panel
Panellists tell Robert Pringle they believe 2015 will be an important year in the internationalisation of the renminbi; currency will not be included in reweighting of SDR
Renminbi gains offer boost to foreign competitors: IMF paper
Fund study shows appreciation of renminbi increases stock price of foreign competitors and exporters to China
Sri Lanka allows renminbi in international transactions
Central Bank designates renminbi for banking transactions in Sri Lanka; next step in internationalisation of the Chinese currency
Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
HKMA’s Chan allays concerns over marginalisation of HK dollar
Hong Kong Monetary Authority chief executive Norman Chan dismisses concerns Hong Kong dollar is being substituted by renminbi
China’s cross-border yuan settlement rises 6%
Yuan cross-border settlement increased by 6% in early 2011 as plans to internationalise yuan-based trade materialise
IMF’s Lipsky considers yuan in future SDR
IMF first deputy managing director John Lipsky says renminbi is “serious candidate” for inclusion in special drawing rights
Kazakhstan may convert some reserves into yuan: reports
Governor of the central bank says he expects the yuan to be “globally recognised as a reserve currency” this year; currency swap deal on the cards
China set to sign currency swap with Mongolia
Bank of Mongolia to sign currency swap agreement with People’s Bank of China; deal will mark Beijing’s tenth such deal in less than three years
China to broaden cross-border renminbi trade settlement
People’s Bank of China director of monetary policy Li Bo says central bank plans to expand pilot for cross-border renminbi trade to more regions on the mainland
Singapore challenges Hong Kong over global yuan hub status
Singapore agrees to open Chinese bank to clear yuan trades; Hong Kong’s plans to become centre for offshore yuan trade at risk
Renminbi revaluation effects on India: RBI paper
Reserve Bank of India study says revaluation of renminbi will impact India’s exports sector