Russia has sold its first bonds denominated in Chinese renminbi, raising almost $3bn as it seeks to fund its invasion of ...

China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to ...

When Russia and China declared a “no limits” partnership in 2022, the symbolism was powerful—but the economic reality has ...

As the renminbi's internationalization advances, more presence of the Chinese currency will be seen in the offshore market, with the dual counter model recently introduced in Hong Kong serving as one ...

Last October, the International Monetary Fund officially added China’s currency, the renminbi, to the basket that makes up its Special Drawing Rights, the reserve asset in which the IMF denominates ...

China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly pegged to the US dollar, flock across the border to Shenzhen for weekends ...

It is no secret that China would like to convert the renminbi into an international currency and move away from the global dominance of the US dollar. After years of speculation and false starts, it ...

On the last day of November, at the conclusion of its five-yearly review of the composition of the Special Drawing Rights (SDR), the IMF elevated the renminbi to its SDR basket. The RMB is now one of ...

The renminbi is approaching its final frontier: full convertibility and transformation into a “normal” currency used by companies and individuals worldwide in the same way the US dollar is today. The ...

Germany and Japan didn’t want their currencies to go global, fearing appreciation and the resulting blow to their manufacturers’ competitive edge. China, in contrast, seeks to turn the renminbi (RMB) ...

China's latest move to encourage renminbi settlement in cross-border e-commerce will help stabilize the operation of foreign trade enterprises and boost internationalization of the currency, experts ...