Chinese yuan

Why the push for a stronger renminbi won’t go away

With the US dollar likely to be soft for a few years, to hold the Chinese currency back would be to allow it to depreciate against other trading partners

A rising renminbi could boost real incomes, consumption and services, especially if a more active fiscal policy were used as a reinforcing tool to underpin consumer demand, domestic activity and limit deflationary pressures.

It’s time for China to let the renminbi appreciate sharply

The imperative is now far stronger than a few months ago

The department will help set limits on outstanding national and local government debt, manage the issuance and repayment of government borrowings and oversee risks.

China's finance ministry sets up new debt management department

It’s the latest step in efforts to rein in local debt risks as the economy slows

The People’s Bank of China set the yuan’s daily reference rate at its strongest in about a year this month.

Chinese firms speed up US dollar selling amid optimism towards renminbi

The clients include exporters, importers and some investors in overseas financial assets

Foreign investors have been able to participate in the repo market on a limited basis through a programme in Hong Kong, called Bond Connect.

China expands onshore repo access in push to boost yuan assets

Authorities have been stepping up efforts to promote the country’s debt and currency markets

The US dollar may be increasingly questioned, but no serious alternative has emerged to unseat it.

The US dollar endures, but for how long?

Reports of the currency’s demise are greatly exaggerated

JD.com has proposed China allow renminbi stablecoin issuance in Hong Kong, before expanding the pilot scheme to offshore markets within China’s free trade zones.

China’s tech giants lobby for offshore renminbi stablecoin: sources

The two firms propose China allow the launch of stablecoins in Hong Kong pegged to its offshore renminbi to help promote global use of the Chinese currency

The Federal Reserve building in Washington, US (above), on Jan 26, 2022.
BT EXPLAINS

Central banks are ditching the greenback: What’s in favour instead?

[SINGAPORE] Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial stability.

Investors should start to imagine a world in which the US dollar, renminbi and euro coexist with more equal reach.

Are we heading for a multi-currency world?

Investors should brace for a confusing environment of competing safe havens