The Business Times

Chinese yuan

Banking & Finance

China expands onshore repo access in push to boost yuan assets

A worker counts US dollar banknotes at a money exchange outlet in New Delhi on July 31, 2025. On July 30, two days before the deadline for the reintroduction of Trump's so-called "reciprocal tariffs", the US president announced that Indian shipments to the United States would be hit with a 25 percent tariff. (Photo by Arun SANKAR / AFP)
Opinion & Features

The US dollar endures, but for how long?

FILE PHOTO: JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Global Enterprise

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

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
Capital Markets & Currencies
BT EXPLAINS

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

FILE PHOTO: FILE PHOTO: FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo/File Photo/File Photo
Wealth & Investing

Are we heading for a multi-currency world?

The direct access to the CIPS will allow UOB to provide cross-border renminbi clearing, settlement, and payment services to businesses and financial institutions within and outside China.
Companies & Markets

UOB becomes direct participant in China’s cross-border clearing and settlement system 

Chinese assets overall have benefited from a diversification away from US markets as concerns about Trump’s tariffs and tax cuts sustain the “sell America” narrative.
Capital Markets & Currencies

Goldman Sachs expects stronger yuan to boost Chinese stocks

The larger-than-expected tariff cuts saw the US dollar and yuan strengthen; the greenback also reaped gains against the baht, ringgit, rupiah, Singdollar and Philippine peso.
Companies & Markets

Greenback’s relief rally from US-China tariff truce is but a brief blip: analysts

Rising adoption of the renminbi by the Chinese comes as the greenback’s preeminent role in global financial markets is increasingly undermined by the Trump administration’s aggressive and unpredictable tariff policy.
Banking & Finance

Cross-border renminbi use by Chinese climbs to record as US dollar sags

The offshore renminbi slipped as much as 0.3 per cent on Tuesday (Apr 22) to around 7.31 per US dollar.
Capital Markets & Currencies

Offshore renminbi funding costs in Hong Kong sink to record low

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