Yuan

China drains cash from economy in rare move during oil shock

The central bank withdraws a total of 890 billion yuan worth of liquidity via short-term open market operations in March

China has been pushing towards progress on capital account convertibility – or the free flow of capital across borders.

China to issue new quotas for investing overseas, official says

The move is intended to better meet the cross-border investment needs of domestic institutions

UOB said it will apply to list the bonds on the Singapore Exchange and expects the notes to be issued on Mar 20, with a three-year maturity.

UOB banks on stable renminbi as it plans 5 billion yuan Panda bond

The lender remains the only Singaporean bank in the Panda bond market

Increased adoption of the renminbi in Asean has been driven by manufacturing activity in electronics, intermediate goods and commodity processing, Standard Chartered has found.

Renminbi adoption gains traction in Asean amid deepening regional trade ties: Standard Chartered 

Momentum is growing through manufacturing activity, procurement flows and regional supply chains

The renminbi strengthened 4.4% in 2025 in its biggest annual gain since 2020.
EXPLAINER

What can China do to slow down its rising currency?

The renminbi has firmed about 2% so far in 2026

The onshore renminbi advanced for a 10th straight session to hit 6.8310 per US dollar, its strongest level since April 2023.

Renminbi extends advance to mark longest winning streak since 2010

Exporters are seen stepping up foreign-currency settlements, helping the currency’s strength

Beijing has been encouraging such offshore bond sales as a crucial driver of its long-term ambition to turn the yuan into a major world currency.

Indonesia offers offshore yuan bond as fiscal concerns grow

The country is among an expanding list of global issuers capitalising on record low offshore yuan interest rates

The Chinese authorities reiterated Beijing’s long-standing stance that cryptocurrencies including Bitcoin, Ether and stablecoins have no legal status equivalent to fiat money.

China bars unapproved issuance of renminbi stablecoins abroad

Beijing’s move comes at a time of elevated volatility in crypto markets