Tag: Yuan or Renminbi, RMB

• Monday, October 21st 2019 - 05:53 UTC

  Yuan at appropriate level says China, furious with IMF over quotas adjustments

  

  China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's Yuan at an appropriate level.

• Monday, November 2nd 2015 - 09:18 UTC

  China's Renmimbi has become world's second most used currency in trade finance

  

  As China establishes itself as the world’s second largest economy and top trading nation, its currency, the renminbi (RMB), is also gaining popularity around the world. According to the People’s Bank of China’s 2015 Renminbi Internationalization Report, the RMB was the world’s 5th most used payment currency, the 2nd most used trade finance currency, and the 6th most traded currency in 2014.

• Monday, November 10th 2014 - 19:56 UTC

  Hong Kong-Shanghai stock exchanges link will allow trading across the border

  

  Regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges. The Shanghai-Hong Kong Stock Connect will allow investors to trade across the border for the first time and is set to begin on 17 November.

• Wednesday, June 11th 2014 - 01:54 UTC

  China's Yuan gaining ground as world currency even for the US

  

  SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.