China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global tradePublished Mon, May 26, 2025 ...
Tag: renminbi
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify ...
Cross-border renminbi use by Chinese climbs to record as US dollar sags
CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as ...
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, ...
China flags more policy measures to bolster renminbi
CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars ...
China’s overseas investment adds to cash exodus weighing on renminbi
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an ...
China’s big-bang stimulus boosts renminbi; Aussie up after RBA
CHINA’S renminbi hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted ...
BHG Retail Reit posts 28.6% lower H1 DPU amid weakening renminbi
BHG Retail Reit’s distribution per unit (DPU) fell by 28.6 per cent to S$0.25 for its first half year ended ...
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