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The Debate Over Renminbi Policy. Louis Gave. January 21, 2016. One of the core tenets of Gavekal’s philosophy is that we embrace open debate. Rather than concealing the diversity of our analysis ...
CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as the US dollar’s global allure dimmed and Sino-US trade tensions ...
Dim sum issuance tripled over three years, driven by low Chinese interest rates and growing demand for offshore renminbi ...
Renminbi's nominal and real effective exchange rates rose by 11.5 per cent and 9.8 per cent respectively. After 2002, the renminbi exchange rate softened along with the US dollar's adjustment. By ...
The renminbi is used to settle almost a quarter of China’s current account transactions. To be sure, in terms of world payments processed by SWIFT, the renminbi is still tiny compared with the ...
The Hong Kong arm of China's second-largest fund firm China Asset Management (ChinaAMC) rolled out on Thursday the world's first renminbi-denominated tokenised money fund. This is the first tokenised ...
China’s renminbi has clocked up another major milestone on its . march towards internationalisation by breaking into the top five most-used global payment currencies.. According to data from ...
Renminbi vs US dollar: It is no secret that China would like to convert the renminbi into an international currency and move away from the global dominance of the US dollar. While this is often ...
For example if offshore renminbi deposits grew to 4% of China’s onshore base, this would double Hong Kong’s total local-currency deposits. "In the early 1960s, when the Eurodollar market started to ...
The renminbi’s share of global Swift (Society for Worldwide Interbank Financial Telecommunications) payments stands at just above 2 per cent, he said. “While the settlement in yuan for the LNG trade ...
Celent calculates renminbi as the fourth biggest global currency for payments, with the majority of cross-border renminbi payments used for trade settlement. But Swift ranked the Chinese currency as ...
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