The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...

The HKMA said the facility would provide yuan funding to banks for trade finance using the onshore interest rate – the ...

China’s offshore yuan has solidified its position as a widely tapped currency in institutional and corporate financing on the ...

Market participants expect the RMB’s market share in trade settlement and payments to continue to grow in anticipation that China will further open up its financial markets. Although the RMB is ...

The PBOC released 2024’s RMB trade settlement data earlier this month. In 2024, there was RMB 16.3tr of trade settlement, which marked a 16% year-on-year increase, pulling back from the rapid ...

In a meeting with reporters, Eddie Yue, Chief Executive at Hong Kong Monetary Authority (HKMA), said that an RMB trade finance liquidity ... Yue pointed out that the settlement time of the ...

Renminbi deposits fell, whilst RMB remittance rose in December. Total deposits with authorized institutions in Hong Kong rose ...

RMB trade settlement is allowed, and investment schemes such as the Renminbi Qualified Foreign Institutional Investor (RQFII) Program was first launched in Hong Kong. Offshore RMB activities ...

Last year, 12,400 new market entities in Shanghai chose RMB for cross-border settlement, of which 30 percent were those specializing in trade in goods. An increasing number of enterprises have ...

The facility was expected to provide “participating banks with access to a stable source of funds at a lower cost, which should make it easier for [companies] to obtain RMB trade finance from ...