Existing policy requirements related to the centralised operation of cross-border funds of multinational corporations will be optimised
May 24, 2023The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.
April 30, 2023Traders no longer view the yuan as an emerging-market currency like it was ten years ago, said Chris Povey.
April 4, 2023China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.
April 3, 2023USD/CNH options have become one of the most traded pairs in the OTC market. The new listed contracts will offer a centrally cleared alternative.
March 7, 2023The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
January 3, 2023The SFC proposes to expand the list of specified contracts and introduce an excess position limit regime for clearing participants.
November 23, 2022A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.
October 3, 2022Russia is now in third place on a list of non-mainland jurisdictions using the yuan for global payments, after Hong Kong and the UK.
September 6, 2022Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.
July 5, 2022