The move is aimed at slowing the depreciation of the yuan, which has recently fallen to a one-year low against the dollar.
April 26, 2022More streamlined filing and registration procedures and timely submission of issuance information will improve the efficiency of the use of foreign debt funds, the PBOC said.
January 5, 2022Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.
October 7, 2021HKMA chief Eddie Yue speaks of expanding the use of the RMB in Hong Kong stock market trading and a multi-year programme to enhance the CMU.
October 3, 2021The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.
April 21, 2021Offshore RMB rates are becoming increasingly influential, suggesting that they will play an even bigger role in pricing in future.
April 12, 2021Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
January 28, 2021SAFE has lowered the entry threshold for firms looking to participate in market making in the interbank foreign exchange market.
January 14, 2021The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
January 8, 2021Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
January 6, 2021