Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.
January 17, 2023The move comes a year after the central bank suspended yuan trading. The finance ministry said it is allocating the equivalent of about $800mn for FX trades.
January 13, 2023The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
January 3, 2023The bill, to be introduced for LegCo's first reading on 30 November, will exempt market makers in dual-counter stocks from stamp duty.
November 21, 2022SAFE is surveying banks about sharp yuan declines amid concerns that some market participants may be "maliciously shorting" the currency.
October 27, 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, 2022The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
September 29, 2022The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL and gold producer Polyus also recently issued yuan-dominated bonds.
September 20, 2022The move will reduce Bangladesh's reliance on the US dollar in foreign trade transactions and save costs for businesses.
September 20, 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, 2022