The use of the renminbi is also growing among oil exporters. Data compiled by Bloomberg showed that the renminbi has replaced ...

The renminbi has further emerged as an international currency, with widespread usage of the currency seen in cross-border ...

The weaponisation of financial markets is driving the search for less risky alternatives, and China is stepping into the ...

An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi. This is also another effort aimed at boosting RMB ...

PETALING JAYA: For Malaysian businesses, a switch to the renminbi (RMB) from the US dollar in trade settlement and investment will bring tangible benefits but there are inherent risks as well. For a ...

Of late, financial institutions have been flexing their technological muscles by expanding into various treasury-related solutions to boost the global adoption of the Chinese currency. For example, ...

BofA believes robust overseas demand for Chinese exports has generated a steady supply of US Dollars flowing into the ...

As the China-U.S. trade war intensifies, Washington may be fixated on tariffs and trade balances. But in doing so, it’s missing a deeper, more strategic battle: currency. While the United States turns ...