The RMB’s rise has been building for some time. A February study published in the China Journal of Commerce finds that the RMB is beginning to form a regional “anchor effect” that exerting a tangible ...

As G10 currencies follow their divergent paths, with the dollar gradually strengthening as the euro and yen decline, the question of the Chinese renminbi’s value is coming under increasing scrutiny.

The rise of China as an economic powerhouse in global trade in recent decades has sparked concerns about the long-term status of the U.S. dollar as the world’s primary reserve currency, which it has ...

Beijing policymakers are set to speed up the opening of China’s capital account, allowing the renminbi to be fully convertible within five years, according to HSBC. The bank has pushed forward its ...

Pressure from BRIC countries for a new international reserve currency to replace the dollar is growing. China, the world’s leading trading nation, would like to reap some of the benefits and prestige ...

China is one of the first countries to develop a central bank digital currency. The People’s Bank of China (PBOC) first proposed the idea of a digital renminbi in 2014. Since then, significant ...

HONG KONG, Feb 16 (Reuters) - The Hong Kong Exchanges and Clearing Limited (HKEX) said on Thursday that it will launch its renminbi currency options on March 20. The USD/CNH options will be the first ...