renminbi
Coverage of renminbi in the Nexus archive.
- China widens mainland access to offshore bonds
China has expanded mainland access to offshore bonds by increasing the quota for Hong Kong's 'connect' scheme. The move aims to enhance the international use of the renminbi.
- China Names Africa’s First Renminbi Clearing Bank
China's central bank designated Standard Bank and ICBC as Africa's first Renminbi Clearing Bank, enabling 19 countries to settle trade in yuan instead of dollars.
- A credible and safe path to Chinese financial liberalization
China's financial policymakers aim to enhance global capital market access, internationalize the renminbi, and build a trusted market infrastructure, but face risks of instability seen in other emerging economies, such as currency crises and capital volatility.
- Hong Kong well placed to help Central Asia grow yuan trade, leading banker says
Hong Kong is positioned as a hub for Central Asian countries to expand yuan trade due to its comprehensive renminbi financial ecosystem, according to Stephen Chan Man of Bank of China (Hong Kong). A delegation led by Chief Executive John Lee Ka-chiu will visit Kazakhstan and Uzbekistan to deepen financial ties.
- Is it a Risk for America that China Holds So Much U.S. Debt?
The article argues that concerns about China's ownership of U.S. debt are based on misconceptions about sovereign debt dynamics. China's debt holdings provide minimal economic leverage over the U.S., as the debt is widely held globally and China itself relies on these holdings to manage its currency exchange rate.