Over the past year, the People’s Bank of China, which manages the renminbi’s exchange rate, has allowed a gradual appreciation of the currency against the dollar. At the end of 2025 it crossed the ...

A stronger currency may be coming but policymakers in Beijing face two dilemmas that will limit their appetite for exchange ...

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 ...

London and Paris are vying to become Europe’s renminbi trading hub. Paris is challenging London, the leading center of foreign exchange trading globally, to be the hub of renminbi trading in Europe.

China's yuan became the most traded foreign currency on the Moscow Exchange last year. The yuan accounted for 42% of currency trades, topping the dollar's share of 39.5%. Yuan trading volume tripled ...

HONG KONG, October 6, 2010 - China's growth trajectory will, at the very least, require fundamental changes to the international monetary system and financial architecture, according to a panel of ...

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 ...

Just over a year ago, the Hong Kong Monetary Authority granted permission for quantities of Chinese renminbi to be transferred between accounts in Hong Kong for any purpose for the first time. This ...

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 ...