Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions ...

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 ...

Guan Tao, global chief economist at BOC International, said: "The cut has reinforced the policy signal of stabilizing the ...

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

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 ...

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 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 ...