19 Hong Kong-listed firms have applied for their stocks to trade in RMB
Traditionally, Hong Kong was a gateway for foreigners into China. Its future lies in being a gateway for Chinese capital to the world.
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Swap Connect expected to launch this quarter
The Swap Connect will increase the international appeal of China’s financial markets by giving foreign investors a way to hedge their exposure to Chinese fixed-income products.
Yi Gang reiterates PBoC’s aim to loosen control of RMB exchange rate
Jibingxin Han
Given the urgency with which the central bank is pursuing both RMB internationalization and interest rate reform, we expect the managed float will be abandoned and replaced by…
Chicago Mercantile Exchange to launch USD/CNH options in April
Alex Yang
This is a boost for RMB internationalization, no doubt. CME is the world’s largest regulated FX marketplace and gaining its blessing will boost the attractiveness of holding and trading CNH. But, RMB’s internationalization is a marathon, not a sprint…
PBoC releases wide-ranging measures aimed at further integrating Greater Bay Area financial system
These measures are a playbook to make the GBA the hub for China’s financial engagement with the rest of the world. They also seek to …
PBoC releases Q4 monetary policy report
China’s economic recovery this year depends on a consumption rebound, but the PBoC’s caution adds to concerns that that’s not a shoo-in. With so much at stake, the country’s leaders …
CCDI sets sights on finance, SOEs for 2023
The intensity of Xi Jinping’s anti-corruption campaign has diminished over time, but it has also become more institutionalized, meaning …
Chinese banks roll out trials of single yuan/forex account for settlement, remittances
This trial, now in its second year, has several aims – improve the business environment for MNCs in China, make the mainland a more attractive place for MNCs to set up regional headquarters, and promote the internationalization of the RMB…
PBoC cuts RRR by 0.25%
This cut is all about helping banks help the property sector. In recent weeks
PBoC, SAFE release notice on facilitating Panda bond issuance
David Zhang
Expanding the Panda market is a key component to Beijing’s RMB internationalization goals. For the yuan to become an international currency, foreign firms must be…