Hong Kong expands digital RMB acceptance in retail settings
Wing Lam
E-CNY retail uptake in Hong Kong will remain modest – much like in the mainland – as existing payment options are already efficient and ubiquitous…
Browsing Category
RMB internationalization
22 posts
PBoC vows to reduce policy inconsistencies hindering cross-border RMB transactions, and expand e-CNY’s role
Beijing sees a window of opportunity to expand the RMB’s global footprint – and is crafting a more coherent strategy to make it happen…
Hong Kong issues roadmap to broaden offshore yuan usage
Hong Kong’s move came just a day before the People’s Bank of China widened access to China’s onshore repo market – a coordinated push to make RMB assets more accessible…
Hong Kong to expand RMB trade finance support
Hong Kong has long been a leading center for trade and corporate finance, but the lion’s share of these transactions has been denominated in US dollars…
SAFE rolls out forex reforms to attract FDI
Easing administrative burdens and investment curbs are critical to attracting and retaining FDI. But with intensifying competition from domestic Chinese competitors and rising geopolitical risks…
Hong Kong commits to boosting offshore RMB liquidity and usage
Lowering funding costs and increasing investment avenues are both essential for expanding the RMB’s international reach…
PBoC relaxes cross-border interbank financing rules to promote offshore RMB liquidity
More interbank lending capacity should help support trade settlement and offshore bond issuance, supporting Beijing’s longer-term effort to deepen offshore RMB pools, which remain shallow relative to Beijing’s internationalization ambitions…
China, Indonesia expand local currency settlement links
David Zhang
By promoting the use of local currencies in both capital markets and everyday retail investments, Beijing is slowly…
Australian miner Fortescue receives record yuan-denominated loan
Boosting the yuan’s role in cross-border financing is critical to Beijing’s RMB internationalization drive. The “closed-loop” arrangement will also…
Central bank signals stable monetary policy, RMB internationalization focus in H2
RMB internationalization isn’t a side project – it is a strategic priority to reduce China’s dollar dependence and…