RMB internationalization Archives - Trivium Finance Regs - China financial regulations

Financial regulators issue plan to advance Shanghai’s development as international financial center, focus on RMB internationalization

David Zhang
Posted on April 23, 2025May 2, 2025

There is no quick path to RMB internationalization. Progress depends on a gradual build-out of institutional frameworks, market incentives, and…

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China grants Mastercard license for RMB bank card clearing operations

Rebecca Huang
Posted on November 17, 2023November 28, 2023

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SAFE to expand cross-border forex management pilot

Xiaorui Zhang
Posted on July 28, 2023

A gradual opening of the capital account hits two of China’s longer-term ambitions. It furthers the internationalization of the RMB and strengthens financing avenues for China’s tech self-reliance drive…

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Fang Xinghai delivers speech highlighting financial reform and opening progress

Xiaorui Zhang
Posted on June 22, 2023June 22, 2023

In his speech, Fang talked a lot about what has been done and said nothing about what will be done. In regards to the opening policies that Fang mentioned, we expect more experimentation with RMB internationalization through Hong Kong capital markets and that select Chinese companies will continue to raise capital via GDRs…

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19 Hong Kong-listed firms have applied for their stocks to trade in RMB

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Posted on May 4, 2023

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

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Posted on May 4, 2023

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.

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Yi Gang reiterates PBoC’s aim to loosen control of RMB exchange rate

Jibingxin Han
Posted on April 20, 2023April 19, 2023

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…

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Chicago Mercantile Exchange to launch USD/CNH options in April

Alex Yang
Posted on March 10, 2023March 10, 2023

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…

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Chinese banks roll out trials of single yuan/forex account for settlement, remittances

Alex Yang
Posted on February 17, 2023

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…

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PBoC, SAFE release notice on facilitating Panda bond issuance

David Zhang
Posted on December 5, 2022

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…

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