renminbi

The SAR’s financial secretary re-emphasised the city’s role as an offshore Renminbi business hub during a presentation, not long after Hong Kong's 2024-25 budget.

HKMA and the PBOC to further support the expansion of use cases of the digital yuan in Hong Kong, targeting local consumers and travellers.

How long will the renminbi stay on the weak side as the China-US rate paths diverge? Has the currency been undervalued? Fund managers have different views.

The move reduces exchange-rate risk and could encourage the accumulation of renminbi funds overseas over time, observers believe.

The Russian president sees a rapid pace of growth of settlement in national currencies between China and Russia. The Silk Road Fund flagged investments to come in infrastructure, agriculture and transport.

Issuance of US dollar bonds out of China declined after the US threatened more tariffs on Chinese goods. But investors are pinning their hopes on upcoming talks between US president Donald Trump and Chinese president Xi Jinping.

Foreign investors are buying more onshore Chinese debt, but currency worries remain a drag on the market.

China’s foreign exchange regulator is clamping down on the ability of companies to move money offshore.