China’s central bank has appointed Deutsche Bank to be the first European clearing house for renminbi as Beijing seeks to increase the international use of its currency. The People’s Bank of China ...

The debate about the renminbi’s global rise usually gets the sequencing wrong. It treats internationalisation as a single ascent, with reserve-currency status at the summit.

The yuan’s recent calm run may be nearing an end as September approaches, with typically strong fall exports and other seasonal factors expected to lift the Chinese currency, analysts say.Most Read fr ...

Beijing banned offshore yuan stablecoins in February 2026, Hong Kong licensed only HKD coins, and Tether shut CNH₮ at $3M.

RMB asset stability and value over the long term have been widely recognized in global financial markets. The RMB's role in ...

Chinese President Xi Jinping has explicitly revealed his ambition to make the yuan a second key global reserve currency challenging the U.S. dollar’s dominance, drawing attention to whether the yuan’s ...

For China's yuan to be used more globally, the currency needs more "applications" such as stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

Add Yahoo as a preferred source to see more of our stories on Google. The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be ...

PBOC authorizes Deutsche Bank as RMB clearing bank in Frankfurt, expanding China's yuan infrastructure in Europe alongside the Bank of China.

Chinese authorities reportedly told state-run banks to intervene in currency markets this week to limit volatility.

The RMB's share in global payments stood at 4.61 percent last month, up from 3.6 percent in October. The value of payments ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.