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RMB to become world's 3rd largest in middle term

RMB to become world’s

3rd largest in middle term

By Wu Xintao

China’s currency renminbi, or the RMB, is expected to become the world’s third largest currency in the middle term under an optimistic scenario, the International Monetary Institute (IMI) under Renmin University of China (RUC) said on Tuesday of October 14. 243 more words

Business

拉尼.亚卡斯(Rani Jarkas):人民币的过去与未来

中国近年来一直致力于推进人民币国际化。根据环球银行金融电信协会(SWIFT的报告指出,人民币在2013年已成为世界上交易量最大的货币之一,位列交易量排行榜第八位。

2007年7月,中国国家开发银行首次发行了总值6.57亿美元的点心债券。 到2010年7月,仅中国及香港的银行获准发行以人民币计价的债券。而现在,所有的银行都可发行。

2013年10月9日,中欧开启本币互换,人民币国际化跨重要一步。中国人民银行欧洲中央银行(ECB签署了规模为3,500亿元人民币/450亿欧元的中欧双边本币互换协议

英国央行于2013年6月与中国达成了一项英镑与人民币之间的货币互换额度协定,额度上限为人民币2000亿元,成为第一个和中国签订双边本币互换协议的G7成员国 9 more words

Rani Jarkas

Rani Jarkas: History and Future of the Renminbi

Since the late-2000s, China has sought to internationalize its official currency, the Renminbi (RMB). As of 2013, the RMB is the 8th most traded currency in the world… 267 more words

Rani Jarkas

Nikko AM China Onshore Bond Fund (CNH)

On 10 September 2014, Nikko Asset Management (Nikko AM) launched a bond fund called “Nikko AM China Onshore Bond Fund CNH”. It is denominated in CNH (Offshore Renminbi RMB), the offshore equivalent of Chinese Yuan CNY. 319 more words

Financial Management

6 Factors for a Global Financial Reset and Economic Crisis!

Britain to include China’s RMB as foreign currency reserve.

“I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China’s currency. 177 more words

News

RMB cash management in limbo

FX Week recently published an article explaining that RMB cash management remains in limbo as the market awaits PBOC guidelines.  We’ve been hearing the same thing from several sources.  115 more words