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bne IntelliNews on MSNKenya asks China’s approval to convert dollar-denominated $5bn railway loan into yuan
By Brian Kenety Kenya is in talks with China – the East African country’s biggest bilateral lender – to convert a ...
The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 ...
China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy.
Beijing may be mulling plans to boost internationalisation of the country’s currency via yuan-backed tokens in Hong Kong. Use ...
As global rivalries deepen, digital currencies are becoming powerful geopolitical tools. Economist Brunello Rosa warns that ...
ENBD has done privately placed renminbi bonds — two this year worth Rmb700m, according to Dealogic — which gave leads a ...
Chinese EV maker XPeng said Tuesday that it narrowed its losses as revenue more than doubled in the second quarter. XPeng ...
Renminbi vs US dollar: It is no secret that China would like to convert the renminbi into an international currency and move away from the global dominance of the US dollar. While this is often ...
Since 2009, internationalizing the renminbi has been an explicit goal of Chinese policy. Beijing therefore celebrated the renminbi’s addition to the SDR basket as evidence that it was making real ...
Offshore, renminbi centers led by Hong Kong, Singapore and London are now providing a wide range of renminbi hedging and investment products, plus access to raise capital in the "dim sum" bond ...
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