Xi Jinping calls for China’s renminbi to attain global reserve currency status

Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions ...

Xi signals push for yuan reserve status as Beijing eyes bigger role in global finance

Xi Jinping pushes renminbi as a global trade and reserve currency; learn what reforms, market shifts and risks mean for ...
Chatham House

China’s $1.2 trillion trade surplus will increase calls for a stronger renminbi. Don’t expect much

A stronger currency may be coming but policymakers in Beijing face two dilemmas that will limit their appetite for exchange rate appreciation.
China Daily Global Edition

PBOC cuts forex ratio to further bolster RMB

Guan Tao, global chief economist at BOC International, said: "The cut has reinforced the policy signal of stabilizing the ...

CFETS RMB Exchange Rate Index Sees Weekly Decline: Key Insights

The CFETS RMB Exchange Rate Index is a key indicator that measures the value of the Chinese yuan against a basket of currencies from its major trading partners. A decrease in this index suggests a ...
Euromoney

Rising dollar makes renminbi second-most overvalued currency

As G10 currencies follow their divergent paths, with the dollar gradually strengthening as the euro and yen decline, the question of the Chinese renminbi’s value is coming under increasing scrutiny.

CFETS RMB Exchange Rate Index Declines: Key Insights and Implications

The CFETS RMB Exchange Rate Index is a vital indicator used to measure the value of the Chinese Yuan against a basket of foreign currencies. A decrease in this index suggests a weakening of the Yuan ...

FirstFT: Xi Jinping calls for China’s renminbi to become global reserve currency

Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambition for China’s legal tender to play a greater role in the international ...