Chinese currency
Coverage of Chinese currency in the Nexus archive.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota, enhancing the use of the Chinese currency in global business. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at the Shanghai three-month interbank offered rate.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota to enhance global yuan usage. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at lower Shanghai interbank rates.
- European Central Bank’s President Lagarde urges talks on yuan undervaluation
European Central Bank President Christine Lagarde urged global leaders to address the undervaluation of the Chinese currency as part of global economic imbalances. China denies manipulating its currency for trade advantage, but its trade surpluses and macroeconomic mismatches are concerns for G7 nations.
- European Central Bank’s President Lagarde urges talks on yuan undervaluation
European Central Bank President Christine Lagarde urged global leaders to discuss the undervaluation of the Chinese currency as a global economic imbalance. China denies manipulating its currency, but its trade surpluses are among macroeconomic issues concerning G7 leaders alongside US deficits and European challenges.
- How global can the yuan get?
The article discusses the potential for the Chinese yuan to gain global traction, noting that geopolitical tensions (referred to as 'anxiety of war') have positively impacted its adoption.