#Renminbi

@breakbulk.bsky.social

4 days ago

Opinion | When the Dollar Sneezes, Global Shipping Catches a Cold. #Trump's tariff chaos isn't just an economics story. For the #maritime and #logistics industry, dollar instability and policy whiplash translate directly into disrupted supply chains, rising costs, and a slow drift toward the #renminbi.

#Trump's tariff chaos isn't just an economics story. For the #maritime and #logistics industry, dollar instability and policy whiplash translate directly into disrupted supply chains, rising costs, and a slow drift toward the #renminbi.

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RalfGrahn

@ralfgrahn.bsky.social

1 month ago

Kinas nya offensiv i valutakriget - Radiokorrespondenterna Kina Trumps återkomst har gett Peking ett gyllene tillfälle att utmana dollarn. Kina pratar nu om ett multipolärt valutasystem.

#valuta #renminbi
Trumps återkomst har gett Peking ett gyllene tillfälle att utmana dollarn. Kina pratar nu om ett multipolärt valutasystem.
SR Radiokorrespondenterna Kina (27 min)
www.sverigesradio.se/avsnitt/kina...

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@vale-andre.bsky.social

1 month ago

La Cina ha trascorso oltre un decennio cercando di integrare il #renminbi nei mercati internazionali e garantirne la stabilità come valuta globale.
Solo recentemente ha iniziato a raccoglierne i frutti grazie alle crescenti preoccupazioni internazionali relative a Trump.

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Bartapest

@bartapest.bsky.social

1 month ago

The Yuan and only? The undisputed hegemony of the U.S. dollar has long been the bedrock of the global financial architecture, but the foundations are…

No, the #renminbi is not going to replace the U.S. #dollar as the world's leading currency: bigtrendsguy.medium.com/the-yuan-and... #Xi #China #currency #Trump #trade

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Business AM

@businessam.bsky.social

1 month ago

China daagt dominantie van Amerikaanse dollar uit met stijgende renminbi Key takeaways De Amerikaanse dollar heeft lange tijd een dominante positie ingenomen in het mondiale financiële stelsel, als belangrijkste valuta voor internationale transacties en als veilige haven voor beleggers. De recente geopolitieke onzekerheid en het gewijzigde economische beleid onder president Donald Trump hebben echter ruimte gecreëerd voor potentiële uitdagers, waaronder de Chinese renminbi. Dat schrijft […]

China daagt dominantie van Amerikaanse dollar uit met stijgende renminbi #China #Renminbi #Dollar #DeDollarisering #FinancieelSysteem

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Business AM - FR

@businessam-fr.bsky.social

1 month ago

La Chine remet en cause la domination du dollar américain avec la hausse du renminbi Principaux renseignements Le dollar américain règne depuis longtemps en maître sur le système financier mondial, servant de monnaie principale pour les transactions internationales et de valeur refuge pour les investisseurs. Cependant, les récentes incertitudes géopolitiques et les changements de politique économique sous la présidence de Donald Trump ont ouvert la voie à de nouveaux challengers […]

La Chine remet en cause la domination du dollar américain avec la hausse du renminbi #Chine #DollarAmericain #Renminbi #MonnaieDeRéserve #ÉconomieMondiale

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bne IntelliNews

@intellinews.com

1 month ago

Xi calls for renminbi to become a global reserve currency President Xi Jinping issued his strongest call yet for China’s renminbi to become a global reserve currency and compete head-on with the dollar.

President Xi Jinping issued his strongest call yet for China’s renminbi to become a global reserve currency and compete head-on with the dollar. Bne IntelliNews #Renminbi #GlobalReserveCurrency #XiJinping #ChinaEconomy #DollarCompetition

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Mike NC

@mike1545.bsky.social

1 month ago

Xi Jinping calls for China’s renminbi to attain global reserve currency status Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex

🚨MAJOR FINANCIAL NEWS: President Xi calls for China to build a “powerful currency” that can be “widely used in international trade, investment, and foreign exchange markets, and to attain reserve currency status”.

#China #BRICS #renminbi

www.ft.com/content/c948...

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Bart

@bart.eurosky.social

1 month ago

Though necessary, this will not happen overnight. China will really have to open up its market. Has the recent purge got anything to do with this...?
#dollar #renminbi #reservecurrency #markets #finance #xi #trump #econbsky

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GLOBAL Visibility aéPiot - by aePiot.ro

@globalvisibility.bsky.social

2 months ago

www.ipaddress.com/website/head...

better-experience.blogspot.com/2026/01/from...

#BREE #SHARP
headlines-world.com/advanced-sea...
#CHARLES #WEBSTER #HISTORIAN OF #MEDICINE
multi-search-tag-explorer.aepiot.ro/advanced-sea...
#RENMINBI
aepiot.com/advanced-sea...
allgraph.ro

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the deep dive

@thedeepdive.ca.web.brid.gy

2 months ago

De-Dollarization? Zambia Starts Accepting Mining Taxes In Yuan Zambia has started receiving mining royalties and taxes in renminbi from Chinese mine operators, shifting part of a key government revenue stream from a dollar-only constraint into a dual-currency channel tied to copper exports to China. Payments using yuan began in October, the Bank of Zambia said, claiming it is the first African authority to […] The post De-Dollarization? Zambia Starts Accepting Mining Taxes In Yuan appeared first on the deep dive.

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Don Porqué

@donporque.bsky.social

3 months ago

¿Por qué la inflación en China sube al 0,7% en noviembre? China registra IPC del 0,7% en noviembre, máximo en 21 meses, con PPI en -2,2%. Análisis y efectos en Europa y claves de política económica. La inflación de consumo en China repuntó en noviembre hasta...

¿Por qué la inflación en China sube al 0,7% en noviembre?
#China #IPC #Inflación #Economía #PPI #PolíticaMonetaria #PBOC #Renminbi #Eurozona #España #10dediciembre #felizmiercoles #Crecimiento #Mercados
donporque.com/inflacion-en...

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acemaxx analytics

@acemaxx.bsky.social

3 months ago

#FX
The depreciation of the #renminbi, in line with the dollar and against the #euro, has also boosted the competitiveness of #Chinese exports and added to its trade surplus with the #EU - chart @financialtimes.com www.ft.com/content/b9bf...

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Nukta

@nukta.com.web.brid.gy

3 months ago

Pakistan eyes first Panda bond issue before February 2026 Pakistan is eyeing the issue of its first Panda bond before February 2026 in a bid to re-enter the global capital market and raise funds to plug its financing gap. Initially, Pakistan plans on issuing $250 million in Panda Bonds in the Chinese market. The move is part of a broader program with a total ceiling of $1 billion equivalent in RMB. The Ministry of Finance has secured the support of two major multilateral institutions for the bond. The Asian Development Bank (ADB) will provide a guarantee of up to $160 million, while the Asian Infrastructure Investment Bank (AIIB) will provide up to $125 million. In an interview with Arab News, Finance Minister Muhammad Aurangzeb said the credit enhancement has been approved by the ADB, while the AIIB is expected to follow shortly. He said regulatory clearances with China’s central bank and securities regulator were also progressing. “I’m very clear we have to get it [Panda bond] done before the Chinese New Year,” the publication quoted Aurangzeb as saying. “So, it’s not late into 2026. It’s certainly well before CNY, which is going to be in February of this year.” #### Taxation reforms The minister also talked about Pakistan’s falling inflation, which has come down from a record level of around 40% in 2023 to around 6.2% in October. Aurangzeb said falling inflation could result in a further reduction in the interest rate. “If the inflation stays range-bound… the policy rate, during this fiscal year, can move into single digit,” he said about the policy rate, which is currently at 11%. On taxation, the minister acknowledged that Pakistan’s tax base has been narrow, calling it “one of the biggest structural constraints” on the economy. Pakistan’s narrow tax base results in lower tax collection, which forces the government to impose further taxes on the formal sector, making the cost of doing business in the country unsustainable. According to data, Pakistan’s tax collector, the Federal Board of Revenue (FBR), fell short of its monthly collection target by PKR 74 billion in October. The authority provisionally collected PKR 952 billion in October, short of its monthly target of PKR 1,026 billion. Aurangzeb told Arab News the tax-to-GDP ratio has increased to around 10.2% and the government was targeting 11% through a mix of enforcement, technology and inclusion of new sectors. He said agriculture, retail and real estate made up a large share of Pakistan’s economy but contributed disproportionately to the overall revenue collection. “These are three areas which have been contributing very handsomely to the GDP, but have not been contributing to the exchequer in the same proportion.” He pinned his hopes on the legislation on agriculture taxation passed by the provinces to generate revenue from the sector. He stressed that enforcement would be gradual but the legislative breakthrough alone represented a historic correction to Pakistan’s tax architecture. “First I was being told this can never be done,” he said. “It’s been done. Now people tell me it can’t be collected. Okay, one thing at a time.” He said the government not only wants to raise revenue but address the structural imbalance that places a “disproportionate burden” on manufacturing and salaried workers.

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the deep dive

@thedeepdive.ca.web.brid.gy

5 months ago

BHP Adopts Renminbi To Settle China Spot Iron Ore Sales BHP Group will begin settling 30% of its spot iron-ore sales to China in renminbi from Q4 2025, a quiet but consequential currency shift. The commercial significance is clear in iron-ore market structure. Fifteen years ago, then-CEO Marius Kloppers moved the trade off the annual benchmark and onto spot index pricing, which effectively anchored settlements […] The post BHP Adopts Renminbi To Settle China Spot Iron Ore Sales appeared first on the deep dive.

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Tomorrow’s Affairs

@tmrwsaffairs.bsky.social

5 months ago

What lies behind the incremental rise in renminbi borrowing? The decision to borrow in renminbi, is about navigating the trade-off between reducing borrowing costs in the short term and managing long-term repayment risks

The #renminbi ’s incremental rise reflects both changing economic conditions and growing geopolitical ambitions - By
Paola Subacchi
tomorrowsaffairs.com/what-lies-be...
@projectsyndicate.bsky.social
#USDollar

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@desderamona.bsky.social

6 months ago

Chinese renminbi strongest against dollar since Trump’s election win Rally comes after years of weakening and is seen as signal that Beijing will allow gradual appreciation

“… China also has long-standing ambitions to increase the international usage of the renminbi. At a time of volatility in the dollar, the country’s policy of a stable, gradually strengthening #currency sends a signal to global investors.”

#renminbi
#dollar
#ddrm
www.ft.com/content/3925...

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@desderamona.bsky.social

6 months ago

Chinese renminbi strongest against dollar since Trump’s election win Rally comes after years of weakening and is seen as signal that Beijing will allow gradual appreciation

‘Chinese renminbi strongest against dollar since Trump’s election win’

‘Rally comes after years of weakening and is seen as signal that Beijing will allow gradual appreciation’

#dollar
#renminbi
#MAGA
#ddrm
www.ft.com/content/3925...

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Oesterreichische Nationalbank

@oenb.at

6 months ago

eine Gruppe von Leuten, die an einem Tisch sitzt

Jenseits der Vormachtstellung des US-Dollars: Was kommt als Nächstes?

@josephestiglitz.bsky.social, Robert Holzmann und Andreas Treichl diskutieren über #Euro, #Renminbi und die Folgen für Stabilität, Geldpolitik und Zusammenarbeit.

👉 https://bit.ly/4n0zcxw

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Crypto Economy

@cryptoeconomy.bsky.social

6 months ago

Reuters: China Prepares Plan for Renminbi Expansion via Stablecoins - Crypto Economy China is reportedly preparing to launch yuan-pegged stablecoins as part of a broader strategy to boost the renminbi’s global role.

💥 China considers yuan-backed stablecoins to globalize renminbi 📢

China’s State Council is reviewing a plan to launch yuan-pegged stablecoins to boost the global adoption of its currency.

#China #Stablecoins #Renminbi #Internationalization #DigitalCurrency

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Financial World, the magazine of LIBF

@financialworld.bsky.social

6 months ago

China is expanding into digital currencies, hoping to promote use of its 'people's money' 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 and challenge the overwhelming sway of...

China is expanding into digital currencies, hoping to promote use of its 'people's money'

finance.yahoo.com/news/china-e...

#China #CBDC #payments #financialservices #tech #stablecoin #yuan #renminbi #trade #dollar #ReserveCurrency #currency

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Policy Center for the New South

@policycenterns.bsky.social

6 months ago

De-Dollarization, Local Currencies, And External Financial Defense The international monetary system has been dominated by the U.S. dollar since the Second World War. The hegemony of the greenback cut across the end of the dollar exchange standard established by the ...

💰The intl monetary system has been dominated by the U.S. #dollar since the 2nd World War. But w/ the #euro & the #renminbi gaining ground through local currency #trade & financial safety nets, could this hegemony be sustainably challenged?
www.policycenter.ma/publications...

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CTrend FX - Algorithmic Trading Solutions

@ctrendfx.bsky.social

6 months ago

PBOC is expected to set the USD/CNY reference rate at 7.1846 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works: * Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading. * The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives. * Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value. This article was written by Arno V Venter at investinglive.com.

| etsy.me/3RHihSQ | ctrendfx.com #PBOC #USD #CNY #Renminbi #Forex

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Profit Trading USA

@profittradingusa.bsky.social

7 months ago

DBS sees rising demand for yuan settlements from Chinese exporters By Rae Wee and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, Southeast Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi (RMB), or yuan, particularly with counterparts in Latin America and the Middle East, a senior executive said. "Right now, you see the Chinese exporters, some are beginning to ask and say, I’m going to sell in RMB, please settle in RMB," said Han Kwee Juan, speaking to Reuters in his first media interview since becoming DBS’s group head of institutional banking in January. "Is that a trend that will continue? I think that it’s something that they will continue to ask for as they trade more with the rest of the world, outside of the U.S.," he said. The shift comes as decades of unwavering faith in the U.S. dollar’s dominance in global trade and capital flows faces scrutiny. Major emerging market economies are stepping up efforts to trade in local currencies, underscoring efforts to reduce reliance on the dollar in the global financial system. However, Han said that most settlements outside of China remain "largely in dollars". The bank’s subsidiary, DBS China, has been a member of China’s Cross-Border Interbank Payment System (CIPS) since 2015. China launched CIPS in 2015 to promote the yuan’s usage in international trade. It allows global banks to clear cross-border yuan transactions directly onshore, instead of through clearing banks in offshore yuan hubs. DBS’s settlement flows through the CIPS clearing system grew 30% year-on-year in 2024, Han said, though he maintained that the shift toward more yuan-denominated settlements remains gradual. In a wide-ranging interview, Han spoke of how businesses are dealing with the uncertainty over Trump’s tariffs and outlined DBS’s growth strategy in the current economic environment. "One of the things that we have been growing this year is we have been growing our capability for FI clearing," he said. "We have been quite purposeful in terms of investment that we have made in the clearing capabilities." The bank is also looking to capitalise on its institutional banking business to drive its return on equity, which currently stands at 17%, Han said. Last week, DBS posted a quarterly profit that beat estimates, sending its shares to a record high. "By being able to work with the customers holistically, not just with lending, but also with advisory and as well as cash management, enables us to not only just look at lending or (net interest income) as a source of revenue, but really growing our fee-based revenues," Han said. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if DBSM is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe #DBS #YuanSettlements #ChineseExporters #Renminbi #TradeFinance

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Luiz F.C.R.M.Botelho, ACSTH 🇧🇷🇵🇹🇮🇹🇲🇽🇺🇸

@lubashivaya.bsky.social

7 months ago

Chilli Beans's CEO decides to do international business without using dollars.

He's using the @chinamediaproject.bsky.social currency: #renminbi

www.linkedin.com/posts/mlobia...

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acemaxx analytics

@acemaxx.bsky.social

7 months ago

In fact, b/w 2005 and 2007, and again b/w 2010 and 2014, the #renminbi gained 13% against the #dollar, and the trade #surplus with the US widened instead of narrowing.

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@tag-bot.bsky.social

7 months ago

#china-asset-management #chinaamc #hong-kong #renminbi #rmb-tokenized-money-fund #tokenised-money-fund #digital-fund #digital-asset #blockchain #cryptocurrency #institutional-investor #mutual-fund #fund-management #hong-kong-finance #fintech #alternative-investment #asset-management

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VoxEU @ CEPR

@voxeu.org

7 months ago

Graph showing the share of transactions invoiced in renminbi and the share of value invoiced in renminbi for imports from China to Argentina from January 2022 to June 2024. The US dollar has traditionally dominated the invoicing of international trade. But could other currencies one day replace it? This column examines a unique policy experiment in Argentina in 2023. Amid a severe dollar shortage, Argentina expanded its currency swap agreement with the People’s Bank of China. The share of imports from China invoiced in renminbi surged rapidly from zero to nearly 50%, displacing the US dollar. Using rich firm-level data on trade and banking, the authors show that lack of dollar availability and connections with a Chinese state-owned bank played a key role in promoting renminbi use.

Lack of dollar availability & connections with a Chinese state-owned bank played a key role in promoting #renminbi use in Argentina, with the share of imports from China invoiced in renminbi having surged from zero to nearly 50% in 2023.
Felipe Benguria, Dennis Novy
cepr.org/voxeu/column...
#EconSky

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CTrend FX - Algorithmic Trading Solutions

@ctrendfx.bsky.social

8 months ago

PBOC sets USD/ CNY reference rate for today at 7.1475 (vs. estimate at 7.1771) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. Previous close was 7.1780 more to come This article was written by Eamonn Sheridan at www.forexlive.com.

| etsy.me/3RHihSQ | ctrendfx.com #PBOC #CNY #Forex #ExchangeRate #Renminbi

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