news
HKEX to Study Launch of RMB-Denominated Gold Futures
According to CCTV Finance, Hong Kong SAR's 2026 Policy Address proposed deepening Hong Kong's global offshore RMB business and capital market. HKEX Chief Executive Officer Bonnie Chan said on the 2nd
Guan Tao: On the Economic and Policy Implications of 'Trade Surplus and Capital Outflow'
At present, China's economy continues to operate in a generally stable manner, moving toward new growth and improvement, but the prominent contradiction of strong supply and weak demand remains, and t
RMB Central Parity Appreciation Accelerates, Rising 477 Basis Points in September
Xinhua Finance, Beijing, September 30 — The RMB central parity rate against the US dollar was raised by 60 points to 6.7351 on the 30th, the strongest level since February 2, 2023, gaining 477 basis p
RMB: From 'Going Out' to 'Staying Put' - International Finance Observer (Sept 30)
Recently, the People's Bank of China released its "2026 RMB Internationalization Report," disclosing a set of impressive figures: in 2025, banks' RMB cross-border receipts and payments on behalf of cl
PBOC to Conduct 1.2 Trillion Yuan Outright Reverse Repo Operation on October 8 with a Three-Month Term
The People's Bank of China (PBOC) announced on September 30 that it will conduct a 1.2 trillion yuan outright reverse repo operation on October 8 through a fixed-quantity, interest-rate tender with mu
RMB Spot Rate Gains Over 4% Against the Dollar in First Three Quarters; What Lies Ahead?
In the first three quarters of this year, the RMB central parity rate and spot rate against the US dollar appreciated by nearly 4.18% and 4.06% respectively.On the last trading day of September, the R
RMB Internationalization Advances Steadily as Financial Account Outflows and Current Account Inflows Form a Virtuous Cycle: CASS's Zhang Ming
As changes quietly unfold in the international monetary system and multipolarity becomes a continuing topic of discussion among markets and academia, new paths for RMB internationalization are drawing
Rising US Treasury Yields Fail to Shake RMB Stability as Current Account Takes Over Exchange-Rate Pricing
Since 2026, pricing power over the exchange rate has shifted to the current account, which has become the underlying logic of the RMB's basic stability in this cycle.By Liao ZongkuiThe Federal Reserve
SAFE: China's External Debt Situation Remained Generally Stable in Q2 2026, Balance Up 4% to $2.50 Trillion
Li Bin, Deputy Administrator of the State Administration of Foreign Exchange (SAFE) and the agency's spokesperson, answered reporters' questions on China's external debt data as of the end of June 202
PBOC Refines Monetary Policy Tools: Cuts PSL Rate by 25 bps, Expands Relending Quotas for Tech Innovation and Small Businesses
To implement the guidance of the meeting of the Political Bureau of the CPC Central Committee and the deployment of the State Council executive meeting, and to carry out a moderately loose monetary po