Tag #Renminbi

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spanish.china.org.cn

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Sep 24, 10:21

Chinese Yuan Gains Traction in Argentina: Bank of China Event Highlights Growing Use

A Bank of China event in Buenos Aires showcased the increasing internationalization of the Chinese Yuan and its potential for facilitating cross-border transactions between Chinese and Argentine companies, with Telecom Argentina highlighting its positive experience using Yuan financing.

Chinese Yuan Gains Traction in Argentina: Bank of China Event Highlights Growing Use

A Bank of China event in Buenos Aires showcased the increasing internationalization of the Chinese Yuan and its potential for facilitating cross-border transactions between Chinese and Argentine companies, with Telecom Argentina highlighting its positive experience using Yuan financing.

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How has the Bank of China supported the increased use of the Chinese Yuan in Argentina, and what services were showcased?

The Bank of China is the only bank in Argentina offering automated Renminbi settlement. The event showcased its services including international transfers in Yuan, letters of credit, currency exchange, and swap operations to support cross-border investments and trade finance. The bank also highlighted innovative products designed to aid companies expanding globally using the Renminbi.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 23, 07:14

Surge in Foreign Investment Reverses Outflow in China's Capital Markets

In the first five months of 2024, foreign investment in China's securities market reached approximately $33 billion, reversing a net outflow from the second half of 2023, driven by China's economic strength, opening-up policies, and global investors seeking diversified renminbi assets.

Surge in Foreign Investment Reverses Outflow in China's Capital Markets

In the first five months of 2024, foreign investment in China's securities market reached approximately $33 billion, reversing a net outflow from the second half of 2023, driven by China's economic strength, opening-up policies, and global investors seeking diversified renminbi assets.

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What is the immediate impact of the surge in foreign investment into China's capital markets?

Foreign investment in China's securities market surged to approximately $33 billion in the first five months of 2024, reversing a net outflow from the latter half of 2023. This inflow is particularly strong in the stock market, with a net increase of $18.8 billion in holdings during May-June alone.

usa.chinadaily.com.cn

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Jul 23, 07:14

China Sees $33 Billion Surge in Foreign Investment in First Five Months of 2024

Foreign investment in China's securities market surged to approximately $33 billion in the first five months of 2024, reversing a net outflow from the second half of 2023, driven by economic resilience, opening-up policies, and demand for renminbi assets.

China Sees $33 Billion Surge in Foreign Investment in First Five Months of 2024

Foreign investment in China's securities market surged to approximately $33 billion in the first five months of 2024, reversing a net outflow from the second half of 2023, driven by economic resilience, opening-up policies, and demand for renminbi assets.

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What factors contribute to the increased attractiveness of renminbi-denominated assets for global investors?

This renewed foreign investment reflects China's economic resilience, ongoing market opening policies, and growing global demand for renminbi-denominated assets to diversify portfolios. A survey shows 30 percent of central banks plan to increase renminbi asset allocation, driven by the currency's stability and China's improved market access.

europe.chinadaily.com.cn

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Jul 21, 07:11

China further cuts US debt holdings to lowest since 2009

China decreased its US Treasury holdings to $756.3 billion in May, the lowest level since 2009, to reduce reliance on US debt and mitigate risks from geopolitical tensions and growing US fiscal deficits; this is part of a broader strategy to diversify foreign exchange reserves and advance renminbi i...

China further cuts US debt holdings to lowest since 2009

China decreased its US Treasury holdings to $756.3 billion in May, the lowest level since 2009, to reduce reliance on US debt and mitigate risks from geopolitical tensions and growing US fiscal deficits; this is part of a broader strategy to diversify foreign exchange reserves and advance renminbi i...

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What is the primary driver behind China's decision to further reduce its holdings of US government debt?

China is strategically reducing its holdings of US Treasury securities, lowering them to \$756.3 billion in May, the lowest since February 2009. This move aims to mitigate risks associated with overreliance on US debt and potential economic losses from geopolitical tensions. The decrease bucks the overall trend of increased foreign holdings in US debt.

europe.chinadaily.com.cn

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Jul 21, 07:11

Stablecoins: A Challenge and Opportunity for Global Monetary Systems

The US Senate passed the GENIUS Act to regulate stablecoins, potentially strengthening the dollar globally; China plans a dual strategy of promoting the renminbi while developing offshore renminbi-backed stablecoins via Hong Kong.

Stablecoins: A Challenge and Opportunity for Global Monetary Systems

The US Senate passed the GENIUS Act to regulate stablecoins, potentially strengthening the dollar globally; China plans a dual strategy of promoting the renminbi while developing offshore renminbi-backed stablecoins via Hong Kong.

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How will the rise of stablecoins impact the global monetary system and the role of sovereign currencies?

Stablecoins, cryptocurrencies pegged to fiat currencies, offer fast, cheap transactions via blockchain. The US Senate's GENIUS Act aims to regulate them, potentially boosting the dollar's global influence by creating demand for US Treasury debt.

africa.chinadaily.com.cn

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Jul 8, 07:16

China Leverages Digital Technologies to Boost Global Competitiveness Amidst Economic Growth Challenges

At the 2025 ZGC Forum in Beijing, leading economists discussed China's use of digital platforms to help SMEs expand overseas and its pursuit of institutional opening-up to gain global competitiveness, also addressing challenges to economic growth and proposing fiscal reforms.

China Leverages Digital Technologies to Boost Global Competitiveness Amidst Economic Growth Challenges

At the 2025 ZGC Forum in Beijing, leading economists discussed China's use of digital platforms to help SMEs expand overseas and its pursuit of institutional opening-up to gain global competitiveness, also addressing challenges to economic growth and proposing fiscal reforms.

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How is China using digital technologies and institutional reforms to enhance its global economic competitiveness, and what are the immediate impacts of this strategy?

China is leveraging digital platforms to assist SMEs in expanding globally and is pursuing institutional reforms to enhance its competitiveness in the digital era. This strategy involves promoting the internationalization of the digital yuan and exploring renminbi-pegged stablecoins in Hong Kong to boost the renminbi's global standing.

german.china.org.cn

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Jul 23, 10:16

\$33 Billion Inflow into China's Securities Markets in 2025

Driven by economic stability and market reforms, China's securities markets experienced a \$33 billion net inflow in the first five months of 2025, with foreign investors adding \$10.1 billion in domestic stocks, reversing a two-year outflow trend; this reflects global investors' growing interest in...

\$33 Billion Inflow into China's Securities Markets in 2025

Driven by economic stability and market reforms, China's securities markets experienced a \$33 billion net inflow in the first five months of 2025, with foreign investors adding \$10.1 billion in domestic stocks, reversing a two-year outflow trend; this reflects global investors' growing interest in...

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How has the Chinese government's policy of market opening contributed to the increase in foreign investment?

China's growing attractiveness to foreign investors is driven by a combination of factors: stable economic growth, ongoing market liberalization, and a global search for diversification and higher yields. The Renminbi's stability and independent return profile are particularly attractive, as evidenced by 30 percent of global central banks planning to increase their Renminbi holdings. This trend reflects a shift in global investment strategies away from volatile markets.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 23, 07:14

Foreign Investment in China's Capital Markets Surges

In the first five months of 2024, foreign investment in China's securities market surged to approximately $33 billion, reversing a net outflow from the second half of 2023, driven by China's economic resilience, opening-up policies, and growing global demand for renminbi assets.

Foreign Investment in China's Capital Markets Surges

In the first five months of 2024, foreign investment in China's securities market surged to approximately $33 billion, reversing a net outflow from the second half of 2023, driven by China's economic resilience, opening-up policies, and growing global demand for renminbi assets.

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What factors are driving this renewed foreign investment in China's securities market?

This surge is driven by China's economic resilience, opening-up policies, and global investors' demand for diversified assets and renminbi-denominated investments. A survey shows 30 percent of central banks plan to increase renminbi asset allocation, reflecting growing international confidence.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 21, 10:12

Stablecoins: A Challenge to Sovereign Currencies

The US Senate passed the GENIUS Act to regulate stablecoins, aiming to modernize dollar payments and enhance its global standing, while China plans a dual strategy of promoting the renminbi and developing offshore renminbi stablecoins.

Stablecoins: A Challenge to Sovereign Currencies

The US Senate passed the GENIUS Act to regulate stablecoins, aiming to modernize dollar payments and enhance its global standing, while China plans a dual strategy of promoting the renminbi and developing offshore renminbi stablecoins.

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What is the strategic significance of the US Senate's proposed stablecoin legislation for the global financial landscape?

Stablecoins enhance cross-border payments and reduce costs, potentially eroding sovereign currencies' role. However, they cannot replace sovereign currencies completely, as national monetary sovereignty remains paramount. The US is leveraging stablecoins to strengthen the dollar's global position.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 21, 07:11

Stablecoins: A US Dollar Play and China's Dual Strategy

The US Senate passed the GENIUS Act, aiming to regulate stablecoins; this move could strengthen the US dollar globally, while China plans a dual strategy of promoting the renminbi and developing renminbi-backed stablecoins via Hong Kong.

Stablecoins: A US Dollar Play and China's Dual Strategy

The US Senate passed the GENIUS Act, aiming to regulate stablecoins; this move could strengthen the US dollar globally, while China plans a dual strategy of promoting the renminbi and developing renminbi-backed stablecoins via Hong Kong.

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How will the regulation of stablecoins, such as through the US GENIUS Act, impact the global monetary system and the dominance of national currencies?

Stablecoins, cryptocurrencies pegged to fiat currencies, offer fast, cheap transactions via blockchain. The US Senate's GENIUS Act aims to regulate them, potentially boosting the US dollar's global influence by integrating stablecoins into the existing financial system.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 8, 07:16

China Leverages Digital Platforms to Boost Global Competitiveness

Economists at the 2025 ZGC Forum in Beijing highlighted China's use of digital platforms to help smaller businesses expand overseas and promote institutional opening-up, creating new competitive advantages. They also stressed the need for fiscal reforms to stabilize economic growth and explored deve...

China Leverages Digital Platforms to Boost Global Competitiveness

Economists at the 2025 ZGC Forum in Beijing highlighted China's use of digital platforms to help smaller businesses expand overseas and promote institutional opening-up, creating new competitive advantages. They also stressed the need for fiscal reforms to stabilize economic growth and explored deve...

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How is China using digital technologies to build new global competitive advantages, and what are the immediate impacts?

China is leveraging digital platforms to assist SMEs in expanding globally and enhance institutional openness, creating new competitive advantages in the context of digital globalization, according to economists at the 2025 ZGC Forum in Beijing. This strategy is reshaping cross-border e-commerce and the international division of labor.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 3, 07:15

Hong Kong Ordinance Opens Door for China's Renminbi-Backed Stablecoins

Hong Kong's new Stablecoins Ordinance, effective August 1, creates a legal pathway for offshore renminbi-backed stablecoins, potentially increasing China's global financial influence, while the US Senate passed the GENIUS Act to regulate stablecoins domestically.

Hong Kong Ordinance Opens Door for China's Renminbi-Backed Stablecoins

Hong Kong's new Stablecoins Ordinance, effective August 1, creates a legal pathway for offshore renminbi-backed stablecoins, potentially increasing China's global financial influence, while the US Senate passed the GENIUS Act to regulate stablecoins domestically.

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What are the immediate implications of Hong Kong's new Stablecoins Ordinance on China's role in the global digital currency landscape?

Hong Kong's new Stablecoins Ordinance, effective August 1, provides a legal framework for renminbi-backed stablecoins, potentially boosting China's influence in the global digital currency market. This follows the US Senate's passage of the GENIUS Act, aiming to regulate stablecoins domestically. Experts see this as a strategic move by China to participate in emerging financial innovations while managing risks.

Showing 1 to 12 of 20 results