Open Questions | US economist Barry Eichengreen on reality of de-dollarisation and next currency reshuffle
Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems.…
China pledges support for trading of treasury bond futures in Hong Kong
China will double down on its support for Hong Kong as a global hub for the offshore yuan,…
Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in ‘Stage 3.0’: ex-HKEX boss Charles Li
Charles Li Xiaojia, the longest-serving CEO of Hong Kong Exchanges and Clearing (HKEX), defined a decade of city…
Petroyuan will mature in bursts of crisis
The petroyuan — oil and energy trades settled in Chinese yuan rather than US dollars — is not…
UAE officials warned they may be forced to use yuan or other currencies if they run low on dollars
The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade…
China’s yuan settlements hit record, and the Iran conflict is looking like a catalyst
Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment…
China’s yuan may be going global faster than Western data suggests, analysts say
This could help explain the gap between Beijing’s official narrative – which describes the yuan as the world’s…
As global yuan use expands, questions resurface about China’s world-leading forex reserves
A report from a leading Beijing university has revived discussions about the “optimal size” of China’s foreign exchange…
China’s financial superpower ambitions get legal backing at ‘two sessions’
In its work report delivered on Monday, the National People’s Congress Standing Committee, the country’s top legislative body,…
China fires back at currency-depreciation claims, denies using weak yuan to boost exports
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
China Dreams of Challenging US Dollar Supremacy
President Xi Jinping has set his sights on a “powerful” currency befitting China’s growing stature on the world…