New pact designates a new yuan clearing bank, boosts cross-listings and expands green finance, accelerating the international use of China’s currency.

Analysts say Beijing’s currency strategy reflects broader ambitions to reshape global financial power and insulate its economy from sanctions risk - Anadolu Ajansı ...

On the wholesale side, the lack of a widely available euro-denominated asset to settle transactions using distributed ledger ...

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar. Geopolitical uncertainty – ...

The Chinese yuan must become a global reserve currency, President Xi Jinping has said. The yuan (renminbi) became the second most-used trade finance currency after the dollar following the escalation ...

China’s tech firms JD.com and Ant Group have proposed to the country’s central bank to allow the launch of stablecoins in Hong Kong pegged to its offshore yuan. Both companies believe the initiative ...

Argentina’s Central Bank Governor Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to meet with People’s Bank of China Governor Pan Gongsheng in Beijing on Monday.

Spurred on by these legal developments, JPMorgan’s momentous move to introduce secured financing products backed by ...

It was already known that the US dollar has been under pressure as a global reserve currency for some time. But China has now announced an ambitious plan to concretely undermine the dominance of ...

China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Tuesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.

Pan American World Airways and technology provider Amadeus have signed a letter of agreement to support the return of the iconic carrier to scheduled service. The renewed Pan Am has selected Amadeus ...