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RMB clearing bank to facilitate trade, investment between Laos and China

RMB clearing bank to facilitate trade, investment between Laos and China

October 27, 2023

A renminbi (RMB) clearing bank has opened in Laos to make it easier for businesses and financial institutions in Laos and China to carry out cross-border transactions using RMB and further facilitate bilateral trade and investment.

Barriers to use of renminbi removed

September 28, 2020

Chinese monetary authorities will further remove barriers to use the renminbi in domestic and overseas markets, and strengthen the macro-prudential management of cross-border capital flows, a senior central bank official said on Sunday.

PBOC reassures market after yuan slips to 7 a dollar

MONDAY, AUGUST 05, 2019

Renminbi's exchange rate will remain at a reasonably stable equilibrium, said the central bank on Monday morning, after the currency fell past 7 against the US dollar, the first time since May 2008.

Renminbi exchange rate to increase: report

SATURDAY, JULY 13, 2019

Interest rates in China's bond and loan markets will tend to the downside in the second half of the year, while the renminbi exchange rate is set to increase modestly over the same period, according to an article published in the 21st Century Business Herald on Friday.

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