Tag Archives: Bank of China

RMB use to grow in Belt, Road economies

China will expand the use of the renminbi in countries and regions related to the Belt and Road Initiative by improving cross-border payment and settlement facilities for the currency, a People’s Bank of China official said on Tuesday.

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Hong Kong Bond Connect gets green light

Chinese mainland and Hong Kong regulators on Tuesday gave the green light to a long-anticipated cross-border trading link that makes the mainland’s $9.5 trillion bond market more accessible to overseas investors.

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Fund plans an investment worth billions of dollars

China’s Silk Road Fund has an important role to play while at an early stage of the Belt and Road Initiative’s implementation because it helps leverage additional funding from various sources, according to a vice-governor of China’s central bank.

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HNA tower buy reflects NYC confidence

HNA Group’s $2.2 billion purchase of a Manhattan office tower shows that the Chinese appetite for New York real estate – and trophy assets – is still there, real estate analysts said.

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Long-term plan to help yuan

Short-term capital controls may help fend off financial risks, but they will not last long at a time when the country is stepping up efforts to promote the yuan’s use in international trade and enhance market openness, say economists.

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Reminbi steadier as central bank’s remedies take hold

Short sellers may find it more difficult to score profits from betting on a continued depreciation of the yuan, according to economists, who said measures rolled out by the central bank to stabilize market expectations have begun to take effect.

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