China Takes Key Step Promoting the Internationalization of the RMB - FinanceFeeds
China Takes Key Step Promoting the Internationalization of the RM…
Mar 20, 2025
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According to the rankings released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the U.S. dollar remains the most popular currency in the world, with its payment share accounting for 47.08%, substantially more than other payment currencies. #ChinaMosaic #ChinaUSRelations #USDollar | China Mosaic
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The newly launched HKD-RMB Dual Counter Model will see 24 companies let investors trade in RMB. Hong Kong Secretary of Financial Services and the Treasury Christopher Hui Ching-yu explains that the next step is to connect RMB counters in HKEX with the Southbound Stock Connect, thereby letting investors on the mainland directly purchase and sell stocks on the Hong Kong market. This will further increase the internationalization of the RMB and the role of Hong Kong in achieving this goal. #Reality
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The newly launched HKD-RMB Dual Counter Model will see 24 compan…
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#China's central bank: Advancing RMB internationalization in an orderly manner In a recent interview with China Media Group, the People's Bank of China Governor Pan Gongsheng said the central bank will continue to advance global financial governance reform and international financial cooperation, promote high-level opening-up of financial services and markets, and steadily advance the internationalization of the renminbi in 2026. #BizFocus | CGTN Global Business
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