HomeEconomyThe central bank said that the internationalization of the renminbi will be... Economy The central bank said that the internationalization of the renminbi will be prudently and steadily promoted By inew September 23, 2022 0 159 views Share FacebookTwitterPinterestWhatsApp Dollar /CNH +0.% ) Add to/Remove from watchlist ) Add to watch list Add Location Job successfully added to: Please name your holdings type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: SHANGHAI (Reuters) – China’s central bank says it will steadily advance the internationalisation of the renminbi and push for a better financial market. High-level two-way opening. The People’s Bank of China (PBOC) also stated that it will promote a virtuous circle onshore and 81 Offshore RMB market, reiterated that it will “firmly resist systemic risks,” it said in a report on yuan internationalization released on Friday. The report comes at a time when currencies are facing renewed depreciation pressure, buoyed by a strong dollar, a hawkish Federal Reserve tightening policy and an economic slowdown. slow. [CNY/] China and Japan are among the main exceptions to rate hikes worldwide to curb high inflation, with Beijing focused on revitalizing the economy battered by the coronavirus The economy affected by the epidemic – shock. But this widening policy divergence has weighed on the yuan and prompted overseas investors to post a seventh straight month in August. Reduced holdings of Chinese bonds. The People’s Bank of China stated in the report that it will Investors, especially global central banks and similar institutions, have facilitated their increased holdings of Chinese assets. China will “increase the liquidity of renminbi financial assets, further facilitate foreign investors’ access to the Chinese market to invest, and enrich the variety of assets available for investment,” the central bank said. Share FacebookTwitterPinterestWhatsApp Previous articleU.S. bond funds see biggest weekly outflow in four weeksNext articleLong outliers, even euro zone bond curves are inverting fast inewhttps://inew.news RELATED ARTICLES Economy US, partners target North Korea with sanctions following satellite launch November 30, 2023 Economy US senators to be briefed on Ukraine, Israel aid on Tuesday -Senate aide November 30, 2023 Economy Fed’s Williams keeps alive rate hike chance if inflation doesn’t retreat November 30, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS ‘Jury Duty’ Breakout Ronald Gladden Inks Amazon Overall Deal December 1, 2023 Tom Holland Says He Only Wants to Play Spider-Man Again If It Does “Justice to the Character” December 1, 2023 Google Messages reaches 1 billion RCS users, unleashes 7 new features to celebrate December 1, 2023 For Its 65th Anniversary Season, Alvin Ailey’s Opening Night Gala Honored Judith Jamison November 30, 2023 Load more Featured NEWS Discover Thai Spouses On Thailand’s Largest Internet Relationship Site August 31, 2023 Roku Channel Acquires ‘The Spiderwick Chronicles’ After Disney+ Cancellation October 11, 2023 Crypto Whales’ Big Bet: An Examination Of Their 3 New Altcoin Targets October 11, 2023 Migi & Dali TV Anime's 2nd Teaser Lists Updated Staff March 26, 2023 Load more
