We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Chinese currency surpasses euro in November to become second most-used in trade finance
Geopolitical concerns help support the use of the renminbi despite weak foreign investment trends
If Beijing returns to promoting export-led growth, tension over exchange rates may return
Sales surge coincides with People’s Bank of China’s efforts to defend renminbi
Also in this newsletter: why Bosnia should get rid of its Serb separatist leader before joining the EU
Spread between Shanghai spot price and London hit record $121 per troy ounce last week
Currency rebounds from 16-year low as Beijing releases positive lending data earlier than usual
Treasury secretary indicates slowdown’s impact on US will be small as renminbi hits 16-year low against dollar
Beijing under pressure for more economic support as manufacturing sector struggles to pick up
People’s Bank of China sets renminbi trading band higher than expected while Tokyo warns against yen’s decline
Beijing’s mission to promote the currency could end up hurting Chinese lenders
Cheaper mortgages offered in biggest cities while central bank eases foreign exchange reserve requirements
Making a currency a global standard demands deep trust in its issuer’s openness and reliability
Currency has fallen 5% this year but investors expect further declines
Beijing uses developing world chagrin over Washington’s weaponisation of greenback to push global renminbi
Currency weakens as concerns mount over health of world’s second-largest economy
Issuance of ‘panda’ and ‘dim sum’ debt hits record pace as economic slowdown depresses borrowing costs
Currency increases 1.5% against dollar in July after months of falls
Steady, but slow internationalisation
Slowing domestic growth and shrinking exports have become main concerns as Fed’s influence wanes
Russians lead drive to settle in Chinese currency as sanctions cut access to dollar financing
Leftist president lends his voice to Beijing’s efforts to boost renminbi’s role in global commerce
Rising cost of dollar financing has also made China’s currency more attractive
Exorbitant privilege FTW
The US dollar still dominates debt markets, but some niche-sounding data suggests things could be set to shift
UK Edition
