The official foreign exchange (forex) rate depreciated by 1.3 per cent to N1,537.50 per dollar as CBN’s robust intervention — selling $360.00 million to authorised dealers — helped mitigate a steeper ...

as the preferred business hub for renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts, RMB-denominated corporate and Chinese ...

In recent years, China's high-level financial opening-up has made significant strides, not only sharing development ...

The Board of Directors has proposed a final dividend of HKD0.21 per share for the year ended December 31, 2024 (2023: HKD0.18 per ordinary share), amounting to a total of HKD711.61 million, reflecting ...

“We’ll advance the renminbi’s internationalisation in a steady and measured way, gradually opening up financial services and markets in an orderly manner,” Pan said.

However, for the Company, 2024 was both a “year of restructuring” amidst challenges and a “year of breakthroughs” with emerging potentials. Although the overall performance is experiencing short-term ...

More than 60% of respondents do not believe that the launch of CBDC will lead to a diminished role of the USD and more than 50% do not know yet what will be the impact of a digital Yuan on the ...

For the fiscal year 2024, the Group reported a gross profit of approximately RMB4,143.0 million (FY2023: RMB 4,079.9 million ... making solid strides in its internationalization efforts.

By allowing renminbi to flow offshore uncontrolled ... are straying from the normal sequence of steps toward currency internationalization. Why might that be? In this Center for Geoeconomic ...

By the end of 2024, the RMB's share in global payments ranked fourth, while its share in global trade financing stood at third, indicating a steady rise in the internationalization of the RMB, ...