China is likely to issue a stablecoin backed by the Yuan currency within the next five years, according to the CEO ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...

China was the first major economy to begin exploring its own digital currency in 2014, though it is yet to launch the ...

In recent weeks, a cluster of news reports and commentary has drawn attention to China’s accelerating efforts to internationalize the renminbi (RMB). At the Lujiazui Forum in Shanghai, The New York ...

What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...

China vowed to prevent the yuan’s exchange rate from overshooting, sending yet another clear signal of its intention to slow the currency’s appreciation. The People’s Bank of China said while it will ...

China’s devaluation of its renminbi this week sent markets into a temporary tailspin, and though things have somewhat rebounded since, supply chains may still have a price to pay. Whether designed to ...

Chinese President Xi Jinping’s pledge to curb financial risks and build a powerful currency with global reserve status, reiterated in a state publication, is boosting expectations of an accelerated ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy and challenge the ...