(Yicai) June 19 -- The most senior officials from China’s financial regulatory agencies delivered keynote speeches at this year's Lujiazui Forum yesterday, conveying significant policy signals and demonstrating a firm
A worker counts Chinese currency renminbi at a bank in Linyi, East China"s Shandong province. [Photo/Xinhua] China's fiscal revenue decline narrowed in the first five months, with tax revenue continuing
China's central bank chief has a vision for a more multipolar monetary system, preferably one in which the yuan plays a larger role on the global stage. At a key
It's a good time to pitch alternatives to the US dollar , but it pays to be specific. On Wednesday, People's Bank of China Governor Pan Gongsheng told attendees of
China’s cross-border yuan payment system has signed up more financial entities from Africa, Central Asia and the Middle East, as Beijing accelerates efforts to promote the global use of its
The Lujiazui Forum is an annual financial summit in Shanghai where global leaders discuss financial reform, cooperation, and policy.The governor warned that because there is over-reliance at present on a
June 19, 2025BEIJING – China will set up an international operations center for the digital yuan, in a bid to advance the international use of the digital currency and better
BEIJING China will establish an international operations center for the digital yuan, the central bank announced this week, in a move aimed at enhancing the currency’s global utility and reducing reliance
SHANGHAI — The governor of China’s central bank outlined a plan Wednesday for a global financial system that relies on several major currencies, not just the dollar, as Beijing steps
China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi, People’s Bank of China Governor Pan Gongsheng announced at the