Fitch: CNY Internationalisation Positive for Chinese Corporates
Dec 01, 2015 05:38 am UTC| Research & Analysis
The continued internationalisation of the Chinese yuan - as reflected in the IMFs decision to include the currency in its Special Drawing Rights (SDR) basket - will have long-term positive effects for Chinese corporates,...
Moody's: Inclusion of renminbi in IMF's Special Drawing Rights basket offers investor boost
Dec 01, 2015 03:56 am UTC| Research & Analysis
Moodys Investors Service says that the inclusion of the renminbi in the International Monetary Funds (IMF) Special Drawing Rights (SDR) basket will provide a confidence boost for global investors whose appetite for...
Fitch: Renminbi Reserve Status Still a Way Off Despite SDR Entry
Dec 01, 2015 01:50 am UTC| Research & Analysis
The inclusion of the Chinese renminbi in the IMFs Special Drawing Rights (SDR) currency basket will have no immediate significant effect on the sovereign credit profile, says Fitch Ratings. New incremental demand for...
Renminbi series – Yuan into SDR – at what weightage?
Nov 30, 2015 11:01 am UTC| Commentary
Mega announcement for the year is scheduled for November, today, when International Monetary Fund (IMF) will take decision in its review, whether to add Chinese currency Yuan or Renminbi in its Special drawing Rights (SDR)...
Nov 30, 2015 09:57 am UTC| Commentary
Today is a big day for International Monetary Fund (IMF) and China, as formers board of governors are scheduled to meet today and take a decision on staff recommendation, whether to include Yuan in IMFs Special Drawing...
PBoC improves engagement with ECB to smoothen Renminbi internationalization
Nov 27, 2015 11:21 am UTC| Commentary Central Banks
China is moving with a rapid pace to internationalize its currency Yuan and make it more accessible and acceptable to world community. Yesterday, in its official website Peoples Bank of China (PBoC) announced its...
China allows overseas' central banks to enter its FX market
Nov 26, 2015 08:52 am UTC| Commentary Central Banks
PBoC says, China allows an initial group of overseas central banks and other institutions to enter its inter-bank foreign exchange market HKMA, RBA, the World Bank Trust Funds and seven institutions have finished...
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