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Views: 10 Author: Site Editor Publish Time: 2020-08-20 Origin: Site
Last year, cross-border RMB settlement hit a record high of 19.67 trillion yuan, increasing 24.1% year-on-year, according to a report from China's central bank, the People's Bank of China (PBOC). More than 70 central banks and monetary authorities worldwide have incorporated the RMB into their foreign exchange reserves so far, according to the PBOC's 2020 RMB Internationalization Report.
The central bank promised to steadily push forward RMB internationalization based on market forces and the orientation of better serving the real economy.
"We expect more foreign traders to join crude oil, iron ore and other commodity futures trading and use the RMB more frequently in real commodity trading. More varieties of RMB-denominated financial products will be provided," it added.
Quoted from China Daily
Apple announced it will hold an online event next Tuesday, where the company is anticipated to introduce its latest hardware.The event will be broadcast on the company's website from Apple Park at 10 am Pacific Daylight Time in California, according to a statement from Apple, without providing furth
READ MORE Last year, cross-border RMB settlement hit a record high of 19.67 trillion yuan, increasing 24.1% year-on-year, according to a report from China's central bank, the People's Bank of China (PBOC). More than 70 central banks and monetary authorities worldwide have incorporated the RMB into their forei
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The China International Fair for Trade in Services (CIFTIS), a major platform for the services trade in the country, will be held on Sept 4-9 in Beijing.
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