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Search Result for “foreign settlement”

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BUSINESS

One currency to link them all: the rise of the renminbi

Asia focus, Pathom Sangwongwanich, Published on 21/11/2016

» International use of the Chinese renminbi is expected to surge in the next five to 10 years given the need for financing by the Chinese government of infrastructure projects under its One Belt One Road (OBOR) programme, a banking executive says.

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WORLD

China to start cross-border payment system

Published on 11/06/2015

» China will start a cross-border payment system for the yuan by the end of the year as it seeks to promote its global use.