MNI China Daily Summary: Monday, January 30

MNI BRIEF: China To Expand Fields For Special Bonds - MOF

MNI BRIEF: BOJ Maintains Scale of JGB Ops in February

Fed Watch

ECB Watch

EZ/UK Bond Supply Calendar: Italy & Germany to issue Tuesday

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US

Macro Developments Since Dec FOMC Meeting: Labor [2/2]

US

Macro Developments Since Dec FOMC Meeting: Labor [1/2]

EURGBP TECHS

Outlook Remains Bullish

GERMANY

EU-Mercosur Ratification On Agenda In Scholz-Lula Meeting

US

Office Occupancy Hits 50% Of Pre-Pandemic Levels – Kastle Systems

US

FED Reverse Repo Operation

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

PBOC - Push For Yuan Internationalisation

CHINA PRESS
MNI (BEIJING)
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News

Banks in China will be encouraged to carry out overseas yuan loans, lower transaction financing costs, and support the settlement of bulk commodities and trade of all types in the yuan, according to a circular jointly issued by the People’s Bank Of China and Ministry of Commerce. Support should be given to promote yuan-denominated trading with RCEP members, and encourage local governments to use special funds targeting trade services innovation, and projects likely to boost yuan transactions abroad, according to the PBOC. For overseas projects, such as those included in the Belt and Road initiative, priority should be given to use the yuan to settle business transactions.

107 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Banks in China will be encouraged to carry out overseas yuan loans, lower transaction financing costs, and support the settlement of bulk commodities and trade of all types in the yuan, according to a circular jointly issued by the People’s Bank Of China and Ministry of Commerce. Support should be given to promote yuan-denominated trading with RCEP members, and encourage local governments to use special funds targeting trade services innovation, and projects likely to boost yuan transactions abroad, according to the PBOC. For overseas projects, such as those included in the Belt and Road initiative, priority should be given to use the yuan to settle business transactions.