Tag: Yuan
New Yuan Bank Loans Hit Record High
Chinese banks granted a record number of new loans in January demonstrating Beijing’s attempts to stabilise development in the second-largest economy in the world. At [more…]
Saudi Arabia and China to Commence 50 Billion Yuan Swap Line
China and Saudi Arabia have strengthened their relationship by signing a $7 billion local currency swap agreement, as more Middle Eastern nations move their trade away [more…]
Yuan is Now Second Most Used Currency For Trade Finance
Based on data from the global SWIFT system, the yuan has surpassed the euro to become the second most important currency in trade settlements for [more…]
Brazil Settled First International Yuan Loan
A step towards the internationalisation of the Chinese currency has been accomplished with the completion of the first cross-border commercial loan in Brazil denominated in [more…]
