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Central Bank seeks local currency settlements with ASEAN, neighboring countries as yuan globalization gains pace

China s central bank has set its sights on streamlining overseas investors access to yuan-denominated financial assets while seeking local currency settlements with ASEAN economies and neighboring countries, as part of a broad push to globalize the Chinese currency, according to an official article on Sunday. ....

Central Bank , Cross Border ,

Governments offer rental help to new college graduates looking for work

Government at all levels have made continuous efforts to stabilize house rents to help reduce the financial burden on tenants, especially those who are new college graduates. ....

Xu Linyi , Meadin Academy , University Of International Business , International Business ,

Chinese Rmb Displaces US Dollar as Most-Traded Foreign Currency on Moscow's Stock Exchange

More than seven months after the West moved to isolate Russia from the global economy with destructive economic sanctions, the de-dollarization of the Russian. 06.10.2022, Sputnik International ....

Shanghai Cooperation Organization , Moscow Exchange , Moscow Exchange Group , Financial Messages , Cross Border Interbank Payment System , S Dollar , Moscow Exchange ,

As China's central bank brings out the big guns, the tide is turning in favour of the yuan

Just as the pound plunged on the weak UK mini-budget, the yuan narrative is changing as Chinese authorities signal firm support for the economy and the yuan. Once traders sense yuan weakness is running its course, there could be an avalanche of dollar selling. ....

Monetary Policy ,

China and Russia Challenge the US Dollar

Commentary A strong U.S. dollar, rising inflation, and energy costs have provided China and Russia an opportunity to . ....

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