On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to become a “powerful currency” that ultimately replaces the dollar as the global reserve currency – ...

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry in Asia. In early February, an important Chinese journal (Qiushi) ...

Yuan financing has never been as popular as it is now, with more countries and foreign companies tapping the market, in a ...

What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...

Yuan rises after People’s Bank of China sets stronger reference rate ahead of National People’s Congress, signaling comfort with appreciation and policy shifts.

PBOC governor reaffirms yuan stability, refuting trade partners’ accusations ahead of critical US talks in Paris.