China’s central bank chief expects new currency order to challenge dollar
Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency
Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

Appreciation would suit Beijing’s global ambitions for the currency

If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency

PBoC makes it cheaper for traders to bet on weakening currency amid concerns about rapid appreciation

Central bank fixes currency at highest level against dollar in 15 months

Beijing’s push will speed moves to multi-polar monetary system, analysts say

Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex