Euroclear plans to accept HK-traded Chinese bonds as collateral
Proposal would boost Beijing’s drive to internationalise the renminbi and counter dominance of US dollar
Proposal would boost Beijing’s drive to internationalise the renminbi and counter dominance of US dollar

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

Low interest rates make renminbi an attractive funding currency for multinational companies

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

Policymakers say dollar-backed tokens cement US dominance but regulator warns of money-laundering risk

Monetary authority sells US dollars to maintain trading band for local currency

Chamber of commerce warns that fall of tightly managed Chinese currency risks prompting trade retaliation