There are two key obstacles hindering BRICS from translating its vision of a common currency into reality. First is that some ...

Chinese state banks have been consistently accumulating foreign assets. The direction of pressure on China’s currency has changed; without backdoor intervention, it would now be getting stronger.

Hong Kong arm of China's second-largest fund firm China Asset Management (ChinaAMC) on Thursday rolled out the world's first renminbi-denominated tokenised money fund.