- The event discusses the internationalization of the yuan, involving China, a central bank institution (Federal Reserve Bank of Chicago), and a former central bank president, along with criticism of administration policies.
- RMB internationalization progresses via real-economy linkages, IMF basket inclusion, and adoption of capital controls due to US sanctions.
The Hong Kong Monetary Authority serves as the currency board for Hong Kong and is jointly pushing for the internationalization of the Renminbi alongside the People's Bank of China.
1 report, 1 independent
Updated Jul 9
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What happened
The Hong Kong Monetary Authority serves as the currency board for Hong Kong and is jointly pushing for the internationalization of the Renminbi alongside the People's Bank of China.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- HSBC utilized quantum-safe technology to tokenize gold, demonstrating advanced financial applications.Sub-event
HKMA functions as currency board, pushing RMB internationalization with PBOC.1 source
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The entities involved
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Hong Kong
city and special administrative region of China
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Hong Kong Monetary Authority
currency board and central banking authority of Hong Kong