More than 40 trades completed, by over 20 Core Climate participants, in first four weeks since launch, representing around 400,000 tonnes of carbon credits.More than 30 international projects now available on the platform.Carbon credits denominated in both HKD and RMB, driving accessibility and ensuring flexibility for participants

The issuance was well-received by overseas investors, with the total bid amount approaching RMB55 billion, about 2.2 times the issued amount.

According to PBC statistics, as of end-Q3 2022, outstanding RMB loans issued by financial institutions increased 11.2 percent year on year to RMB210.76 trillion. This represented a rise of RMB18.08 trillion in the first three quarters of 2022, increasing by RMB1.36 trillion year on year.

According to the statistics of the State Administrationof Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB 23.42 trillion (equivalent to USD3.36trillion) in September 2022.

Chinese Depository Receipts (CDRs) are certificates issued by mainland China custodian banks, representing the listed shares that are deposited by foreign listed companies (Hong Kong companies included) in their local depositary banks. CDRs are listed on the A-share market in mainland China and are traded and settled in RMB by mainland China investors.

UBS Futures announced that it had completed the first domestic commodity futures transaction of China Qualified Foreign Institutional Investor (QFII) and RMB Qualified Foreign Institutional Investor (RQFII), and became the first futures company to support QFII to participate in the domestic commodity futures market.

China will steadily advance the process of the renminbi's internationalization and the country will make its financial market more accessible to international investors in terms of product supply and trading mechanisms to achieve the goal of lifting the global profile of the Chinese currency, industry experts said.

The RMB settlements climbed 14.7 percent in trade of goods and 43.4 percent in direct investment.

Zambia's Konkola Copper Mines (KCM) has appointed Rand Merchant Bank (RMB) as financial advisor as the government searches for a new investor to expand the copper mine and smelter, the company's state-appointed provisional liquidator said on Wednesday.

A few days ago, the People's Bank of China released the "2022 RMB Internationalization Report" (hereinafter referred to as the "Report").

Observers say PBOC hike will ease US$ pressure on the RMB, stabilize market.