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China Construction Bank Releases New Zealand 2022 RMB Internationalization Report-

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  AUCKLAND New Zealand Nov 23 China Construction Bank CCB a major commercial bank in China released the 2022 RMB Internationalization Report here at a symposium on China s macroeconomic outlook and market opportunities of bonds The report that anticipated a bullish outlook was based on a survey on the internationalization of China s currency the renminbi RMB which covered 2 546 domestic and foreign Chinese companies and financial institutions The survey conducted jointly by the CCB and the financial magazine The Asian Banker also focused particularly on the use of the RMB by respondents from Association of Southeast Asian Nations ASEAN member states and ASEAN signatories Regional Comprehensive Economic RCEP convention The report found that the internationalization of the RMB has made steady progress in meeting the diverse needs of various parties and respondents have optimistic expectations for the future international use of the RMB It also found that the ASEAN and RCEP regions were generally more proactive in their use of RMB Yue Liuchang deputy general manager of the International Business Department at CCB s head office told the symposium that New Zealand had been an important market for CCB s international operation The report s launch in New Zealand is part of its effort to provide a comprehensive solution for New Zealand investors entering China s capital markets Yue said New Zealand s ratification of the RCEP in 2021 and the update of the China New Zealand free trade agreement earlier this year will undoubtedly further boost bilateral trade and business as China is already the largest trading partner from New Zealand Yue said Guests attending the symposium included representatives from New Zealand financial institutions trading and trading companies law firms and media who expressed confidence in the Chinese market and investment opportunities Xinhua
China Construction Bank Releases New Zealand 2022 RMB Internationalization Report-

New Zealand

AUCKLAND, New Zealand, Nov. 23 ()– China Construction Bank (CCB), a major commercial bank in China, released the 2022 RMB Internationalization Report here at a symposium on China’s macroeconomic outlook and market opportunities of bonds.

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The report that anticipated a bullish outlook was based on a survey on the internationalization of China’s currency, the renminbi (RMB), which covered 2,546 domestic and foreign Chinese companies and financial institutions.

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The survey, conducted jointly by the CCB and the financial magazine The Asian Banker, also focused particularly on the use of the RMB by respondents from Association of Southeast Asian Nations (ASEAN) member states and ASEAN signatories. Regional Comprehensive Economic. (RCEP) convention.

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The report found that the internationalization of the RMB has made steady progress in meeting the diverse needs of various parties, and respondents have optimistic expectations for the future international use of the RMB. It also found that the ASEAN and RCEP regions were generally more proactive in their use of RMB.

Yue Liuchang, deputy general manager of the International Business Department at CCB’s head office, told the symposium that New Zealand had been an important market for CCB’s international operation.

The report’s launch in New Zealand is part of its effort to provide a comprehensive solution for New Zealand investors entering China’s capital markets, Yue said.

New Zealand’s ratification of the RCEP in 2021 and the update of the China-New Zealand free trade agreement earlier this year will undoubtedly further boost bilateral trade and business, as China is already the largest trading partner. from New Zealand, Yue said.

Guests attending the symposium included representatives from New Zealand financial institutions, trading and trading companies, law firms and media, who expressed confidence in the Chinese market and investment opportunities. ■

(Xinhua)

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