Banking

China's digital RMB ecosystem has been established in preliminary terms, with cumulative transactions reaching 14.2 trillion yuan ($2 trillion) by the end of September 2025, according to the People's Bank of China (PBOC).

Strengthened market infrastructure, enhanced secondary market liquidity and increased attractiveness of renminbi-denominated financial assets for global investors are improving the supply-demand dynamics of the offshore dim sum bond market.

Dim sum bonds are renminbi (yuan)-denominated bonds issued outside the Chinese mainland, mainly in Hong Kong. After a relatively quiet period, dim sum market activity has accelerated in recent years.

UnionPay International and Portugal Airlines recently signed a comprehensive acceptance cooperation agreement in Madrid, marking another significant milestone in UnionPay’s European expansion. ​​

Strengthening Financial Ties Amid EU-China Diplomatic Milestones​​ This year marks the 50th anniversary of diplomatic relations between China and the EU. Over five decades, cultural exchanges and economic cooperation have deepened.

The People's Bank of China, the country's central bank, may soon sell borrowed long-term Chinese government bonds, a move that would help safeguard financial stability and add a new tool of liquidity management, market experts said.

The PBOC said in an announcement on Monday that it would borrow treasury bonds in the near term from primary dealers — mainly commercial banks — to maintain the sound operation of the bond market, based on prudent assessment of the market situation.