In the news: RMB enters IMF basket, GSK pays the SEC a $20M fine, the Belt and Road gets a boost and Didi snaps back at local driving rules

The renminbi achieved global reserve status, GlaxoSmithKline settled China bribery charges, the PBOC pushed for more currency clearing houses and three major cities drafted restrictive ride-sharing regulations

11 minute readOctober 11, 2016 at 01:01 AM

Katherine Jo

& clp articles

In the news: RMB enters IMF basket, GSK pays the SEC a $20M fine, the Belt and Road gets a boost and Didi snaps back at local driving rules

Renminbi joins IMF reserve currency basket

Therenminbi officially achieved global reserve currency status last Saturday, a milestone seen breathing life into China's bond markets by prompting estimated inflows of as much as $1 trillion over

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