In the paper, the author has formulated and proven the hypothesis according to which among the international financial centres of the BRICS Moscow is the most promising one in terms of becoming a new yuan’s offshore centre since there is a working niche for trades in currency pair rouble/yuan. And also, there are commercial banks in Moscow that take deposits in yuan both from individuals and legal entities. According to the conducted research, the author demonstrated the opportunities and optimal ways to use an advantage which presupposes the creation of an investor-friendly environment for Brazil, India and South Africa to trade in currency pair rouble/yuan at the Moscow Exchange. It can be possible in case of direct settlements in yuan in case of direct transactions between the mentioned countries and China both when exporting and importing.

In recent years, Heilongjiang Province has constantly been improving and upgrading the e-commerce development model, and successfully opening up Online Silk Road, actively docking the Belt and Road and participating in the construction of the Sino-Mongolian-Russian economic corridor. This paper analyses the foundation of Heilongjiang Province’s Online Silk Road construction combs its development status and further proposes the challenges and problems in the construction process. Finally, the paper puts forward prospects and recommendations for the development potential of e-commerce concerning cooperation with Russia and agricultural products.

The global financial crisis of 2008 has shown the importance of a sound and profitable banking industry in developed, developing and emerging countries as well. Therefore, it is highly valuable to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies’ growth, but also establish the overall effect of these processes to global financial market. Moreover, during the last few years, the role of the emerging economy in the world economy is increasing substantially due to its economic growth, industrial potentials and a massive supply of resources and labour to the advanced economy countries. The number of researches conducted on the problem concentrated on two opposing opinions stating the foreign banks either encourage overall efficiency or cause financial instability. Despite a huge literature on this topic, the risk foreign banks impose on emerging market countries’ domestic banks should be evaluated in advance. The primary goal of this research work is to evaluate the extent of development of banking activities in emerging market countries and provide an analysis of the performance of emerging market banks. In article the author described the process of development of banking activities in emerging market economy countries.

In this article the author presents the main characteristics of the economy of the People’s Republic of China. First of all, the Chinese government has a prudent policy of gradual opening and liberalisation of the economy. However, significant impact on economic development and the state of international settlements in the Asian region is influenced by currency and monetary policy. Therefore, for Chinese state authorities maintenance of stable national currency becomes especially important. In the early 1980s, the government began opening the banking system and the four state-owned specialised banks to accept deposits and perform banking activities. Also, the author analysed development of financial markets of the People’s Republic of China. Finally, the author discussed the emerging markets of bitcoin and cryptocurrencies in China.

The article discusses the weaknesses of fiat reserve currencies and proposes modern Distributed Ledger Technologies as a way to lower transaction costs and promote digital payments for the public. Specifically, we concentrate on stablecoins, a particular category of cryptocurrencies, that are designed to maintain stability and to be used as a medium of exchange and store of value. The results allow concluding that tokens backed by commodities may be implemented in payments globally with minimum cost and processing time. Hence, it is a revolutionary solution to the existing international monetary issues.