Foreign Exchange
Maybank expects RM300M in ringgit mortgage expansion to Melbourne
Maybank expects RM300M in ringgit mortgage expansion to Melbourne
Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne.
China curbs forex rules for firms expanding overseas
Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1.
RMB liquidity facility to open in HK
A facility for providing Renminbi liquidity to authorized institutions in Hong Kong has been unveiled by the Hong Kong Monetary Authority.
Sri Lanka expects foreign inflows to increase
Sri Lanka experienced positive first quarter foreign exchange earnings leading it to expect increased inflows this year.
Germany's Commerzbank to expand in China by 30%
Commerzbank AG aims to grow its corporate banking business in China by as much as 30 percent this year.
HSBC China to be among the first for direct RMB-Yen trading
HSBC China will be among first market makers for the direct trading of the renminbi and yen after it was approved by China's central bank.
Chinese banks sell more forex than it purchased
Chinese banks bought US$110.2 billion on behalf of clients in April and sold US$113.9 billion U.S. dollars, resulting in a net sale of 3.7 billion U...
StanChart issues RMB 1 million in ECP
A new issuance programme from Standard Chartered Bank provides a new instrument and market for investors in the renminbi.
Renminbi continues long march towards internationalisation
Bankers see the Chinese renminbi or yuan becoming a key commodities currency.
The long march of the Renminbi
Over the last few months, investors have frequently expressed to me their concerns about the change of leadership in Beijing likely to take place in...
Royal Bank Of Scotland Bullish On Malaysian Ringgit
The Royal Bank of Scotland plc (RBS) is bullish over the Malaysian ringgit, with the local currency projected to move within the 3.05-3.02 range to...
China's micro-lenders up 64 %, lends $30.7B
China's micro-credit sector experience massive growth with encouragement from the government.
Bank Negara, Fatwa clarifies issues on forex trading
Bank Negara Malaysia clarified that only licensed banks can buy and sell of foreign currency in Malaysia.
ICBC registers over $158.7B in cross-border RMB business
ICBC registered over US$158.7 billion or RMB 1 trillion in cross-border RMB business by end-2011.
Malaysia, China renew currency swap agreement
Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.
Malaysian and Thai central banks in joint push for financial stability
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai...
China to make Shanghai global RMB center by 2015
China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015.