Foreign Exchange
Hang Seng sets RMB prime rate
Hang Seng sets RMB prime rate
Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.
Bank of the Philippine Islands launches yuan-denominated account
Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.
Public Bank to offer yuan accounts
Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.
OCBC's proposed subordinated notes rated 'A'
Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.
Maybank eyes increased China trade
Maybank expects to boost growth in trade finance business with China by 15 percent with renminbi trade services at regional offices.
Metrobank addresses Philippine demand for Yuan products
Metrobank became the first Philippine bank to offer Chinese Yuan denominated offerings which was piloted in Metro Manila last 28 September.
KEB enhances currency trade through CDs, ATMs
Korea Exchange Bank now facilitates Won withdrawals from foreign currency accounts using CDs and ATMs with its new KRW IC Cards.
HSBC RMB trade leads to RMB bond purchase
A Hong Kong businessman bought RMB-denominated bonds out of the renminbi equivalent of US$2.19 million he received via the renminbi trade.
BOCHK, BCA sign agreement
BOCHK expands business of its RMB services by tapping Indonesian bank BCA.
Seylan's 1st half remittances reach $110.4M
Personalised service to Sri Lankan overseas workers allowed Seylan Bank to disburse US$110.48 million in remittances in the first semester.
Malay, Singaporean banks tie-up for yuan trade
Hong Leong Bank partnered with the Industrial and Commercial Bank of China in Singapore to offer trade settlement services in Yuan. This is part of...
Standard Chartered HK first in 2-way RMB trade
Standard Chartered Bank Hong Kong has completed the first cross-border trade settlement transactions in RMB. This is following the official signing of...
Hang Seng signs renminbi deal with 2 banks
Hang Seng Bank signed an agreement with Bank of China (Hong Kong) on renminbi settlement and clearing services for cross-border trade.
HSBC first to settle cross-border renminbi trade
HSBC, in cooperation with Bank of Communications or BoCom, became the first foreign bank to settle a cross-border trade in renminbi.
Standard Chartered among first banks in renminbi cross-border trade
The Standard Chartered Bank Hong Kong signed the agreement for the implementation of Renminbi cross-border trade settlement pilot scheme with Bank of...
Hong Kong boosts role as renminbi centre for China
Hong Kong banks will encourage customers engaged in trade between Hong Kong and Mainland China to settle trade transactions in renminbi.
Philippines GIR for end-May at US$39 billion
The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s level.
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