Foreign Exchange
Chinese RMB beats Swiss franc as a world payments currency
Activity share is 1.39% in payments value.
StanChart's RMB globalisation index up 6.1% to 1,301
Thanks to strong growth in deposit, cross-border payment.
What you need to know about business foreign exchange
Banks across Asia are gearing up to fight for regional dominance of one of the most important and quickly growing products - Business Foreign...
Here are 5 factors affecting the offshore RMB liquidity growth
China's credit cycle is one.
StanChart's RMB globalisation index surged 2.4% to 1,220 in October
Is it finally back on track?
HKMA's aggregate balance hit $163.9b this week
Forex reserve dropped US$1b.
StanChart, ABC ink MOU to provide RMB clearing services in the UK
Will boost London's post as top offshore RMB hub.
Taiwan's RMB deposits hit new high of 123.2b in October
That's in domestic and offshore banking units.
Britain looks into establishing renminbi clearing bank
Needed to improve liquidity.
StanChart establishes Global RMB Trading team for clients
It'll comprise traders across key markets.
StanChart RMB globalisation index inched 3% higher to 1,183
Here's what boosted this growth.
State Bank of Vietnam launches real-time FX trade monitoring system
Partners with Thomson Reuters.
Philippines, Bank of China launch Domestic Renminbi Transfer Service
Service will integrate with the renminbi global payment system.
South Korea looks for more bilateral currency swap deals
Koreans reducing dependence on US dollar.
China’s banking system's net forex purchases rocket in September
Jumps 3,600% to US$20.7 billion from US$4.5 billion in August.
Singapore, China will allow direct trading between currencies
Will strengthen Singapore's status as leading offshore RMB hub.
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