Foreign Exchange
RMB activity share for documentary credit transactions jumps to 9.43 in January 2015
RMB activity share for documentary credit transactions jumps to 9.43 in January 2015
Its solid position has been strengthened further.
RMB predicted to become more "market-oriented" in 2015
It's forecasted to be used more widely.
RMB now part of the top five world payments currency
It overtook the Canadian and Australian dollar.
DBS China caps off first RMB/SGD direct trade on launch day
Contributing to the acceleration of RMB internationalisation.
RMB payments between 'true offshore' trading centres rocketed by 837% in value
It's reached record levels of payments activity.
HSBC gets nod for RMB-SGD direct onshore trading in China interbank forex market
This reflects the acceleration of RMB internationalization.
StanChart's RMB globalisation index 6.8% to 1,586 in February
Here's what boosted this growth.
Why China is Asia’s economic bellwether
But it's in for a very bumpy ride.
UOB sets up FX unit for small business
The first of its kind in Southeast Asia.
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.
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