Foreign Exchange

UK becomes G7 leader in offshore renminbi trade

The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.

UK becomes G7 leader in offshore renminbi trade

The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.

Renminbi deposits in Hong Kong surge

Amount is 10 times higher than 2009.

China to use forex reserves for commercial loans

China has set up an office to handle trusted loans of foreign exchange reserves.

StanChart reveals results of its first-ever RMB Globalisation Index

The index remained relatively flat at 732 in October.

Cross Strait settlements to improve

Selection of Renminbi settlement bank proceeding cautiously.

China to tackle renminbi convertibility

Deregulation also necessary to carry out financial reforms.

CCB to internationalize the RMB

China Construction Bank Corporation will sell US$400 million.

ICBC wants Thai arm to promote use of yuan

China's strategy to strengthen yuan globally.

S. Korea to inspect FX trading

To curb the won's strength.

3 keys to Korean banks' resilience against foreign currency liquidity risks

Among the ways is terming out debt maturities and it finally paid off.

Korean Banks exhibit foreign exchange liquidity

Ample foreign currency liquidity of South Korean banks helped reduce the need for fresh loans in September, the financial regulator said Sunday.

Eurozone woes sap TAIEX

The TAIEX fell below the 7,700 point mark Wednesday as turnover shrank further amid lingering concerns over debt problems in the eurozone, dealers...

Taiwan to launch renminbi liberalization in November

Taiwan will begin its comprehensive renminbi-related businesses November 1 through authorized renminbi clearance banks.

ICBC doubles cross-border RMB settlements

ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012.

ICBC Beijing provides currency exchange in baht, Philippine peso

ICBC Beijing Branch has included the Thai baht and Philippine peso in its foreign exchange currency services.

How can banks customize their service model to cater to each client's needs?

Bankers say there is no 'one size fits all' solution nowadays.

SMEs still prefer conventional FX risk management

But bankers say that those with higher FX volumes could conduct such activity online.