Foreign Exchange
China enters into currency swap arrangement with Pakistan
Was implemented May 7 after issuance of necessary instructions to banks.
China gets tougher on renminbi speculation
New rules immediately cause renmnbi to fall against the US dollar.
Chinese banks continue amassing US dollars
Attain forex surplus for seventh straight month.
Standard Chartered appoints Chris Allington as global head, FX
In a statement, Standard Chartered announced the appointments of Chris Allington as Global Head, FX, and Neh Thaker as Global Head, Options &...
Direct bank trading of renminbi and Australian dollar imminent
Test run of direct trading at banks currently ongoing.
Major breakthrough in cross-strait banking talks
Talks succeed in easing market access rules for banks seeking to own stakes in other banks.
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
Singaporean banks could abandon Malaysian forex reference rate
Government study confirms attempts at rate fixing.
Taiwan Financial counting on yuan business for expansion
Taiwan Financial aims to accelerate its Asia-Pacific expansion and increase profit from overseas operations.
ICBC Singapore now authorised as the clearing bank for RMB
ICBC was granted QFB privileges in 5 October 2012.
Top UAE bank launches renminbi trading
Emirates NBD launches renminbi accounts to support SMEs.
Taiwan will soon issue first Chinese renminbi bonds
Taiwan will be the second location after Hong Kong to sell renminbi-denominated bonds.
Probes reveal banks' manipulation in Singapore’s offshore FX market
Evidence surfaced that traders colluded to manipulate rates in Singapore's offshore foreign exchange market.
Citibank achieves first cross-border renminbi lending deal
Citibank (China) Company last week completed its first cross-border renminbi lending transaction.
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.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
