The Bank of China and Refinitiv have teamed up to launch DeepFX, a FX price prediction app. DeepFX is an Eikon app that leverages Refinitiv’s data, improving the Bank of China’s Digital Asset Management Department’s FX AI model. The ‘Liter’ version of the app is free with subscription to Eikon. Traders or FX researchers can…
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Global clearing house LCH announced that Bank of China (UK) Limited, Bank of China’s UK entity, has gone live as a clearing member of LCH’s SwapClear. Bank of China is LCH's first clearing member from a Chinese banking group. The Bank will now have access to clearing of interest rate derivatives at LCH and will…
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AxiomSL, the provider of regulatory reporting and risk management solutions, has today announced that Bank of China has decided to extend its use of AxiomSL’s strategic platform to meet AnaCredit reporting requirements in France. AxiomSL will support the bank’s objective to automate the complex process of AnaCredit reporting and ensure submission in a timely and…
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NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announces today that Bank of China (Hong Kong) Limited, a mainstream bank as well as an integrated and regional financial group with roots firmly planted in Hong Kong for 100 years, will be joining…
Read moreThe People's Bank of China (PBOC), China’s central bank announced today it authorized Bank of China's (BOC's) New York branch to provide Renminbi (RMB) clearing services in the United States. It is the first time for China to set up an RMB clearing bank in the United States. The decision was made according to a…
Read moreDubai Gold & Commodities Exchange (DGCX) has announced the appointment of Bank of China (BOC), as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC), a wholly owned subsidiary of DGCX. Bank of China is the first Chinese bank to be appointed as a Settlement bank for DCCC and would be operating through its Abu…
Read moreChina's preference for FX was very much highlighted by LeapRate's recent investigation into China's large introducing brokers. With China's two major stock exchanges experiencing trading suspensions and stock depreciation at the rate of a falling girder, LeapRate provides an insight into the possible cause and effect and why FX is THE asset class for China
Read moreInitiative will strengthen China's RMB infrastructure and will include more RMB-denominated products and solutions, such as the development of RMB-denominated commodities and derivatives contracts, as well as enhancing RMB clearing and settlement services.
Read moreThe hub will foster far easier trade between the Canadian dollar and the Chinese yuan, bypassing the dollar payment system. It makes Canada the first country in the Americas to have a deal to trade in the renminbi.
Read moreAgreemet to help expand clearing and settlement transactions in countries' national currencies
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