The addition of offshore renminbi to the lineup marks another milestone in ParFX's expansion and reiterates the importance of the Asian market.
Read more"Partnering with CCB enables us to provide our global client base enhanced access to the flourishing offshore RMB market..." - Marc Antoine Autheman, Chairman of the Euroclear group
Read moreICAP plc (LON: IAP), leading markets operator and provider of post trade risk mitigation and information services, announces today that it has launched the ICAP CNH Hub, a currency-specific portal which pulls together offshore Chinese renminbi (CNH) data from various services within the ICAP Group to offer a single, consolidated and holistic view of the…
Read moreClearstream now offers five offshore RMB accounts in four leading financial centres and will give customers more options and flexibility in managing offshore RMB liquidity
Read moreThe Hong Kong Monetary Authority (HKMA) announced today that it has designated seven banks as Primary Liquidity Providers (PLPs) for the offshore renminbi (CNH) market in Hong Kong. These designated PLPs have pledged to expand their market-making activities in Hong Kong for various CNH instruments, and use the Hong Kong platform in promoting their global…
Read moreThe offshore RMB market has evolved rapidly since 2010 and there have been periods of significant pricing dislocation between onshore and offshore forex and interest rate markets.
Read moreThe Bank of Korea said the People’s Bank of China has appointed the Bank of Communications Ltd. as a clearing bank for the direct won-yuan trading in Korea, which we reported on last week. Bank of Communications was founded in 1908, and is one of the largest banks in China. Chinese President Xi Jinping and his…
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