London to become first location outside Asia to have a Yuan clearing bank As the Renminbi is finally rebounding somewhat from its recent slide against the US dollar we are seeing a very clear intention by UK authorities and the private sector, for London to become the main trading venue outside of Asia for Chinese…
Read moreTrade and business ties to strengthen further after the implementation by mid-2014 Major Australian stock exchange ASX has issued a press release outlining an agreement between the Bank of China and ASX to provide Chinese Yuan settlement services to the Australian and Chinese financial markets by the middle of this year. The agreement was signed…
Read moreCITIC is a unit of Chinese sovereign wealth fund, will focus on trading emerging FX, Renminbi Just a week after former CEO of FX Concepts John Taylor has announced that he is going back to business, two other executives, namely Robert Savage and Ron DiRusso have announced that they are starting their own venture. More…
Read moreChina opens a new US Forex office to diversify away from US Treasuries. One of they key themes we've been following lately has been China relaxing its rules governing Forex movements and trading, which has been a key catalyst behind the rapid growth of retail FX trading among Chinese retail FX traders. (We even posited…
Read moreFirst foreign info provider to be allowed to deliver onshore CNY prices. As global interest in China's currency has grown, there has been increasing dialogue about the divergence of China's internal "onshore" Renminbi market (CNY), and the trading of the currency outside China in the "offshore" market (CNH). While the offshore CNH market has grown…
Read moreChina's currency becoming more liquid, easier to trade and hedge.
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