Both central banks agreed to coordinate and cooperate on the supervision, oversight and clearing of Renminbi in South Africa and also to exchange information in order to facilitate the continuous improvement and development of bi-lateral trade.
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 moreNick Johnston, head of Commerzbank Corporates & Markets Asia, commented, “This move comes amid China’s further liberalisation to encourage two-way flow and liquidity in the onshore options market.”
Read moreWith the ability to provide onshore yuan solutions to its institutional and retail clients, UOBAM will launch three China onshore RQFII funds within their Asia-Pacific network in the coming months.
Read more“Our clients can already open RMB accounts, settle trades in RMB and enjoy executing RMB electronically using our CommBiz Markets platform with single sign on settlements capability,” said CBA executive general manager, international institutional banking and markets, James Rickward.
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 moreAPX Chief Operating Officer, David Lawrence: "A critical facilitator of capital flows between Australia and China will be a trading and settlement platform allowing APX listed securities to be traded (and settled) in both Australian and Renminbi denominations."
Read more“The big picture behind all these indices have changed, China’s share of global trade has probably tripled in the last decade,” Gabriel de Kock, a JPMorgan economist in New York said in a Bloomberg interview.
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 moreAt the inauguration ceremony of Canada's RMB Hub, Royal Bank of Canada, alongside other Canadian banks and government delegates, signed a Memorandum of Understanding with respect to Bilateral Renminbi Cooperation. Today, the first cross-border payment has taken place
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