JPMorgan Asset Management will look to expand on the US $6.9 billion in assets under management it currently has in Singapore
Read moreThese checks will help banks "curb illegal FX operations and criminal activities" and limit their risk exposure, China's State Administration of Foreign Exchange (SAFE) said. In the press conference held today, Wang Yungui, director of the Comprehensive Department at the SAFE also made note of FX margin trading...
Read moreGlobal foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. As the U.S. Federal Reserve gears up to raise interest rates next year, dollar-funded "carry trades", in which traders borrow in low…
Read moreGuotai Junan Securities Chinese brokerage will be the first non-bank to enter the interbank FX business, sources with direct knowledge of the matter said on Wednesday.
Read moreIntercontinental Exchange Announces First Five Contracts for ICE Futures Singapore and ICE Clear Singapore which, subject to regulatory approval from the Monetary Authority of Singapore, will be available from March 17, 2015
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 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 moreBNY Mellon, the world's largest custody bank by assets, said it appointed Keon Ho Kang to head its newly created foreign exchange dealing room in Singapore. The bank has launched the FX dealing room in Singapore to facilitate trades in G10 currencies and the Korean Won. The American investment giant said the move reflects Singapore's growing…
Read moreSingapore is Asia's largest FX market, and the largest offshore RMB clearing centre outside of Greater China.
Read morePBOC's governor Zhou Xiaochuan has stated to his international counterparts that the "increasing flexibility" of the country's exchange rate will be "further improved" along with market-oriented interest rate policy.
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