The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBOC) have agreed to renew and enhance the bilateral currency swap arrangement (BCSA) established between the two central banks. This is one of the main outcomes of the recent visit to Singapore by the President of the People’s Republic of China, Mr Xi…
Read moreThe latest SWIFT RMB Monthly Tracker, the report monitoring the Chinese yuan adoption across the globe, was published earlier today, showing that the Chinese currency lost one place in the ranking of international payments currencies. The SWIFT report for September 2015 shows that the Chinese currency fell back to position #5 in the ranking table…
Read moreThe latest monthly report by SWIFT shows that the Chinese yuan accounted for 2.79% of global payments in terms of value, giving the RMB the #4 spot in the ranking of world payment currencies.
Read moreSteven Knight, Research Analyst for Blackwell Global, looks at the risks crude oil faces due to the Chinese decision to devalue the Yuan.
Read moreTaiwan Futures Exchange has launched Taiwan’s first RMB currency futures contracts. The rationale behind the new products is to extend development of Taiwan’s rapidly growing offshore RMB financial services sector
Read moreSelected trading instruments, including USD/CNY, will no longer be available for trading from today's market close.
Read moreAfter months and weeks of preparation to clear regulatory hurdles, the Taiwan Futures Exchange finally announced today in an official notice that RMB futures will launch on Monday, July 20th. You can read the official notice below: The USD/CNT FX futures(RTF) and USD/CNH FX futures(RHF) will be launched on July 20th. The position limits of…
Read moreLaunching today, the indicative quotes aim at increasing the price transparency for RMB-denominated institutional bonds issued in Hong Kong by the Ministry of Finance of the People’s Republic of China
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 moreThe latest RMB Tracker by SWIFT shows RMB payments accounted for 2.18% of global payments in May 2015.
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