The rise of the renminbi's prominence to the global economy, along with China's huge status as creditor nation, has made SAFE an increasingly important player in international forex and financial markets...
Read morePepperstone is proud to announce the addition of the USDCNH currency pair.
Read moreLast year the BIS listed Singapore as the largest FX center in Asia and the third biggest in the world; now it has overtaken London in offshore RMB clearing, which until now was number one... Back in March we reported that the top offshore RMB hub remained London (excluding Hong Kong and Mainland China) but…
Read moreFXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients. CNH is an offshore version of the RMB introduced by…
Read moreBoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…
Read moreHong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011 According to the latest SWIFT RMB Tracker (February 2014), the top offshore RMB hub remains London (excluding Hong Kong and Mainland China). Singapore is right behind London in weight and rank and is gaining volume. Singapore yuan clearing volume…
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