The 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 moreThe addition of offshore renminbi to the lineup marks another milestone in ParFX's expansion and reiterates the importance of the Asian market.
Read moreThe Mini Onshore Renminbi futures and Mini Offshore Renminbi futures are part of a set of five new contract types that ICE Futures Singapore and ICE Clear Singapore will launch on November 17, 2015.
Read moreTrading volumes with the CNY/RUB pair reached CNY 1.95 billion on August 24, 2015, the highest ever daily result for this instrument.
Read moreThe People's Bank of China decided to devalue the yuan on Tuesday August 11th, 2015, allowing the currency to weaken against the dollar to its lowest point in nearly three years.
Read moreU.S. Treasury Secretary Jacob Lew and other senior administration officials have said over the last several months that Beijing’s reserve-currency effort is fortuitous timing, and the IMF is now looking toward further fiscal rules in order to consider entering the Yuan as a reserve currency
Read moreThe Chinese Yuan retained its position as the fifth most used currency for global payments in April 2015, accounting for 2.07% of world payments.
Read moreChinese officials have stated that Shanghai Free Trade Zone would start a trial program for qualified individual investors to invest abroad, and permit limited amounts of the yuan to be used for free conversion within the year
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 moreUS Secretary of the Treasury Jack Lew returns from China and states that the Yuan is not ready for the prime time
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