Foreign Exchange

Can China make the renminbi a global currency?

Can China make the renminbi a global currency?

Chinese banks are expanding cross-border use as Beijing keeps capital controls.

Citi hires three FX Options traders in Singapore

Eric Poon has been named director of the FX EM Options Asia trading team.

Citi to bank foreign firms investing in Thailand

Citi said it will facilitate cross-border transactions through trade finance, FX, and treasury.

Chinese banks ramp up overseas investments as low domestic rates bite

The RMB’s share of global trade finance surged to 8.5% in early 2026.

RBI bans non-deliverable INR derivatives

Authorised dealers may still offer deliverable FX derivative contracts.

SMBC appoints Salim Zaman as global head of FX

Zaman will continue to serve as co-head of global markets and treasury in APAC.

DBS expands FX and commodities products as clients seek higher returns

DBS' 300,000 wealth clients are increasingly embracing FX and precious metals, said Rohit Meena.

China and New Zealand renew currency swap facility

It is valid for 5 years and has been renewed three times before.

StanChart, Ant Int’l introduces AI powered treasury and FX solution

It aims to lower FX costs and enhance risk management for Ant Int’l and its clients.

Citi teams up with Ant to improve airline FX solutions

The Falcon TST Model can predict future data points by learning patterns using AI.

China and Egypt strengthen cooperation on settlements, CBDCs

They are enhancing cooperation in local currency settlement.

SMBC commences simplified foreign currency remittances in China

It is currently available in five of its branches in China.

Citi names Nathan Swami as head of markets for Singapore

Smith Smithangura is retiring by the end of June 2025.

Lloyds, BNP Paribas launch new FX algorithmic execution service

Clients are expected to execute large FX trades more efficiently.

Barclays integrates Ant Int’l model to FX hedging platform

Ant Interntional has completed the first batch of intra-group FX transactions with Barclays.