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.
Citi appoints James Carolan to lead FX structuring & solutions
He was most recently worked at Deutsche Bank.
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 renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
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.
Commentary
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
From stablecoins to sovereignty: The rise of trust-based digital dollar systems