Foreign Exchange

Standard Chartered among first banks in renminbi cross-border trade

Standard Chartered among first banks in renminbi cross-border trade

The Standard Chartered Bank Hong Kong signed the agreement for the implementation of Renminbi cross-border trade settlement pilot scheme with Bank of...

Hong Kong boosts role as renminbi centre for China

Hong Kong banks will encourage customers engaged in trade between Hong Kong and Mainland China to settle trade transactions in renminbi.

Philippines GIR for end-May at US$39 billion

The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s level.