Foreign Exchange
StanChart, ABC ink MOU to provide RMB clearing services in the UK
StanChart, ABC ink MOU to provide RMB clearing services in the UK
Will boost London's post as top offshore RMB hub.
Taiwan's RMB deposits hit new high of 123.2b in October
That's in domestic and offshore banking units.
Britain looks into establishing renminbi clearing bank
Needed to improve liquidity.
StanChart establishes Global RMB Trading team for clients
It'll comprise traders across key markets.
StanChart RMB globalisation index inched 3% higher to 1,183
Here's what boosted this growth.
State Bank of Vietnam launches real-time FX trade monitoring system
Partners with Thomson Reuters.
Philippines, Bank of China launch Domestic Renminbi Transfer Service
Service will integrate with the renminbi global payment system.
South Korea looks for more bilateral currency swap deals
Koreans reducing dependence on US dollar.
China’s banking system's net forex purchases rocket in September
Jumps 3,600% to US$20.7 billion from US$4.5 billion in August.
Singapore, China will allow direct trading between currencies
Will strengthen Singapore's status as leading offshore RMB hub.
RMB jumps to 8th spot as most traded currency in the world
Market share is now up to 1.49%.
South Korea, Malaysia in currency swap deal
Swap agreement is worth US$4.7 billion.
Thailand to have renminbi clearing bank
Will help boost trade settlements renminbi.
ECB and China in US$57 billion swap agreement
Deal will initially cover three years.
India speeds-up internationalization of the rupee
Will launch first offshore rupee bond program.
China to establish RMB clearing bank in Thailand
China is Thailand's largest trading partner.
Should Taiwan join the race of depreciaiton?
The issue of currency depreciation has been discussing in Taiwan for a long time.This is because Korea has successfully depreciated Won assisting...
Thought Leadership Centre
Most Read
1. Citi expands AI rollout to Indonesia 2. Nine in 10 investors do not trust AI for investment decisions 3. SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services 4. UOB and ANTA sign MOU for cardholder discounts 5. HSBC pilots digital structured product issuance in Hong KongResource Center
Read Here
Advertise
Sign Up
Event News
Banks can respond by moving toward a hybrid advisory model.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC