Foreign Exchange
Taiwan includes renminbi in central bank forex reserves
Taiwan includes renminbi in central bank forex reserves
Recognizes globalization of the renminbi.
RMB deposits in Hong Kong up 2.1% to RMB709.5b
Hong Kong-dollar deposits also rose 0.6%.
China, Iceland extend currency swap agreement
China extends currency swap deal with Iceland Deal worth US$569.1 million.
Bank of China and SGX agree to develop RMB market
Sign MoU to grow Chinese business.
BNP Paribas helps investors detect mispricings in 21 EM currency pairs in Asia
Check out the new EM STEER.
Chinese banking system net forex purchases hit US$4.48 billion
August increase suggests resumed capital inflows.
Lithuania and China sign securities regulation agreement
Permits direct Lithuanian investment in China’s financial markets.
China and Albania in currency swap deal
Deal is worth US330 million.
China and Hungary sign FX swap deal
Swap is worth US$1.62 billion.
RMB trade settlements hit RMB2.05 trillion in H1
It’s a record for one semester.
Only 1 in 5 Asian SMEs use FX options and forward FX
Malaysian businesses are the least engaged in these products.
India forms currency swap agreements task force
Intends to help bridge the current account deficit.
China, Africa using more RMB for direct trade settlements
Bank of China says more direct RMB settlements needed.
This is why the currency's decline is credit positive for Australian banks
It reduces the banks' offshore funding task.
MAS loses S$10.61 billion as currency strengthens
It’s the second loss in three years.
China denies foreign exchange withdrawal
Chinese banks post forex deficit of US$400 million in June.
China banks' June net forex sales plunge 62%
Dramatic drop suggests accelerating capital outflow.
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