China entrenching itself further as a gold center on a day the safe haven metal is trading up over 1% as traders shun fiat currency on the back of the Swiss National Bank removing the price floor on the Euro currency
Read moreThese checks will help banks "curb illegal FX operations and criminal activities" and limit their risk exposure, China's State Administration of Foreign Exchange (SAFE) said. In the press conference held today, Wang Yungui, director of the Comprehensive Department at the SAFE also made note of FX margin trading...
Read moreThe UK is set to become the first foreign country to print an offshore renminbi bond, a move that points to the currency's growing global appeal and the UK's desire for London to be the major offshore renminbi hub.
Read moreChina will start direct trading between the yuan and the euro as soon as tomorrow as the world’s second- largest economy seeks to spur global use of its currency. The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said…
Read moreThe foreign exchange markets at all levels continue to develop in the 2nd largest economy in the world...
Read morePartnership announced to support initiative that sees stronger ties with Chinese currency
Read moreEU now makes up 10% of global offshore renminbi market
Read moreLeading Binary Options Platform Provider, SpotOption, expands into China's most dynamic and prosperous industrial hub. SpotOption currently has 50 Asian clients, and this number is predicted to double by next year.
Read moreThe offshore RMB market has evolved rapidly since 2010 and there have been periods of significant pricing dislocation between onshore and offshore forex and interest rate markets.
Read moreChina's renminbi (RMB) is on track to become the third-largest international currency behind the US dollar and the euro within five years as the eastern nation accelerates promotion of its unit, says a study. Last year, RMB cross-border trade settlement amounted to 4.63 trillion yuan ($746 billion), up 57.5% from 2012. It accounted for 2.5%…
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