Tag: Renminbi trading

December 17, 2013 BY Gerald Segal

Chinese authorities ease rules on Yuan denominated foreign investment

Holders of funds in Hong Kong gain easier access to mainland China investments According to a Reuters report on Monday, The Chinese Ministry of Commerce has announced a simplification of rules for foreign firms willing to park their Chinese Yuan holdings in the mainland. That just looks like another part of efforts to incentivize a…

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December 09, 2013 BY Gerald Segal

Chinese Yuan getting closer to the free FX market day by day

China to launch deposit insurance in Q1 as PBOC issues rules for deposit certificates trading Over the weekend Chinese magazine Caixun Century Weekly was cited by Marketwatch to publish information regarding the new steps that Chinese authorities are taking to liberalize deposit rates, which will ultimately lead to Renminbi convertibility. According to unnamed sources in the…

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December 03, 2013 BY Gerald Segal

Another Renminbi milestone: now #2 currency in trade finance

Global transaction services organization SWIFT releases global market share data for CNY at 8.66% in October The internationalization of the Chinese currency is gathering pace as the Renminbi appears to have achieved another milestone in the month of October according to global transaction services organization SWIFT. The market share in global trade denominated in CNY…

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