Tag: Renminbi

June 21, 2016 BY Mike Fox

TMX Group signs MoU With Shanghai Clearing House focused on RMB

TMX Group and Shanghai Clearing House (SHCH) today announced the signing of a Memorandum of Understanding (MoU) to establish a cooperative relationship to share information with respect to each other's businesses and explore opportunities for collaboration. Under the terms of the MoU, TMX Group and SHCH will form a working group to evaluate joint business…

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May 23, 2016 BY Mike Fox

HKEX to launch additional RMB FX futures by end of May

Hong Kong Exchanges and Clearing Limited (HKEX) has received regulatory approval to introduce its planned cash-settled Euro-Renminbi (RMB), Japanese yen-RMB, Australian dollar-RMB and RMB-US dollar futures on Monday, 30 May 2016. HKEX is following up on their plans to further enhance its RMB offering outlined in their 2015 review; coming on the back of achieving yearly record…

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February 11, 2016 BY Mike Fox

Open interest hits all-time high in Renminbi futures on HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) the Hong Kong securities and derivatives market announced another record-setting day today for HKEX’s RMB Currency Futures contracts. Open interest hit an all-time high of 32,009 contracts (US$3.2 billion notional), and volume on February 11th hit 7,711 contracts (US$771 million notional), the second highest ever. Today was also the fourth consecutive…

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February 04, 2016 BY Mike Fox

TransferWise now supports renminbi transfers to Chinese UnionPay

TransferWise announced today it now supports Chinese Yuan (CNY) transfers to Chinese UnionPay card accounts. The service starts off with a fee starting from ¥24 ($3.65). China is currently the most expensive major currency corridor, according to the World Bank, with the average cost of sending $200 (£140) from the UK to China standing at…

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February 02, 2016 BY Mike Fox

Bosch chooses Deutsche Bank’s ERP solution for RMB payments in China

Deutsche Bank AG (ETR:DBK) today announced that it has implemented an electronic ERP integration solution for Bosch’s foreign currency and RMB cross-border payments in China. Deutsche Bank’s ERP integration solution enables Bosch to streamline its accounts payables processes in China introducing electronic processing of physical documents and the associated regulatory reporting. Headquartered in Germany, Bosch is a…

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