The US national debt has reportedly exceeded 26 trillion US dollars. Analysts have indicated that the fast increase in US Treasury bonds may leave an impact on the fiscal budget and consequently exacerbate the current financial crisis. The United States’ management of the negative impact on its economy will show if the dollar can endure.…
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Moscow Exchange (MOEX) today announced further collaboration with the Shanghai Stock Exchange (SSE) as the two exchanges signed a strategic cooperation agreement during a meeting in Moscow on Monday of this week, May 22nd 2017. The strategic cooperation agreement focuses on a number of areas of shared interest to MOEX and SSE that can support…
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The launch of Bloomberg's RMB Bond Suite is an extension of the company's broader strategic focus on China's fixed income market, following the recent inclusion of Chinese bonds into its global fixed income indices Bloomberg today announced the launch of its new RMB Bond Suite, a set of advanced fixed income investment tools for China's…
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Coming soon will be the first of their kind gold futures contracts denominated in CNH and US$ available on the same platform. Hong Kong Exchanges and Clearing Limited (HKEX) plans to introduce physically settled CNH (offshore Renminbi, or RMB) and US dollar (US$) Gold Futures contracts in the third quarter of this year, subject to…
Read moreThe People's Bank of China (PBOC), China’s central bank announced today it authorized Bank of China's (BOC's) New York branch to provide Renminbi (RMB) clearing services in the United States. It is the first time for China to set up an RMB clearing bank in the United States. The decision was made according to a…
Read moreASX today announces that it has launched a renminbi (RMB) securities depository service. The new service extends the portfolio of RMB services developed by ASX in cooperation with the Bank of China Limited, Sydney Branch (Bank of China) for Australia’s financial markets. ' The depository service enables issuers to issue RMB-denominated securities directly into Austraclear…
Read moreTMX 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…
Read moreHong Kong Exchanges and Clearing (HKEX) and Thomson Reuters today signed an agreement for the creation of a new series of Renminbi (RMB) indices. HKEX has taken the lead amongst exchanges in RMB offerings, just yesterday the exchange announced new RMB futures contracts to commence at the end of May. The new index series will…
Read moreHong 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…
Read moreLondon Stock Exchange today saw the second RMB denominated government bond of a non-Chinese issuer admitted to trading on its markets. The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary…
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