“Our clients can already open RMB accounts, settle trades in RMB and enjoy executing RMB electronically using our CommBiz Markets platform with single sign on settlements capability,” said CBA executive general manager, international institutional banking and markets, James Rickward.
Read more“The big picture behind all these indices have changed, China’s share of global trade has probably tripled in the last decade,” Gabriel de Kock, a JPMorgan economist in New York said in a Bloomberg interview.
Read moreInitiative will strengthen China's RMB infrastructure and will include more RMB-denominated products and solutions, such as the development of RMB-denominated commodities and derivatives contracts, as well as enhancing RMB clearing and settlement services.
Read moreClearstream now offers five offshore RMB accounts in four leading financial centres and will give customers more options and flexibility in managing offshore RMB liquidity
Read moreMoscow Exchange, the leading marketplace for trading currencies and derivatives in Russia and the Commonwealth of Independent States, is enhancing its trading instruments lineup. Starting today, March 17th, the venue offers its clients to trade futures contracts on the pair Chinese Renminbi/Russian Rouble (CNY/RUB). In its announcement, the Exchange says the main rationale for the…
Read moreCanada and China have the potential to work together as a link between the Western business world and mainland China, furthered by the proposed establishment of an RMB hub, announced by Prime Minister Stephen Harper during his visit to China this past November, which will allow for the RMB to be traded freely with the Canadian dollar
Read moreThe yuan, also known as the renminbi (RMB), overtook the Canadian dollar and the Australian dollar to enter the top five of world payment currencies in November, according to a SWIFT statement.
Read moreGuotai Junan Securities Chinese brokerage will be the first non-bank to enter the interbank FX business, sources with direct knowledge of the matter said on Wednesday.
Read moreThe China Post is reporting that DBS Bank China announced Tuesday that it has completed its first renminbi (RMB) to Singapore dollar (SGD) spot deal as an official RMB-SGD market maker. The deal is also the first RMB-SGD deal in mainland China's interbank market since the launch of direct RMB-SGD trading this Tuesday, the bank…
Read moreSingapore is Asia's largest FX market, and the largest offshore RMB clearing centre outside of Greater China.
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