Tag: RMB

April 24, 2014 BY Gerald Segal

FXPRIMUS now offering RMB & TURKISH LIRA pairs to it's traders

FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients. CNH is an offshore version of the RMB introduced by…

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March 27, 2014 BY Gerald Segal

London creates Renminbi clearing bank with China’s blessing

BoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…

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March 25, 2014 BY Gerald Segal

Singapore surging to take on more offshore RMB

Hong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011 According to the latest SWIFT RMB Tracker (February 2014), the top offshore RMB hub remains London (excluding Hong Kong and Mainland China). Singapore is right behind London in weight and rank and is gaining volume. Singapore yuan clearing volume…

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