Tag: Yuan trading

February 07, 2014 BY Gerald Segal

FXall sees record forex volumes month in January

FXall's $123 billion ADV January included a $197 billion day, its highest tally ever. China volume record too. Looks like 2014 is getting off to a great start in the institutional forex world. After seeing ICAP's EBS platform climb 23% from December (although still well behind last year), Thomson Reuters' own Forex ECN platform as…

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February 07, 2014 BY Gerald Segal

Moscow Exchange looks east – launches China ETF

Russia's leading exchange has been focusing on increasing its business with Far East traders and investors. Moscow Exchange has announced the launch of trading in the FinEx MSCI China UCITS ETF (ticker FXCN). The FXCN tracks the MSCI China Index, which comprises 138 Chinese securities. The fund's shares will be traded on Moscow Exchange's securities…

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January 13, 2014 BY Gerald Segal

China to speed up Yuan convertibility

The central government wants a piece (or rather, a big chunk) of the reserve currency pie Over the weekend China’s forex regulator State Administration of Foreign Exchange said in a statement that acceleration of the Renminbi convertibility is one of the major goals for authorities. With the Shanghai Free Trade Zone being the test bed…

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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 05, 2013 BY Gerald Segal

China’s FTZ may allow Yuan to fully float

London, Hong Kong, Singapore and Abu Dhabi duke it out for Yuan supremacy With China’s Renminbi currency now solidly enshrined as the world’s #2 trade currency, further reforms to allow the Yuan to float are gaining steam. And, at the same time, the world’s leading financial centers are positioning themselves to become the leading places…

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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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November 19, 2013 BY Gerald Segal

China goes all out in FX market reform

Last time we saw CNY market liberalization retail volumes out of China picked up more than 30% Just as London morning trading was kicking off the People’s Bank of China (PBOC) has surprised the markets with a release of a book written by the PBOC Governor Zhou for the third Plenum, which explained in more…

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