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renminbi
LME Clear Accepts Collateral Payments in Offshore Renminbi
- In another sign that the Chinese currency is internationalising, the London clearing house embraces CNH cash collateral payments.
Tuesday, 28/07/2015 | 19:47 GMT by
Andy Traveller
Firms in Singapore, Malaysia, Germany & UAE Top Ranks of CNY Endorsers
- According to the results from HSBC’s annual RMB survey, usage has been steadily climbing with discussions about the Chinese yuan as a business enabler reaching about 22% of company boards worldwide.
Tuesday, 24/03/2015 | 15:53 GMT by
Victor Golovtchenko
Moscow Exchange Launches Chinese Renminbi Futures
- The new instrument has started trading on Tuesday with the CNY/RUB futures marking a milestone in the offering by the Moscow Exchange which now provides a full range of Renminbi trading instruments.
Tuesday, 17/03/2015 | 08:29 GMT by
Victor Golovtchenko
Chinese Renminbi Breaks into Top 5 of World's Most Popular Payment Currencies
- After a monthly growth rate of 20% in December the Chinese currency has steamed past the Australian and Canadian dollars which have been affected by falling commodity prices in the past six months.
Wednesday, 28/01/2015 | 12:58 GMT by
Victor Golovtchenko
FxPro Cuts Renminbi Trading Margin Requirements, Opening the Door for More Client Demand
- The FCA regulated broker is aiming to provide additional incentives for trading the Chinese currency just as more analysts are expecting that the renminbi will start behaving more and more like a “normal currency”.
Wednesday, 26/11/2014 | 19:06 GMT by
Victor Golovtchenko
Chinese Yuan Global Payments Market Share Drops in November, Maintains 7th Spot
- The latest set of data from the SWIFT Renminbi Monthly Tracker report is revealing that the liquidity squeeze on mainland China could have materially affected global flows throughout the past month.
Wednesday, 26/11/2014 | 14:13 GMT by
Victor Golovtchenko
Deutsche Börse Purchased a Stake in Interbank Liquidity Pool for Emerging Currencies - R5FX
- The London based FinTech firm specializing in emerging currencies (Real, Rand, Rupee, Rouble, RENMINBI), R5FX combines the benefits of both exchange and OTC models for this sector of the global FX market.
Thursday, 20/11/2014 | 15:23 GMT by
Avi Mizrahi
The First Renminbi Trading Hub in North America Is Toronto
- The Canadian capital has become the first financial center in North America to clear trade in Chinese yuan as China and Canada sign a reciprocal currency deal aiming to facilitate trade between the countries.
Tuesday, 11/11/2014 | 12:52 GMT by
Victor Golovtchenko
Renminbi Maintains 7th Spot in Global Payments, Closing in on Canadian Dollar
- According to the RMB tracker report released by SWIFT, the Canadian dollar’s sixth spot is hanging in the air as the Chinese currency is on track to surpass it this month, trailing it by only six basis points.
Thursday, 30/10/2014 | 14:49 GMT by
Victor Golovtchenko
HKEx Plans to Launch RMB Denominated Aluminium, Zinc and Copper Futures
- After one of its subsidiaries was named administrator for platinum and palladium benchmarking, the parent company HKEx announces new aluminium and zinc contracts that coincidentally relate to ongoing legal challenges in the US and UK.
Wednesday, 22/10/2014 | 01:18 GMT by
George Tchetvertakov
Citi Launches Automatic Renminbi Sweeping Through the Shanghai FTZ
- Cash pooling of the Renminbi currency has been an issue for virtually all companies who have been receiving cash income in CNY, the automated sweeping solution by Citi is bridging the gap though Shanghai FTZ rules.
Thursday, 16/10/2014 | 07:48 GMT by
Victor Golovtchenko
Global Renminbi Payments Are Growing Steadily as China Mulls Unrestrained Currency Liberalization
- SWIFT is reporting that 35% of businesses now use the Renminbi for international payments. Continuous growth in Renminbi use could eventually force China's hand in how it disentangles itself from currency management.
Friday, 26/09/2014 | 11:56 GMT by
George Tchetvertakov
Renminbi Internationalisation Embraced by the Reserve Bank of Australia
- An official Chinese yuan clearing bank likely to be designated in the coming months, following London, Frankfurt, Paris, Luxembourg and Seoul and paving the way to China's onshore interbank CNY payments system.
Wednesday, 23/07/2014 | 21:16 GMT by
Victor Golovtchenko
China to Reduce Yuan Exchange Rate Intervention - Or Is It?
- Chinese financial leadership sends seemingly conflicting messages about its commitment to stop fixing the Yuan’s rate and let it flow freely against the Dollar. A closer look though may reveal a consistent policy.
Thursday, 10/07/2014 | 11:48 GMT by
Avi Mizrahi
Singapore Surpasses London for Second Top Offshore Yuan Clearing Destination
- Hong Kong retains its top position by a huge margin, with 72.4% of transactions in offshore Renminbi, as Yuan volatility picks up and demand for FX clearing services keeps rising in South-East Asia.
Monday, 28/04/2014 | 22:06 GMT by
Victor Golovtchenko
China SAFE to Conduct More Rigorous Checks of FX Businesses
- The PBOC's arm responsible for the FX market, the Chinese State Administration of Foreign Exchnage is raising alarm bells about bank conduct of FX regulations, as the Renminbi hits fresh 14 month lows.
Wednesday, 23/04/2014 | 12:17 GMT by
Victor Golovtchenko
FXCM Launches USD/CNH Pair to Clients As Interest in China's Off-shore Renminbi Builds
- US-based FX Broker listed on the NYSE under ticker symbol FXCM, has today announced the launch of the US Dollar versus the Chinese Yuan, as a pair for clients to trade the offshore Renminbi as interest in it grows.
Wednesday, 09/04/2014 | 09:00 GMT by
Steven Hatzakis
Saxo Bank Launches USDCNH OTC Options, Fortifying Existing CNH Offering
- Versatile multi asset broker Saxo Bank, has announced the new launch of over-the-counter (OTC) options on its USDCNH platform, granting clients more diverse exposure to Chinese Renminbi trading.
Monday, 07/04/2014 | 12:18 GMT by
Jeff Patterson
BTC-e Launches Yuan Denominated Bitcoin and Litecoin Trading
Sunday, 30/03/2014 | 18:57 GMT by
Ron Finberg
SWIFT Tracking Sees RMB Exposure Surge 248% YoY across Aussie FX and Investments
- SWIFT's currency tracking has announced that Chinese Renminbi (RMB) payments value for the month ending February 2014 exploded 248% YoY as fx activities continue to drive the currency's exposure in Australia.
Wednesday, 26/03/2014 | 16:22 GMT by
Jeff Patterson
Full Chinese Yuan Convertibility within Shanghai FTZ by June
- The days of full convertibility of the Chinese Yuan might be closer than even the most optimistic crowd has been suggesting - the Shanghai Free Trade Zone is affirmed as the testbed for new policies
Tuesday, 25/03/2014 | 23:11 GMT by
Victor Golovtchenko
U.K. Hot for Chinese Currency as IFC to Issue 1Billion RMB-based Bond in London
- As China's currency becomes internationlized, the largest issued bond coming from a Multilateral organization backed by 184 member countries is set to issue in March for 1 billion RMB ($165 Million) in London.
Thursday, 27/02/2014 | 22:41 GMT by
Steven Hatzakis
Open for Business: ASX Gains RMB Settlement Service for Its Asset Suite Via Bank of China
- The ASX and the Bank of China inked an agreement to provide Sino-Australian financial markets with RMB settlement services, extending the exposure of the currency to a multitude of asset classes.
Tuesday, 18/02/2014 | 03:27 GMT by
Jeff Patterson
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