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Institutional FX

Guotai Junan Joins Hong Kong’s HKD-RMB Dual Counter Trading

  • The securities broker started a market-making business on Monday.
  • HKD-RMB Dual Counter Model was launched by the Hong Kong stock exchange.
Monday, 19/06/2023 | 15:54 GMT by Jared Kirui
Exchanges

MOEX, China Foreign Exchange Trade System Sign MoU

  • The MoU will aim to facilitate collaboration and to unify the liquidity pools for trading with the RMB/RUB.
Tuesday, 19/11/2019 | 10:59 GMT by Jeff Patterson
Payments

SWIFT Tracker Underscores Continued Decline in RMB Usage in 2018

  • The data reveals a continued decline of the RMB in terms of domestic and international payments by value
Friday, 30/03/2018 | 09:32 GMT by Jeff Patterson
Execution

RMB Usage Continues to Decline, UK Ranks as 2nd Largest Clearing Center

  • RMB usage has failed to grow over the past year, declining by 32% since January 2016.
Friday, 23/02/2018 | 10:16 GMT by Jeff Patterson
Execution

SWIFT Report Signifies Sluggish 2017 for China’s RMB

  • The report illustrates the currency’s struggle to gain momentum over the course of 2017, and addresses its future outlook.
Thursday, 01/02/2018 | 11:56 GMT by Finance Magnates Staff
Execution

RMB Usage Holding Steady in January, Unable to See Growth – SWIFT Data Shows

  • The RMB could not overtake the CAD in terms of usage, falling by nearly 3% on a month-over-month basis in January.
Thursday, 23/02/2017 | 13:50 GMT by Jeff Patterson
Execution

RMB Usage Tanks in 2016, Falling to Sixth Most Utilized Currency by Payments

  • RMB usage dove nearly -30.0% YoY in 2016, with a slowing Chinese economy driving this trend.
Thursday, 26/01/2017 | 11:52 GMT by Jeff Patterson
Exchanges

SGX’s November Renminbi Futures Strike All-Time High Amidst Volatility

  • The SGX's latest volumes show a strong uptick in USD/CNH futures contracts MoM.
Friday, 02/12/2016 | 18:52 GMT by Jeff Patterson
Execution

RMB Usage Sees Decline in October, Falls to Sixth Most Utilized Currency

  • The RMB has lost ground in the international payments realm, falling to the 6th spot, behind the Canadian dollar.
Wednesday, 23/11/2016 | 14:34 GMT by Jeff Patterson
Execution

RMB Usage Rises in September, Overtaking Key Metrics, SWIFT Data Shows

  • 57 countries have now broken a 10% threshold by RMB usage for direct payments, its highest figure ever.
Thursday, 27/10/2016 | 18:31 GMT by Jeff Patterson
Trading

Bitcoin Price Volatility Returns due to Chinese RMB Devaluation

  • After being stuck for a while in a range around the $610 price level, Bitcoin jumped as high as $640.
Thursday, 13/10/2016 | 11:25 GMT by Avi Mizrahi
Execution

SCB China Launches Direct Trading for UAE, Saudi Currencies

  • The bank has launched a direct trading business for RMB/AED and RMB/SR due to the currency's increasing role in trading.
Thursday, 29/09/2016 | 14:36 GMT by Finance Magnates Staff
Execution

RMB’s Global Payments Share Holds Steady in August, SWIFT Data Shows

  • The UAE has seen a strong growth in RMB usage in August, while the currency has held its top 5 spot for global payments.
Tuesday, 27/09/2016 | 10:11 GMT by Jeff Patterson
Exchanges

ASX Augments Securities Capabilities via New RMB Depository Service

  • The new service allows Austraclear participants to settle and hold RMB-denominated securities, expanding its existing suite.
Thursday, 08/09/2016 | 13:24 GMT by Jeff Patterson
Analysis

Joining the VIP Club: Implications of RMB Becoming an IMF Reserve Currency

  • Finance Magnates examines how the IMF adding the RMB to its SDR currencies basket could affect the trading industry.
Wednesday, 31/08/2016 | 12:11 GMT by Avi Mizrahi
Payments

RMB Sees Increase in Global Usage, South African Market Penetration

  • The RMB continued to see a strong market penetration in South Africa over the past two years, Swift data shows.
Wednesday, 24/08/2016 | 13:28 GMT by Jeff Patterson
Execution

ICBC Integrates SWIFT’s Watch Analytics Suite for its Regional, RMB Agenda

  • ICBC is looking to achieve a number of new capabilities with the assimilation of SWIFT's Watch capabilities.
Friday, 12/08/2016 | 06:40 GMT by Jeff Patterson
Analysis

The Golden Era: China’s New RMB-Denominated Gold Benchmark

  • Understanding how Gold is deeply rooted in Chinese culture and looking at the gold trading industry closer than ever before.
Monday, 08/08/2016 | 14:34 GMT by Sylwester Majewski
Payments

RMB’s Global Payments Share Declines in June, SWIFT Data Shows

  • RMB usage fell to the sixth most utilized in the world after the CAD in June.
Thursday, 21/07/2016 | 13:41 GMT by Jeff Patterson
Payments

RMB Adoption Stagnates in US in May, SWIFT Data Shows

  • RMB usage in the US was a mixed bag, despite retaining its spot as the 6th most utilized world currency.
Tuesday, 28/06/2016 | 18:43 GMT by Jeff Patterson
Exchanges

Thomson Reuters HKEX Renminbi Currency Index Series Launch Co-Branded

  • HKEx and Thomson Reuters team up on launch of co-branded RMB indexes.
Thursday, 23/06/2016 | 10:53 GMT by Steven Hatzakis
Exchanges

Poland’s WSE Inks Deal with Haitong Bank as Chinese Delegates Visit Warsaw

  • WSE also inks deal with Chinese Securities Association of Hong Kong amid visit.
Monday, 20/06/2016 | 13:08 GMT by Steven Hatzakis
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