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RMB
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Institutional FX
Guotai Junan Joins Hong Kong’s HKD-RMB Dual Counter Trading
2023-06-19T17:54:55.439+02:00
The securities broker started a market-making business on Monday.
HKD-RMB Dual Counter Model was launched by the Hong Kong stock exchange.
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Exchanges
MOEX, China Foreign Exchange Trade System Sign MoU
2019-11-19T12:59:54.000+02:00
The MoU will aim to facilitate collaboration and to unify the liquidity pools for trading with the RMB/RUB.
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Payments
SWIFT Tracker Underscores Continued Decline in RMB Usage in 2018
2018-03-30T11:32:24.000+02:00
The data reveals a continued decline of the RMB in terms of domestic and international payments by value
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Execution
RMB Usage Continues to Decline, UK Ranks as 2nd Largest Clearing Center
2018-02-23T12:16:32.000+02:00
RMB usage has failed to grow over the past year, declining by 32% since January 2016.
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Execution
SWIFT Report Signifies Sluggish 2017 for China’s RMB
2018-02-01T13:56:22.000+02:00
The report illustrates the currency’s struggle to gain momentum over the course of 2017, and addresses its future outlook.
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Execution
RMB Usage Holding Steady in January, Unable to See Growth – SWIFT Data Shows
2017-02-23T15:50:23.000+02:00
The RMB could not overtake the CAD in terms of usage, falling by nearly 3% on a month-over-month basis in January.
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Execution
RMB Usage Tanks in 2016, Falling to Sixth Most Utilized Currency by Payments
2017-01-26T13:52:39.000+02:00
RMB usage dove nearly -30.0% YoY in 2016, with a slowing Chinese economy driving this trend.
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Exchanges
SGX’s November Renminbi Futures Strike All-Time High Amidst Volatility
2016-12-02T20:52:37.000+02:00
The SGX's latest volumes show a strong uptick in USD/CNH futures contracts MoM.
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Execution
RMB Usage Sees Decline in October, Falls to Sixth Most Utilized Currency
2016-11-23T16:34:16.000+02:00
The RMB has lost ground in the international payments realm, falling to the 6th spot, behind the Canadian dollar.
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RMB Usage Rises in September, Overtaking Key Metrics, SWIFT Data Shows
2016-10-27T20:31:35.000+02:00
57 countries have now broken a 10% threshold by RMB usage for direct payments, its highest figure ever.
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Trading
Bitcoin Price Volatility Returns due to Chinese RMB Devaluation
2016-10-13T13:25:41.000+02:00
After being stuck for a while in a range around the $610 price level, Bitcoin jumped as high as $640.
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Execution
SCB China Launches Direct Trading for UAE, Saudi Currencies
2016-09-29T16:36:38.000+02:00
The bank has launched a direct trading business for RMB/AED and RMB/SR due to the currency's increasing role in trading.
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Execution
RMB’s Global Payments Share Holds Steady in August, SWIFT Data Shows
2016-09-27T12:11:13.000+02:00
The UAE has seen a strong growth in RMB usage in August, while the currency has held its top 5 spot for global payments.
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Jeff Patterson
Exchanges
ASX Augments Securities Capabilities via New RMB Depository Service
2016-09-08T15:24:29.000+02:00
The new service allows Austraclear participants to settle and hold RMB-denominated securities, expanding its existing suite.
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Analysis
Joining the VIP Club: Implications of RMB Becoming an IMF Reserve Currency
2016-08-31T14:11:07.000+02:00
Finance Magnates examines how the IMF adding the RMB to its SDR currencies basket could affect the trading industry.
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Payments
RMB Sees Increase in Global Usage, South African Market Penetration
2016-08-24T15:28:30.000+02:00
The RMB continued to see a strong market penetration in South Africa over the past two years, Swift data shows.
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Execution
ICBC Integrates SWIFT’s Watch Analytics Suite for its Regional, RMB Agenda
2016-08-12T08:40:53.000+02:00
ICBC is looking to achieve a number of new capabilities with the assimilation of SWIFT's Watch capabilities.
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Analysis
The Golden Era: China’s New RMB-Denominated Gold Benchmark
2016-08-08T16:34:21.000+02:00
Understanding how Gold is deeply rooted in Chinese culture and looking at the gold trading industry closer than ever before.
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Payments
RMB’s Global Payments Share Declines in June, SWIFT Data Shows
2016-07-21T15:41:30.000+02:00
RMB usage fell to the sixth most utilized in the world after the CAD in June.
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Payments
RMB Adoption Stagnates in US in May, SWIFT Data Shows
2016-06-28T20:43:55.000+02:00
RMB usage in the US was a mixed bag, despite retaining its spot as the 6th most utilized world currency.
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Exchanges
Thomson Reuters HKEX Renminbi Currency Index Series Launch Co-Branded
2016-06-23T12:53:31.000+02:00
HKEx and Thomson Reuters team up on launch of co-branded RMB indexes.
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Exchanges
Poland’s WSE Inks Deal with Haitong Bank as Chinese Delegates Visit Warsaw
2016-06-20T15:08:15.000+02:00
WSE also inks deal with Chinese Securities Association of Hong Kong amid visit.
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