China
AUDIO: QE3, China and trendless markets
Nick Beecroft, senior markets consultant at Saxo Bank in London, says the risks of crisis 2.0 have just gone up.
Yuan: The only way is up
Four currency strategists explain why they expect the Chinese yuan to continue to strengthen against the dollar
Foreign exchange concerns prompt investors to seek diversification
People on the buy-side give their thoughts on the prospect of a currency war, as central banks grapple with the problem of how much to intervene in their FX markets
China key to euro fortunes
Simon Derrick, global head of FX strategy at Bank of New York Mellon in London says China’s fortunes are tightly entwined with those of the euro
SEB launches offshore Chinese yuan services
SEB has launched an offshore Chinese yuan (CNH) cash management, trade finance and foreign exchange business, officials announced today (December 13).
First offshore renminbi swaption accomplished in Hong Kong
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
Asia Risk Congress 2010: Asian banks prepare for national clearing houses
Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms
China inflation suggests more rate hikes likely
Brian Jackson, senior strategist at RBC Capital Markets in Hong Kong, looks at China's policy reaction to worsening inflation
Battle of the currencies
Authorities around the globe remain vigilant against hot money
Banks announce renminbi product firsts
HONG KONG & DUBAI – HSBC and Standard Chartered announced a number of firsts last week, as they try to take a lead role in the growth of the offshore renminbi market.
HSBC completes first US cross-border renminbi trade settlement
NEW YORK - HSBC USA completed its first US cross-border renminbi settlement, following the extension of China’s renminbi trade-settlement pilot programme in June.
Citi opens China desks overseas as companies expand
Citi has opened hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services, and lending activities.
BoC and Bocom set to open first mainland bank rep offices in Taiwan
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have…
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
China not likely to relent over yuan
Michael Derks, chief strategist at retail trading company FxPro in London, says US disappointment with the pace of yuan appreciation looks set to continue
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
Citi expands investor sales in Asia Pacific
HONG KONG - Citi has made key hires in the Asia Pacific as part of efforts to expand its investor sales coverage.
The risks of ongoing imbalances
Pete Luxton, global economic adviser at Informa Global markets in London, looks at the implications of the ongoing external imbalances
Ability of Bric nations to revive global economy exaggerated, say analysts
The contribution of Brazil, Russia, India and China to the world economy is still too small to compensate for low demand in advanced economies.
China beefs up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
What to watch in Asia
Albert Leung and Subodh Kumar, Asian strategists at Citi in Hong Kong and Singapore, say China's July macro data and the Shanghai Composite Index are the key indicators of Asia's performance
Gold points to repeat of summer 2008
Simon Derrick, chief foreign exchange strategist at Bank of New York Mellon in London, looks at where gold is heading and what this says about investor sentiment
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Banks and financial institutions are ramping up efforts to launch new products to tap the growing appeal of investment opportunities in the mainland China market. The trend intensified last week in the renminbi offshore centre of Hong Kong, after China…