China
G10 forecaster of 2019: Rabobank
Sterling’s future is still very dependent on Brexit-related developments, the bank says
Asifma: Asian focus on smaller counterparties for IM rules
Initial margin regime, conduct principles and China's lifting of FX restrictions are focus of Asian trade body, says Ball
Banks step up stress-testing of Hong Kong dollar peg risk
Flurry of FX options trades make banks re-evaluate exposures
Danske Bank: yuan to rise on trade tailwind in 2020
Chinese currency expected to strengthen in light of economic recovery
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products in bid to ensure financial stability and curb speculation
ECB and PBoC renew bilateral currency swap
Euro-renminbi currency swap agreement will stay in place until October 2022
PBoC says its bills are better tools than bonds for China
Central bank bills will play a bigger role in stabilising yuan exchange rates, suggests PBoC research note
Kace to offer electronic distribution of FX options in China
Huge potential for China’s FX options market, but regulation and digital transformation are key
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
More global custodians approved as FX settlement banks by China
But list of eligible Bond Connect entities incomplete and some global custodians unable to provide CNY funding
USD/CNY will be the next EUR/USD, say traders
When China’s capital markets are fully open, the impact of the renminbi on FX markets will be immense
City Index: yuan likely to weaken as US-China trade war drags
China could depreciate its currency further if tensions escalate
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Markets look for yuan to reach 7.50 amid rising trade tensions
Scaling up of tariffs could weaken the renminbi further, say panellists at FX Week Asia conference
No noticeable fund outflows amid protests – HKMA
Exchange Fund sufficient to back currency in case of capital outflows, central bank says
PBoC says new digital payment system almost ready
New electronic payment system will use double-layer framework for digital currency
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
US Treasury designates China a currency manipulator
Renminbi crosses barrier of seven yuan per US dollar amid growing trade tensions on August 5
PBoC vows to keep renminbi stable
Central bank governor says yuan at appropriate level after breaking 7:1 against US dollar
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC
HKMA, PBoC extend CNY access to HK Stock Connect investors
Settling in onshore yuan gives northbound investors access to larger pool of renminbi; liquidity higher and exchange rates less volatile
SEB: tariffs won’t dampen China’s growing influence on global economy
But in the short run, threats will knock renminbi and other emerging market currencies
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses