China
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
Icap clinches $65m CFETS deal
Icap-owned EBS BrokerTec will provide technology for fixed-income and FX electronic execution services in China
Renminbi's global share of payments drops
The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar
UK tops Singapore as second-largest renminbi-clearing centre
Forty per cent of all payments between the UK and China are now made using the Chinese currency, Swift data shows
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
Financial clients fear cyber threats and Asia slowdown
Cyber risk retains its top spot as the big concern for participants, but worries over macroeconomic issues are hot on its heels
Saxo boosts China presence with partnership
Danish bank signs tri-party agreement with Wallstreet CN and LeanWork
Quants: carry and value will work for next six months
Less volatile market conditions look favourable for these strategies
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
China opens research centre for RMB internationalisation
The new initiative is a victory for Singapore as it angles to position itself as a leading renminbi hub
Australian players need to play renminbi long game
Panellists were bullish on China's long-term prospects at FX Week Australia; commodities priced in RMB will be a game-changer for Sydney's status as a trading hub
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon
PBoC’s Zhou dismisses talk of renminbi devaluation
China’s governor says the country is “opposed” to competitive devaluation and capital outflows are likely to subside
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
China's FX reserves plunge to more than three-year low
Latest PBoC figures show a drop of $99.5 billion in January to $3.23 trillion
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong
China's central bank explores digital currencies
The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies