Offshore renminbi (CNH)
Bank of England must promote RMB trading, warns Chinese official
A swap line between the central banks of the UK and China would be a key step towards the growth of offshore renminbi, a former official of the People's Bank of China said yesterday
HSBC cleans up in emerging Asia and Emea
A strategic coverage in key emerging markets, coupled with its ongoing focus on onshore and offshore renminbi trading, has landed HSBC with a string of awards this year, including both emerging Asia and Emea
Deutsche Bank takes first place as volatile market calms
As volatility diminished substantially in 2012, Deutsche Bank has held onto its top position in the Best Banks survey and clinched six additional awards this year
StanChart launches offshore renminbi index
Dealer launches non-tradable index to track global adoption of offshore renminbi
Renminbi will be fully convertible by 2015, says RBS
Analysts at Royal Bank of Scotland believe Chinese authorities have set themselves an implicit goal to make renminbi fully convertible within three years
Are currency managers adding value?
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Offshore deliverable renminbi derivatives market grows despite fall in trade volumes
Despite a fall in offshore renminbi trade volumes, dealers say corporates are making increasing use of CNH forwards and options markets to hedge price exposure. Joti Mangat investigates
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
Central banks turn to RMB assets
Central banks in Asia are diversifying their holdings into RMB, marking the latest stage in the currency’s internationalisation
RMB is gaining traction with corporates, Deutsche survey finds
Smaller companies can realise savings of nearly 5% when dealing with Chinese businesses by transacting in renminbi, says Deutsche Bank
Institutions using renminbi payments up 60% year-on-year
Renminbi adoption continues to gather pace
Spotlight on: Beng-Hong Lee, Deutsche Bank
Deutsche’s head of offshore renminbi in Shanghai talks to Joel Clark about his role in leading the bank’s efforts in the new currency, and where he believes the biggest opportunities and challenges lie
The rise of the red-back
Moves to automate the payment process are being matched by interest in RMB trade settlement. Saima Farooqi asks how much progress has been made so far, and talks to those with a yen for yuan
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Managing currency risk in markets dominated by central bank monetary policy
Deutsche moves to simplify RMB under PBoC scheme
Deutsche Bank today completed the first renminbi cross-border transaction under a simplified scheme designed to ease the documentation burden for corporate users
FX Week China: CNH/CNY forward divergence threat has stabilised
A reversal of the spread between offshore deliverable forwards and onshore NDFs that caused pain for speculators last year is unlikely to recur, say economists
FX Week China: RMB internationalisation will take time
Significant progress has been made since 2010 in opening up renminbi to international participants, but it has to be done gradually, say speakers at FX Week China
Citi boosts offshore RMB solutions in UK
Citi will offer renminbi accounts domiciled in the UK a part of its launch of cash management and trade solutions for the increasingly international trade in Chinese currency.
RMB third top currency for trade finance, says Swift
Value increases in yuan trade finance
HKEx to launch RMB futures in Q3
Exchange to add RMB currency derivatives as part of internationalisation process
StanChart boosts CNH liquidity in European timezone
Landmark issuance to drive up liquidity out of London
HSBC builds out offshore renminbi crosses
Rates continuously streamed on interbank platform for direct offshore renminbi crosses for the first time
Chinese yuan tracks regional sentiment, despite fixing
Spot onshore Chinese yuan (CNY) and offshore yuan (CNH) tracked regional sentiment despite USD/CNY fixing coming in at 28pip higher at 6.3233 today (May 17).
Technology and advisory tops agenda for BMO’s new FX head
Delivering the right blend of technology for vanilla products and advisory for complex products is at the core of CJ Gavsie’s strategy in his new role as Bank of Montreal’s global head of FX products