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China - Articles and news items

The Renminbi is the second most used currency for cross border payments with China and Hong Kong

Currency news / 26 June 2014 / SWIFT

SWIFT’s RMB Tracker shows a steady rise in the use of the RMB by all regions when doing business with China and Hong Kong…

Industry first electronic back-to-back letter of credit undertaken using Bolero

News, Technology news / 29 May 2014 / Bolero

A full electronic back-to-back letter of credit (LC) transaction in China was undertaken for the first time over Bolero’s cloud-based platform.

RBS offers RMB Cross-border Cash Pooling in Shanghai Free Trade Zone

News, Treasury news / 13 May 2014 / RBS

The Royal Bank of Scotland (RBS) announces the launch of RMB Cross-border Cash Pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone (FTZ)

Renminbi Internationalisation: Yuan small step for man, yuan giant leap for treasury

May 2014 / 12 May 2014 / Stefan Harfich, head of bank relations APAC at Siemens' regional treasury centre in Hong Kong

The ongoing internationalisation of China’s currency and liberalisation of its cross-border trade presents multinational corporations with a major opportunity to not only add significant value to their global treasury operations but also to reduce transaction costs for the business, writes Stefan Harfich, head of bank relations APAC at Siemens’ regional treasury centre in Hong Kong…

Deutsche Bank appoints new China head of Corporate Bank and Trade Finance and Cash Management for Corporates

Movers & appointments, News / 11 March 2014 / Deutsche Bank

Deutsche Bank (China) Co Ltd. today announced the appointment of Anthony Lin as Head of Corporate Bank (CBC) and Trade Finance & Cash Management for Corporates (TF/CMC) in China

Research on Chinese financial liberalization highlights stark differences between views of onshore and offshore institutional investors

News, Treasury news / 27 February 2014 / State Street

Current views on China’s financial liberalization highlight wide variances between onshore and offshore investors, according to new research by the Economist Intelligence Unit (EIU) commissioned by State Street Corporation.

The Lenzing Group chooses Deutsche Bank for Renminbi cross-border cash pooling in China (Shanghai) Free Trade Zone

News, Treasury news / 17 February 2014 / Deutsche Bank

Deutsche Bank’s Global Transaction Banking division today announced that it has been selected by The Lenzing Group (Lenzing) as cash management bank in the China (Shanghai) Free Trade Zone.

BofA Merrill GTS enhances China treasury management solution suite

News, Treasury news / 13 February 2014 / Bank of America Merrill Lynch

Bank of America Merrill Lynch Global Transaction Services (GTS) today announced a major enhancement to its suite of end-to-end China treasury management solutions.

Bolero announces integration with China Systems’ Eximbills

News, Trading news / 28 November 2013 / Bolero

Bolero International Ltd and China Systems have finalised the full integration between Bolero Exchange and Eximbills Enterprise…

Tullett Prebon Information offers innovative Chinese bond pricing service

News, Treasury news / 9 September 2013 /

Tullett Prebon Information now offers a comprehensive pricing service for Chinese Bonds…

Waiting for the engine to stall

July/August 2013 / 19 July 2013 / Eleanor Hill, Editor, FX-MM

FX-MM’s monthly look at the factors affecting the global economy, and the financial markets.

Chinese Renminbi overtakes Russian Rouble in World Payments Currency

News, Treasury news / 27 February 2013 /

Chinese Renminbi payments grew in value by 24% in the last month whilst the Rouble dropped 5.4%…

BNP Paribas goes live with Chinese language version of Cortex FX

News, Trading news / 10 January 2013 / BNP Paribas

Extends BNP Paribas’s ability to deliver its electronic foreign exchange products, tools and services to its Chinese client base…

China data center market forecast to grow 20% year on year for next 5 years

News, Technology news / 7 December 2012 / DCD Intelligence

New analyst report ‘China Data Center Market Trends 2012 – 2013’ just released by DCD Intelligence…

Pressure mounts on Merkel

November 2012 / 5 November 2012 / Steve Shaw, Editor, FX-MM

FX-MM’s monthly look at the economic issues affecting sentiment in global markets and their implications for the major currencies.

The global economic crisis has affected countries differently, but the impact on growth has generally been the same – i.e. broadly negative. The inter-dependency between economies has never been stronger than it is today and the resultant currency fluctuations that we are seeing are an additional hurdle that some countries are struggling to overcome in order to get their economies back on track. With few other options available, central banks are using quantitative easing, low interest rates and other forms of intervention to support governments which have little choice but to cut spending, thereby potentially slowing their economic growth further.

UK takes aggressive approach to reducing its national debt: The UK, for example, has been focusing heavily on reducing its national debt over the last two years. The government’s efforts towards this objective have had such an impact on the economy that growth, according to FSA chief Lord Turner, could be impacted for years to come. The Bank of England has had very little room for manoeuvre and has engaged in further stimulus, but the effectiveness of this strategy is now being called into question.