China - Articles and news items
News, Trading news / 28 November 2013 /
Bolero International Ltd and China Systems, a leading trade services solutions vendor, have finalised the full integration between Bolero Exchange and Eximbills Enterprise, China Systems’ flagship trade finance back office solution.
News, Treasury news / 9 September 2013 /
Tullett Prebon Information, a leading provider of independent, real-time price information from the global OTC financial and commodity markets, now offers a comprehensive pricing service for Chinese Bonds. (more…)
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.
The world’s power driver – China – is losing momentum and reported an unexpected slowdown in May, increas – ing GDP growth by only 7.7%. Whether this was truly unexpected due to a shift in fundamentals, or whether this was a case of misplaced optimism, is unclear. What is apparent though is that analysts were definitely hoping for better figures – 8% growth had been predicted… (more…)
News, Treasury news / 27 February 2013 /
According to SWIFT’s latest RMB tracker, the RMB continues its ascension towards becoming a major international payments currency. In December 2012, the RMB was larger than the Danish Krone, South African Rand and New Zealand Dollar and has now overtaken the Russian Rouble to take position #13 as a world payments currency (see chart ‘RMB as world payments currency’). (more…)
News, Trading news / 10 January 2013 / BNP Paribas
BNP Paribas announces the roll-out of a Chinese language (simplified Chinese) version of its advanced, electronic foreign exchange trading platform – Cortex FX – which provides an innovative, multi-product solution for corporate and financial institutional clients to manage their foreign exchange requirements. (more…)
News, Technology news / 7 December 2012 / DCD Intelligence
A new analyst report ‘China Data Center Market Trends 2012 – 2013’ just released by DCD Intelligence, the research division of DatacenterDynamics, predicts that the Chinese data center market is forecast to grow at a 20 per cent compound annual growth rate (CAGR) for the next five years. (more…)
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. (more…)
October 2012 / 5 October 2012 / Steve Shaw, Editor, FX-MM
The focus of attention is currently Spain. Behind the scenes, EU authorities are hard at work helping Madrid to craft a comprehensive economic reform programme. The idea is to pave the way for a rescue plan, with the ECB buying unlimited quantities of the country’s bonds. The problem is that while Spain clearly needs help, and looks unlikely to be able to get by without it, Mariano Rajoy has still not signalled that he intends to make such a request. There is considerable concern in Spain about the terms and conditions which are likely to be attached to any possible bailout, but there does seem to be a certain inevitability that Spain will be making a bailout announcement soon.
The ECB has finally unveiled plans to buy bonds from the most heavily indebted eurozone countries in order for them to access the financial markets at sustainable rates. It is effectively a ‘backstop’ according to ECB President Mario Draghi. High borrowing costs are playing a large part in preventing struggling economies from getting back on the road to recovery – lenders want to see austerity measures implemented, and working, before they lend cash to struggling countries, but the bigger the spending cuts the higher the negative impact on growth. (more…)
News, Technology news / 20 September 2012 / PTS Consulting Group
PTS Consulting Group PLC, a world class international IT Consulting and project management firm, today announced that the company’s business license has been extended from Consulting services to include Information Technology Managed Services, which will allow it to provide end to end technology solutions and support to its multi-national client base looking to establish or expand their presence in Shanghai. (more…)
News, Treasury news / 15 August 2012 / SunGard
Competition from within the industry and a more complex financial environment now outweigh regulatory factors as key considerations for risk management at large financial institutions in China, according to a survey* by analyst firm, Celent, sponsored by SunGard. Celent conducted in-depth interviews with risk managers from large Chinese banks, securities firms and asset management companies. The survey revealed that only 11% of large financial institutions believed that their existing systems could meet their risk management needs. (more…)
News / 14 August 2012 / PAY.ON AG
PAY.ON AG, one of the leading global service provider for worldwide payment processing, extends the payment coverage of its routing gateway PayPipe to China. With immediate effect, the gateway offers direct links to China UnionPay (CUP), one of the world’s largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also internationally well-known CUP card acquirer. Consequently, payment service providers and their merchants in the USA, Europe and other parts of the world now get easy technical access to the principal payment procedures of the world’s second largest economy with annual disposable income totalling EUR 290 billion and over 145 million active Chinese online shoppers. Full details of PayPipe can be found at www.paypipe.com (more…)
News / 10 August 2012 /
The economy of China is growing rapidly and the GDP of the country has increased continuously at an average rate of nearly 10% in the past 20 years.
News, Trading news / 24 July 2012 / FINCAD
FINCAD, the market leader for innovative OTC pricing and risk management derivatives solutions, announced today that News of China Consultant Co., Ltd. (NWCH), a leading financial technology solutions consultant based in Beijing, has joined the FINCAD Channel Program. NWCH will be providing local sales, support, training and consulting services for FINCAD products in mainland China. (more…)
July / August 2012 / 13 July 2012 / Steve Shaw, Editor, FX-MM
FX-MM’s monthly look at the issues and events which are driving sentiment in the global markets, and their implications for the major currencies.
Eurozone governments breathed a collective sigh of relief when the New Democracy Party, led by Antonis Samaras, recently secured 29.7% of the Greek vote, putting them in the driving seat to run the economy and charting a course which should, for the time being, see Greece remain in the euro.
The Greek economy remains on its knees though and the austerity measures which have been implemented so far are a constraint on economic growth in the country. There will, unfortunately, be further pain to come for the people of Greece. Eurozone leaders, while no doubt pleased with the outcome of the Greek elections, will maintain the pressure on Greece to press ahead with previously agreed spending cuts. The Greek government, for its part, is likely to seek re-negotiation of the terms of its bailout in order to reduce the pressure on its citizens, many of whom are now facing genuine hardship.
For Europe as a whole, the celebrations will be short-lived, despite the increased likelihood of Greece staying in the euro. Banks across Europe remain heavily exposed and are unlikely to be able to weather any material worsening of economic conditions. (more…)
Currency news, News, Trading news / 15 June 2012 / Deutsche Bank
Deutsche Bank, the largest provider of liquidity to global and Asian currency markets*, completed today the first cross-border Renminbi payment under the People’s Bank of China (PBOC) Shanghai’s Simplified RMB Cross-Border Payment Pilot Scheme (SRCP). The bank executed an import trade payment denominated in RMB for the China subsidiary of Huettenes-Albertus, the market-leading German manufacturer of foundry chemical products. (more…)