• Facebook
  • Twitter
  • LinkedIn
  • Google +
  • RSS feed

Renminbi (RMB) - Articles and news items

Bosch chooses Deutsche Bank’s electronic ERP integration solution for payments in China

Banking news, Technology news  •  1 February 2016  •  Deutsche Bank

Deutsche Bank today announced that it has implemented an electronic ERP integration solution for Bosch’s foreign currency and RMB cross-border payments in China…

The United Arab Emirates and Qatar drive RMB adoption in the Middle East

Currency news  •  28 January 2016  •  SWIFT

SWIFT’s RMB Tracker shows that the RMB is now the most active currency used by the UAE and Qatar for direct payments with China and Hong Kong…

ICBC Standard Bank Plc appoints Senior China Economist

Movers & appointments  •  27 January 2016  •  ICBC Standard Bank

ICBC Standard Bank Plc (“ICBC Standard” or “the Bank”) announces the appointment of Jinny Yan as Chief China Economist, located in London and reporting to Guido Haller, Head of FICE Markets…

China move adds plot twist to this week’s FOMC

Trading commentary: Saxo Bank  •  14 December 2015  •  John J Hardy, Saxo Bank

China made an interesting announcement on Friday indicating it would like the market to focus more broadly on the RMB exchange rate versus a basket of currencies, rather than obsessing over the USDRMB exchange rate and even announced a new “RMB Index” to that effect, with weightings in the new index reflecting approximate trade exposures….

RMB adoption between China and Japan has more than doubled in the last two years

Currency news  •  1 December 2015  •  SWIFT

SWIFT’s RMB Tracker shows that the Chinese currency is now the second most active currency for payments between Japan and China/Hong Kong…

USD bulls wait for confirmation this week

Trading commentary: Saxo Bank  •  16 November 2015  •  John J Hardy, Saxo Bank

The market impact from the late Friday Paris terror attacks has rapidly been unwound, even if the longer-term implications of these attacks will be felt for a long time outside financial markets…

RMB falls back to position #5 as an international payments currency

Currency news  •  30 October 2015  •  SWIFT

According to SWIFT data, the RMB has dropped a position in the currency rankings for international payments, whilst underlying growth remains positive…

CME Group and China Construction Bank sign memorandum of understanding

Banking news, Treasury news  •  19 October 2015  •  CME Group

First time that Offshore Chinese Renminbi Futures contracts will be physically deliverable into London…

ParFX boosts currency offering with addition of offshore renminbi

Currency news  •  23 September 2015  •  ParFX

ParFX announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform…

Renminbi adoption is on the rise in South Africa

Treasury news  •  29 July 2015  •  SWIFT

SWIFT’s RMB Tracker shows that the Chinese currency now accounts for more than 30% of payments between South Africa and Greater China…

RBC completes first cross-border payment on Canada’s new Renminbi (RMB) Trading Hub

Treasury news  •  15 April 2015  •  Royal Bank of Canada

Royal Bank of Canada announced the completion of the first cross-border Renminbi (RMB) payment on Canada’s new RMB Trading Hub through the hub’s designated clearing bank, Industrial & Commercial Bank of China (Canada)…

RMB internationalisation is increasingly fuelled by offshore countries beyond Hong Kong

Currency news, Treasury news  •  30 March 2015  •  SWIFT

SWIFT’s RMB Tracker shows that offshore countries, excluding Hong Kong, represent 25% of RMB payments compared to 17% two years ago…

RMB strengthens its position as the second most used currency for documentary credit transactions

Currency news  •  26 February 2015  •  SWIFT

SWIFT RMB Tracker shows RMB’s activity share for documentary credit transactions increased to 9.43% in January 2015…

RMB breaks into the top five as a world payments currency

Currency news  •  28 January 2015  •  Cognito

According to SWIFT data, the Chinese yuan overtook the Canadian and Australian dollar as a global payments currency in November 2014, and now takes position behind the Japanese Yen, British pound, Euro and US dollar…

50 countries are now using the RMB for more than 10% of their payments value with China and Hong Kong

Currency news  •  26 November 2014  •  SWIFT

According to SWIFT data, RMB is now used for 11.2% of total payments value with China and Hong Kong, up from 6.2% 18 months ago…