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Renminbi (RMB) - Articles and news items

RMB continues penetration of South African market

Currency news  •  24 August 2016  •  SWIFT

SWIFT’s RMB Tracker shows a 65% increase in usage of the currency as payment method in exchanges, now up 112% in the last two years…

Standard Chartered strengthens RMB expertise in Europe

Movers & appointments  •  27 July 2016  •  Standard Chartered

Standard Chartered has appointed Lee Lee Poh Bernold as Executive DIrector, RMB Solutions, Corporate and Institutional Banking for Europe…

China: The emergence of a renminbi long view

Blog, Z Homepage promo  •  26 July 2016  •  Ee Chuan Ng, China Head of Sales, Bloomberg L.P.

The renminbi entered a new era of relative volatility in the last year after a long period as one of the most stable and predictable currencies in the world. Bloomberg’s Head of Sales for China, Ee Chuan Ng, explores the new long view…

RMB growth steadies ahead of further internationalisation

Currency news  •  21 July 2016  •  SWIFT

SWIFT’s RMB Tracker has shown the Canadian dollar has overtaken the Chinese currency, as RMB use drops to sixth most frequently used…

The rise of the renminbi: a currency coming of age

July 2016  •  15 July 2016  •  Neil Dennis, FX-MM

China’s path to gaining international status for its currency now seems inevitable, but it has not been straightforward. As the IMF prepares to welcome the currency into its Special Drawing Rights basket in October, FX-MM’s Neil Dennis examines the global impact of the rise of the renminbi…

RMB adoption improves across India

Currency news  •  27 May 2016  •  SWIFT

SWIFT’s RMB Tracker shows that the Renminbi is the fourth most active currency for payments between India and China/Hong Kong by value while the US dollar continues to dominate the corridor…

HKEX and Thomson Reuters sign agreement for new index series

Currency news, Trading news  •  24 May 2016  •  HKEX

HKEX and Thomson Reuters signed an agreement for the creation of a new series of Renminbi (RMB) indices…

UK jumps ahead of Singapore as the second largest offshore RMB clearing centre

Treasury news  •  28 April 2016  •  SWIFT

40% of all payments made between the UK and China/Hong Kong are exchanged in RMB…

RMB reaches nearly 40% adoption across financial institutions worldwide

Currency news  •  30 March 2016  •  SWIFT

SWIFT’s RMB Tracker shows an 18% increase in RMB usage by financial institutions worldwide for payments with China and Hong…

RMB stands fast as the second most active currency in Malaysia for payments with China and Hong Kong

Currency news  •  29 February 2016  •  SWIFT

SWIFT’s RMB Tracker shows the Renminbi holds a steady second place for payments between Malaysia and China/Hong Kong, while the US dollar continues to dominate the corridor…

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…