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Renminbi (RMB) - Articles and news items

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…

Yuan to watch: why to eye the RMB

November 2014 / 13 November 2014 / Evan Goldstein, Deutsche Bank

Evan Goldstein, Global Head of Renminbi Solutions, Deutsche Bank, examines how the relative newcomer, the Chinese yuan or renminbi (RMB), has soared to great heights and explains how companies that leverage its potential can grow with it…

RMB reaches record levels of payments activity between offshore centres

Currency news, News / 30 October 2014 / SWIFT

According to SWIFT data, RMB activity share for international payments between offshore trading centres increased to 3.25% in September…

Could the renminbi become number ‘yuan’?

Blog / 28 October 2014 / Kok-Keong Tay, Head of GTB Asia at UniCredit

The US dollar has long occupied pole position in the international currency system, but could China’s renminbi grow to challenge the established hierarchy?…

Citi launches automated RMB cross-border sweeping from China to London

Uncategorized / 16 October 2014 / Citi

Building on its global RMB cash pooling solutions, Citi has today announced the implementation of its first RMB Cross-Border Auto Sweeping structure from China to London…

Renminbi : the dragon has stirred

October 2014 / 6 October 2014 / Peter Garnham, Editor, FX-MM

Short-term worries over the Chinese economy should not cloud the fact that Beijing’s gradual, long-term aim of increasing the international usage of the renminbi and reducing the country’s reliance on the dollar. As, FX-MM’s Peter Garnham writes, the journey to full convertibility may be shorter than many think…

European hubs are fuelling RMB Internationalisation

Trading news / 26 August 2014 / SWIFT

SWIFT’s latest RMB Tracker shows that Europe represents 10% of Renminbi payments worldwide in value…

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…

Sonepar and RBS completes the first RMB Cross-border Cash Pooling in Shanghai Free Trade

News, Treasury news / 4 June 2014 / RBS

Sonepar has become the first French company to implement two-way RMB Cross-border Cash Pooling in the Shanghai Free Trade Zone (FTZ)

The United States jumps ahead of Taiwan as an offshore RMB clearing centre

News, Treasury news / 3 June 2014 / SWIFT

SWIFT’s RMB Tracker shows that United States’ RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong.

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…

Sixty seconds with Jon Vollemaere, CEO and Founder of R5

May 2014 / 12 May 2014 / Jon Vollemaere, CEO and Founder of R5

Heston-wannabe Jon Vollemaere, CEO and Founder of R5, a new interbank liquidity pool for electronic trading in emerging market currencies, explains why the sector is set for lift-off…

Deutsche Bank appoints Evan Goldstein as Global Head of Renminbi Services

Movers & appointments, News / 26 March 2014 / Deutsche Bank

Deutsche Bank AG today announced the appointment of Evan Goldstein as Global Head of Renminbi Services, effective March 2014

RMB adoption is on the rise in Australia

News, Treasury news / 26 March 2014 / SWIFT

SWIFT’s RMB Tracker shows that Australia’s RMB payments value increased by 248% over the past 12 months

UK Chancellor of Exchequer announces R5 Asia Office

News, Treasury news / 3 March 2014 / GOV.UK

This week The Chancellor and Deputy Prime Minister of Singapore agreed to launch a new UK-Singapore Financial Dialogue