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Renminbi (RMB) - 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…

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)

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

Chinese Renminbi overtakes the Swiss Franc as a world payments currency

News, Treasury news / 27 February 2014 / SWIFT

For the third consecutive month, the Renminbi (RMB) is one of the top ten most-used currencies for payments worldwide

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.

ASX and Bank of China to deliver new RMB settlement service

News, Treasury news / 19 February 2014 / ASX

Bank of China Country Head and General Manager of the Sydney Branch, Mr Shanjun Hu, and ASX Managing Director and CEO, Elmer Funke Kupper, signed the agreement today in Sydney.

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.

Siemens sees growth in new cross-border trade renminbi account

News, Treasury news / 11 February 2014 / Siemens Financial Services

Siemens has introduced the Chinese renminbi (CNY) as an additional “regular” currency with the same payment status within the company as other established crossborder trade-settlement currencies like U.S. dollar (USD) and Euro (EUR).

Deutsche Bank introduces automated Renminbi cash sweeping services

News, Treasury news / 10 February 2014 / Deutsche Bank

Deutsche Bank’s Global Transaction Banking division today announced the introduction of automated Renminbi cash sweeping services for cross-border lending to its corporate clients in China.

British businesses urged to settle Renminbi payments ahead of Chinese New Year

News, Treasury news / 27 January 2014 / Western Union Business Solutions

Western Union Business Solutions is urging British SMEs to settle their January 2014 Renminbi (RMB) invoices before the Chinese New Year holiday…

RMB breaks into the top ten most-used currencies for payments

News, Treasury news / 24 January 2014 / SWIFT

SWIFT RMB Tracker shows RMB has moved into top 10 payments currency for second month – now in 8th place…

LMAX Exchange adds RUB and CNH currency pairs

News, Treasury news / 16 January 2014 / LMAX Exchange

LMAX Exchange has added ruble (RUB) and offshore renminbi (CNH) currency pairs to its existing list of over 70 traded instruments…