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Renminbi (RMB) - Articles and news items

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…

RMB now 8th most traded currency in the world

News, Treasury news / 8 October 2013 / SWIFT

SWIFT RMB Tracker shows RMB FX confirmations increased by 113% since January 2012…

Taiwan-based companies increasingly utilizing offshore RMB

News, Treasury news / 13 September 2013 /

Taiwan-based companies are increasingly making payments and collecting receipts through offshore Chinese renminbi accounts…

Luxembourg now second highest Euro country in RMB payments

News, Treasury news / 27 August 2013 /

Luxembourg is ranked #8 in the world for RMB payments value (excluding China and Hong Kong) in July 2013…

RMB one step away from Top 10 World Payments Currency

News, Treasury news / 24 July 2013 /

In June, the CNY gained two places in the ranking of world payments currencies to move one step closer to the top 10…