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Renminbi (RMB) - Articles and news items

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…

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…