Asia Pacific
-
In this week’s round up of offshore renminbi news, Taiwanese deposits reach Rmb76.9bn, StanChart strengthens its renminbi coverage team, and the PBoC downplays monetary easing in 2013.
-
Attempts by Chinese asset managers to gain a competitive edge in the offshore renminbi market needs to begin with their own business practices, rather than with Beijing’s policy.
-
Many emerging market Asian currencies have depreciated against the US dollar due to weaker economic growth, but the renminbi has held up well and could remain that way, says the bank.
-
The CNH cross-currency swap curve has steepened to its highest level in a year and the balance of risks no longer sustains further steepening at the long end, according to Deutsche Bank. -
A group of Chinese asset management companies aims to lobby Beijing to boost their competitiveness in the offshore renminbi market, hoping to stay ahead even as more global fund managers gain access to the onshore market.
-
-
The renminbi is facing headwinds expanding beyond its existing markets only because no official strategy has been established for usage beyond Asia, says the bank.
-
In this week’s roundup of offshore renminbi news, the PBoC considers a new agency to invest foreign exchange, Chinese asset managers team up to boost their competitiveness offshore, and Citi launches a RMB settlement system.
-
Chinese banks will be able to sell distressed assets to private investors via a new trading platform, but before the nation is able to see any material benefits, more structural reforms are necessary, say experts.
-
The National Development and Reform Commission has held off issuing new approvals for Chinese companies to sell dim sum bonds. But as the market continues to stabilise, the regulator may look to policy banks to pave the way.
