Treasury/Cash Management - All Articles

  • UK's RMB FX business surging, trade finance struggling

    The latest survey on RMB business in London showed that in 2014 the FX trading more than doubled in size, with daily volumes of $61.5bn, while other areas, including trade finance and RMB deposits stabilised on the 2013 levels.

    • 26 Jun 2015
  • RMB round-up: June 26, 2015

    In this round-up, HKMA extends operating hours for its RMB repo and RTGS facilities, Swift appointed new China head, Commerzbank received a CNY options trading license in China, and Bahamas is looking to become the Americas' third RMB hub.

    • 26 Jun 2015
  • Shanghai FTZ still the testing ground as new FTZs step up

    As China's new three free trade zones (FTZs) in Fujian, Tianjin and Guangdong kick into gear, the original pilot zone in Shanghai is moving forward with capital account reforms to ensure that it remains, true to its nature, the testing ground for Chinese market liberalisation.

    • 18 Jun 2015
  • UOB sets up RMB solutions team

    Singapore-based UOB has established a cross-border team focusing on its clients' RMB solutions needs, the bank said on June 17.

    • 17 Jun 2015
  • 'Game changer' as PBoC to implement CIPS before year-end

    The first phase of the China International Payment System (CIPS) will be completed before the end of 2015 in Shanghai, adding a vital new piece of infrastructure to the RMB internationalisation process.

    • 16 Jun 2015
  • Interview: Moscow’s growing RMB appetite

    Moscow may have only secured a Rmb150bn ($24bn) currency swap line with the People's Bank of China in October 2014, but local banks and exchanges have already built solid businesses around the RMB needs of commodities giants and other corporate and banking clients. GlobalRMB spoke to Igor Marich, managing director, money market business, at the Moscow Exchange (MOEX) about recent developments in its RMB product offering.

    • 12 Jun 2015
  • Experts debate need for RMB to build its 'brand'

    China's currency is growing rapidly as a means of trade settlement, but its struggle for global acceptance has as much to do with market share as with perception, according to academics participating in a public seminar on China's financial future.

    • 08 Jun 2015
  • RMB round-up June 5, 2015

    In this round-up, Hong Kong deposits rose in April, but cross-border RMB trade settlement fell, Macau announced its March deposit figures, ICBC opened two new offshore branches in Montreal and Riyadh, RMB clearing in South Korea has reached a daily average of Rmb25bn, and Japanese bank MUFG helped Brazilian clients settle trade with China in RMB.

    • 05 Jun 2015
  • Foreign banks attracted to expanding FTZs

    International banks are increasingly setting up in free trade zones (FTZ) in China, keen to expand their RMB business and mainland footprint.

    • 03 Jun 2015