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  • The latest data from the Society for Worldwide Interbank Financial Telecommunication (Swift) shows that the renminbi has returned to fifth place in the ranking of most active global payments currencies, accounting for 2.03% of payments worldwide in March 2015.
  • In this round-up, Macau RMB deposits and cross-border RMB trade settlement fall in February, ICBC launches RMB clearing in Thailand, the Shanghai FTZ expands four-fold, and Kenya hopes to become the RMB hub in Africa.
  • The most eagerly awaited of all quota approvals came on Thursday with the news that the People's Bank of China (PBoC) had finally granted a Rmb50bn ($8.6bn) renminbi qualified foreign institutional investor (RQFII) quota to Luxembourg, a world leading domicile for investment funds.
  • The inclusion of the renminbi in the International Monetary Fund's Special Drawing Rights (SDR) currency basket in the next SDR review later this year is by no means a foregone conclusion. But much progress has been made, according to participants at the Offshore RMB conference organised by market body Asifma this week in Hong Kong.
  • Société Générale is planning to expand its coverage of alternate investment funds with its Orchestra multi-asset post-trade service and prime brokerage, having landed one client this week.
  • Fund managers are increasingly keen on offering their clients exposure to renminbi assets. But with the dim sum market still dogged by illiquidity and small issue sizes, creative thinking is needed.