Bank of China (BoC)
Corporates boost FX hedges as US dollar surges
Banks see more business, but also rising exposures, from corporates’ FX decision-making
FX Week Asia Awards: the winners
The awards ceremony took place after the 14th annual FX Week Asia conference in Singapore
Bank of China HK signs up for Thomson Reuters FX Trading
FXall and Electronic Trading are now available on Thomson Reuters’ desktop platform, created in 2015
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
Bank of China chooses smartTrade's LiquidityFX
The bank chooses the eFX platform to support growing trading volumes
CLS discusses renminbi inclusion with PBoC
The talks, which have been going on for several years, are still in the exploratory phase
Best Bank for Renminbi: Bank of China
Bank of China wins inaugural renminbi award
Bank of China launches renminbi-trading centre in London
The capital becomes the bank's second-largest offshore trading centre after Hong Kong
UK set to issue RMB-denominated sovereign bond
Bank of China, HSBC and Standard Chartered appointed to help in the issuance of the bond, which will help finance the UK's reserves
Bank of China extends RMB clearing to London hours
BoC's 20.5 hours of service will cover trading hours in Asia, Europe and America
USD/CNH spreads tighten by 30 pips in two years
The renminbi is set to internationalise within the next 10 years, as increased liquidity has narrowed spreads significantly, say central bankers
Bank of China (Hong Kong) designated as market maker for CME USD/CNH futures
Market maker named for CME offshore Chinese yuan futures set for launch in February
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
CNH deliverable forwards in Hong Kong could outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest way for corporates to hedge, compared with NDFs and onshore forwards, say bankers
Bank of China targets high net worth with FinIQ
Bank of China International Holdings (BOCI) has licensed the FinIQ Structured Products System to support its new private wealth management business, officials said last week.
Icap attracts 15 counterparties to yuan trading
HONG KONG - Fifteen banks have signed up to trade USD/CNY on electronic broking system EBS Spot within the first week of launch, as the broker prepares to extend yuan trading against the euro, yen, Hong Kong dollar and Swiss franc in coming weeks.
BoC and Bocom set to open first mainland bank rep offices in Taiwan
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have…
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Banks and financial institutions are ramping up efforts to launch new products to tap the growing appeal of investment opportunities in the mainland China market. The trend intensified last week in the renminbi offshore centre of Hong Kong, after China…