China
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
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
CIO urges market to pay attention to the renminbi
Knowledge of the Chinese consumer can help drive portfolios across sectors and countries – Bessemer Trust's Patterson
Renminbi adoption in US slows in May
A decline of 1.6% from a year ago highlights the slowdown in the Chinese currency's internationalisation
CFETS likely to include won and rand in RMB Index
Following CFETS's approval of direct trading on the interbank FX market, the two currencies could soon be included in the basket directly linked to the renminbi
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
Icap clinches $65m CFETS deal
Icap-owned EBS BrokerTec will provide technology for fixed-income and FX electronic execution services in China
Renminbi's global share of payments drops
The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar
UK tops Singapore as second-largest renminbi-clearing centre
Forty per cent of all payments between the UK and China are now made using the Chinese currency, Swift data shows
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
Financial clients fear cyber threats and Asia slowdown
Cyber risk retains its top spot as the big concern for participants, but worries over macroeconomic issues are hot on its heels
Saxo boosts China presence with partnership
Danish bank signs tri-party agreement with Wallstreet CN and LeanWork
Quants: carry and value will work for next six months
Less volatile market conditions look favourable for these strategies
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
China opens research centre for RMB internationalisation
The new initiative is a victory for Singapore as it angles to position itself as a leading renminbi hub
Australian players need to play renminbi long game
Panellists were bullish on China's long-term prospects at FX Week Australia; commodities priced in RMB will be a game-changer for Sydney's status as a trading hub
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon
PBoC’s Zhou dismisses talk of renminbi devaluation
China’s governor says the country is “opposed” to competitive devaluation and capital outflows are likely to subside
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown