Foreign Exchange
Direct bank trading of renminbi and Australian dollar imminent
Test run of direct trading at banks currently ongoing.
Direct bank trading of renminbi and Australian dollar imminent
Test run of direct trading at banks currently ongoing.
Major breakthrough in cross-strait banking talks
Talks succeed in easing market access rules for banks seeking to own stakes in other banks.
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
Singaporean banks could abandon Malaysian forex reference rate
Government study confirms attempts at rate fixing.
Taiwan Financial counting on yuan business for expansion
Taiwan Financial aims to accelerate its Asia-Pacific expansion and increase profit from overseas operations.
ICBC Singapore now authorised as the clearing bank for RMB
ICBC was granted QFB privileges in 5 October 2012.
Top UAE bank launches renminbi trading
Emirates NBD launches renminbi accounts to support SMEs.
Taiwan will soon issue first Chinese renminbi bonds
Taiwan will be the second location after Hong Kong to sell renminbi-denominated bonds.
Probes reveal banks' manipulation in Singapore’s offshore FX market
Evidence surfaced that traders colluded to manipulate rates in Singapore's offshore foreign exchange market.
Citibank achieves first cross-border renminbi lending deal
Citibank (China) Company last week completed its first cross-border renminbi lending transaction.
UK becomes G7 leader in offshore renminbi trade
The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.
Renminbi deposits in Hong Kong surge
Amount is 10 times higher than 2009.
China to use forex reserves for commercial loans
China has set up an office to handle trusted loans of foreign exchange reserves.
StanChart reveals results of its first-ever RMB Globalisation Index
The index remained relatively flat at 732 in October.
Cross Strait settlements to improve
Selection of Renminbi settlement bank proceeding cautiously.
China to tackle renminbi convertibility
Deregulation also necessary to carry out financial reforms.
CCB to internationalize the RMB
China Construction Bank Corporation will sell US$400 million.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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