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May 22, 2012 at 17:36 | Source: Economic Times
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Standard Chartered has issued Rmb1bn worth of commercial paper out of London in the past four weeks, as it tries to encourage the development of an offshore renminbi market in the UK. The bank revealed the details on Tuesday as the UK Treasury met with the ...
May 22, 2012 at 19:42 | Source: Financial Times
HONG KONG, May 23 (IFR) - Global banks are increasingly looking to raise short-term money in renminbi, seeking to match their trade finance lending as more Chinese imports and exports settle in the currency. As London attempts to position itself ...
May 23, 2012 at 13:28 | Source: Reuters
With more Chinese trade now settled in renminbi, global banks are increasingly seeking to raise short-term money in that currency to match their trade finance lending. The ultra-liquid markets for commercial paper and negotiable certificates of ...
May 25, 2012 at 14:30 | Source: International Financing Review
Standard Chartered and China’s ICBC joined the roll call of banks trumpeting renminbi products in London, timing their deals to coincide with this week’s visit to Hong Kong by senior officials from the UK Treasury. Standard Chartered announced this ...
May 23, 2012 at 06:05 | Source: International Financing Review
TOKYO, May 15 (Xinhua) -- The Hong Kong Monetary Authority ( HKMA) and the Hong Kong Trade Development Council organized a seminar on promoting offshore Renminbi (RMB) business in Tokyo on Tuesday. Norman Chan, chief executive of the HKMA, said that the ...
May 15, 2012 at 12:05 | Source: Xinhua News Agency
May 15 (Bloomberg) -- Blackstone Group LP and TPG Capital are among global firms being kicked aside as preferred investors in China, the world's second-biggest private-equity market. Investments by Chinese firms rose to $7.8 billion last year ...
May 15, 2012 at 05:17 | Source: San Francisco Gate
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of U.S. sanctions aimed at limiting Tehran’s nuclear program. Tehran is spending ...
May 8, 2012 at 06:30 | Source: CNBC
Today, UK banks hold 35 billion yuan ($5.5bn;£3.5bn) worth of deposits in the Chinese currency, also known as the renminbi. Most comes from companies, like Neill Tools, that now pay their Chinese suppliers and business partners in the yuan rather than in ...
May 22, 2012 at 15:53 | Source: BBC News
Hong Kong will be the “hub to the spokes” of global offshore renminbi markets as more financial centres explore the Chinese currency, the head of Greater China research team at Standard Chartered Bank has said. Speaking at the Economist’s Bellweather ...
May 11, 2012 at 09:54 | Source: efinancialnews.com