The renminbi's grand tour

Mandatory clearing of OTC Renminbi interest rate swaps ("RMB IRS") on the Shanghai Clearing House ("SCH") will start 1 July 2014. The launch of mandatory clearing of RMB IRS represents a significant step by China in the regulatory reform of the ...

Home Qatar News Article Jul 19 2014 more articles from Doha, 19 July 2014 China is opening up to the world and is promoting the wider global use of its currency, the Renminbi (RMB). This could present opportunities for other countries, ...

The Chinese renminbi (RMB) will become the world's third largest currency after the U.S. dollar and Euro within five years as the country accelerates the promotion of its currency unit. A report by the International Monetary Institute of Renmin ...

While the trend of gradual internationalisation of the Chinese yuan (CNY) is gradually ongoing, according to a recent speech at the Renminbi (RMB) Internationalisation Roundtable in Sydney by the 's Deputy Governor Philip Lowe, the central bank of ...

BEIJING, July 21 (UPI) -- Chinese currency, the renminbi, is poised to become the world's third-most used currency in the world, a report said. The report, released Sunday by Beijing's Renmin University, said the renminbi, of which the yuan is an ...

From K J M Varma Beijing, Jul 21 (PTI) China renminbi (RMB) is on track to become the third-largest international currency behind the US dollar and the euro within five years as the eastern nation accelerates promotion of its unit, says a study. ...

Beijing, July 25 (IANS) The value of the Chinese currency renminbi, or the yuan, weakened by 18 basis points to 6.1597 against the US dollar in its central parity Friday, authorities said.

Industrial and Commercial Bank of China (NZ) Limited signed a strategic cooperation agreement on renminbi business with four local banks in New Zealand to jointly carry out cross-border renminbi business on July 21. The four local banks are ANZ New ...

Peter Sands, CEO of Standard Chartered, expects the growing presence of China's renminbi (RMB) in world markets to greatly affect the global financial system. Sands, who attended the Business 20 meetings in Sydney, points out that the RMB has jumped ...