Foreign Exchange

China to tackle renminbi convertibility

Deregulation also necessary to carry out financial reforms.

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.

ICBC wants Thai arm to promote use of yuan

China's strategy to strengthen yuan globally.

S. Korea to inspect FX trading

To curb the won's strength.

3 keys to Korean banks' resilience against foreign currency liquidity risks

Among the ways is terming out debt maturities and it finally paid off.

Korean Banks exhibit foreign exchange liquidity

Ample foreign currency liquidity of South Korean banks helped reduce the need for fresh loans in September, the financial regulator said Sunday.

Eurozone woes sap TAIEX

The TAIEX fell below the 7,700 point mark Wednesday as turnover shrank further amid lingering concerns over debt problems in the eurozone, dealers...

Taiwan to launch renminbi liberalization in November

Taiwan will begin its comprehensive renminbi-related businesses November 1 through authorized renminbi clearance banks.

ICBC doubles cross-border RMB settlements

ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012.

ICBC Beijing provides currency exchange in baht, Philippine peso

ICBC Beijing Branch has included the Thai baht and Philippine peso in its foreign exchange currency services.

How can banks customize their service model to cater to each client's needs?

Bankers say there is no 'one size fits all' solution nowadays.

SMEs still prefer conventional FX risk management

But bankers say that those with higher FX volumes could conduct such activity online.

More hedging solutions for Asian banks revealed

As various services and products emerge across Asia and trade is settled in different currencies, we sought the insights of bankers and analysts for...

Local currencies slowly becoming a substitute for G3 currencies?

Bankers believe local currencies are getting more important, but warns that their potential highly depends on the economic and trade positions it...

Maybank expects RM300M in ringgit mortgage expansion to Melbourne

Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne.

China curbs forex rules for firms expanding overseas

Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1.

RMB liquidity facility to open in HK

A facility for providing Renminbi liquidity to authorized institutions in Hong Kong has been unveiled by the Hong Kong Monetary Authority.