Top Stories
Bundesbank to include renminbi in reserves

Germany’s central bank has decided to include China’s currency, the yuan, in its foreign exchange reserves.
register here to view full article

UK Prime Minister announces launch of R5-SHCH Connect
Theresa May has announced the launch of R5-SHCH Connect, a new service which links banks in China with London's foreign exchange (FX) market.
register here to view full article

China FX executives view yuan as safe bet in 2018
Banking, treasury and foreign exchange executives in China see the Chinese yuan as the safest bet among major currencies including the US dollar, euro, yen and British pound, according to results from a Bloomberg poll which was conducted at the firms 2018 FX Outlook summits in Beijing and Shanghai.
register here to view full article

Latest SWIFT report reveals RMB's struggle but optimism for future
The latest RMB Tracker data released by SWIFT in January 2018 illustrates that while usage of the RMB for payments and trade has continued its downward trend in 2017, China undertook a number of initiatives that position it well for future growth.
register here to view full article

China closer to promoting internationalisation of RMB
With the Belt and Road initiative furthering Chinese investment overseas and the exchange rate of the renminbi steadily rising, China is getting closer to the day when it can promote the internationalization of its currency, said an adviser to the People’s Bank of China. Sheng Songcheng said renminbi internationalization is China’s long-term strategic objective.
register here to view full article

UK won’t compete with position of Hong Kong RMB hub
“Hong Kong is the largest offshore centre for RMB in the world. This is not a position that London feels competitive about, it is a position we actively support,” said Philip Hammond, the UK’s Chancellor of the Exchequer at a recent speech he gave during a Hong Kong Trade Development Council Dinner.
register here to view full article

China relaxes currency controls
The PBOC has scrapped a rule that requires banks to reserve a 20 percent deposit on forward sales of foreign exchange, a sign that the central bank has relaxed capital controls. The rule was enacted in October 2015 as a measure to restrain capital outflows and stabilize the yuan.
register here to view full article

China’s FX reserves rise for a sixth month
In August 2017, China’s foreign-exchange reserves posted a sixth straight monthly increase as the yuan strengthened and economic growth remained robust.
register here to view full article

China and Hong Kong launch Bond Connect
China and Hong Kong have launched the long-awaited Bond Connect scheme that links China’s $9 trillion bond market with overseas investors, the latest step in Beijing’s efforts to liberalize and strengthen the country’s capital markets.
register here to view full article

China has no intention of devaluing its currency
China has no intention of devaluing its currency to boost its competitiveness, said the head of the country’s foreign exchange regulator.
register here to view full article