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Offshore yuan is the first emerging market currency to be added to the FX settlement partnership between the two financial institutions. The pair has executed the first US dollar-to-offshore yuan settlement using ...
Widespread capital controls, limited liquidity in government securities, and governance and geopolitical challenges are hurdles to internationalizing the yuan, ratings agency says.
Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.
Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures
The decision to stay away from offshore debt markets comes even as central banks double down their efforts to support economies by slashing interest rates
Beijing has filed no fewer than 84 patents centred on its digital currency and electronic payments system. What's the big idea? CT looks at China's virtual cash soft power push