Tag: cnh

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 DLT, according to HSBC.

Is the Chinese currency really bigger than headlines that it's currently making? Analysts warn treasurers not to get too lost in the yuan hype.

CT has compiled the key takeaways of China’s new cross-border renminbi cash-pooling policies, to give treasurers and CFOs a clear view of what’s been changed.

Treasurers at MNCs, Chinese multi-nationals, and banks confirm that new measures raising the ceiling for RMB x-border sweeping transactions were welcomed .

Transaction bankers believe a recent CNH rate spike in Hong Kong could be caused by market malfunctions that the HKMA is seeking to address.

China’s PBOC will allow cross-border renminbi pooling for multinational corporates, though the need for distinctions between onshore and offshore renminbi for corporate treasurers remains.

The offshore renminbi interbank offered fixing rate is now in swing. Limited liquidity will impact the ability to produce hedging products on the back of it, at least for the short-term, experts note.

Two landmark OTC trades based on the offshore renminbi interbank lending benchmark were readied last week. However, lack of overall liquidity meant the one-year deals were based on three-month lending data.

The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.

China’s regulators are freeing up the movement of renminbi and FX from China via a series of pilots. What does this mean for the offshore CNH market in 2013, if anything? CT asks the experts.

Offshore renminbi deposits in Hong Kong fell in September as did the the city's market share in trade settlement.

A severe liquidity squeeze in the offshore renminbi deliverable forward market was spotted on the very front-end of the curve, on July 3. The overnight implied rate shot up to 15% at one point. Should corporations be worried? CT asks the experts.