Tag: rmb

The financial affiliate of Hyundai Motor Group has become the first Korean credit-specialised firm to issue the instrument in both US dollars and renminbi; the issuance is structured as a green bond.

A rate decrease, longer tenor and a new capping process will be enabled from October 9.

This marks the fourth bond issuance from the state-owned power giant in 2025, funding an offshore wind power project in eastern China’s Shandong province. The firm’s current and quick ratios have been declining.

As the PBOC sticks to 7.2-level fixing rate, Donald Trump’s administration’s decisions on tariffs will have the largest impact on the currency in 2025.

According to BNP Paribas, the Rmb might “initially react negatively”, however, the USD upside is likely to be limited by the Fed rate cut outlook.

The internationalisation of the renminbi has always been a strong focus for Beijing, but a recent IMF report suggests it could be losing ground to other non-traditional reserve currencies.

While there are signs of progress, moves by corporates to use domestic currencies in the region have been slower than expected.

SC has become the first foreign bank in the offshore market that can participate in the global clearing platform for Rmb with two large Greater Bay Area-based firms taking part in the launch.

In an exclusive interview, Ricky Kaura, head of transaction banking Asia Pacific, Africa & Middle East at Standard Chartered addresses some of the key opportunities for the bank and its customers across areas like supply chain, sustainability, and technology.

The UOB Group Central Treasury team returned to the onshore bond market last week to cater to the bank's wholesale funding needs.

As the Renminbi (RMB) continues to internationalise and policy initiatives bode well for its offshore market, RMB-denominated products and corporate treasury centres will likely gain more traction.

A rare week of good news has convinced some FX strategists to revise their forecasts, but it still makes sense to short the yuan while being prepared for moves in sterling and the US dollar