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SCB China launches trading for UAE, Saudi currenciesStandard Chartered Bank (China) (SCB China) has launched a direct trading business for RMB/AED and RMB/SR and the bank becomes the first batch of direct trading market-makers for RMB against AED and SR in China’s inter-bank FX market. More… |
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UAE, Qatar drive RMB Tracker adoption in MEUAE and Qatar are the most active Middle East countries using the RMB Tracker for direct payments with mainland China and Hong Kong, according to recent Swift data. Last year, the UAE's use of the RMB accou More… |
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1,000 banks use RMB for China, Hong Kong paymentsMore than 1,000 financial institutions have used renminbi (RMB) for payments with China and Hong Kong in May, representing 25 per cent of all institutions exchanging payments with the latter across all currencies, according to recent data. More… |
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RMB use for payments with China, Hong Kong up 327pcLeading portfolio of financial crime compliance services SWIFT’s RMB Tracker showed that the value in weight of the RMB used for payments exchanged with China and Hong Kong within Asia Pacific increased 327 per cent between April 2012 and More… |
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Top Saudi bank launches RMB propositionSaudi British Bank (SABB), an affiliate of HSBC Group, has launched a comprehensive Renminbi (RMB) proposition for its corporate customers, thus paving way for them to open RMB accounts at selected branches in the Kingdom. This propos More… |
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StanChart signs RMB deals with 5 banksStandard Chartered has signed Renminbi (RMB) cross border trade settlement account agreements with five Mena based banks. The move will allow these banks to open RMB accounts in China and facilitate trade activities between these banks and More… |
