Posts Tagged ‘renminbi’
HSBC completes first Chinese renminbi trade
Author: Germina Lake
HSBC completes first Chinese renminbi trade
HSBC Corporate Banking Ireland has completed its first cross-border Chinese renminbi (RMB) trade transaction this week, becoming the first bank to announce such a transaction in Ireland.
Read more on Irish Examiner
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Appreciating the renminbi
Author: Germina Lake
Appreciating the renminbi
HONG KONG — Global stock and foreign exchange markets were fast out of the blocks to lead the applause for China’s decision to free the exchange rate of the renminbi. Clearly licking their lips at the prospect of greater foreign access to China’s fabled market of 1.3 billion consumers, stock markets in Japan and Asia leaped by 2.5 to 3 percent, Europe and the United States followed, while the 12 …
Read more on The Japan Times