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OFFSHORE YUAN
Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...- Dollar near two-week high as oil surge lifts yields, Fed hike betsStrengthening towards a two-week high, the dollar gained ground as oil prices jumped and Treasury yields rose. With a significant rate hike...
- China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
- Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyedCurrency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key...
- Yen extends rally to new seven-month high; dollar subdued ahead of CPIThe Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in lig...
- Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...
- China Evergrande fiasco: Court stops PwC International's attempt to distance itself from its local arm's doingsPricewaterhouseCoopers International's attempt to exit the multibillion-dollar Evergrande lawsuit has been dismissed by a Hong Kong court. ...
- China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga endsChina Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and...
- Yen edges up as traders push back Fed rate hike betsThe yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to...
- Yen's slide to weekly loss prompts bets for another interventionThe Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key ...
- Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
- Global Market: China's central bank vows timely policy adjustments, backs panda bond marketChina's central bank has pledged to adjust its monetary policy tools in a timely manner while maintaining an appropriately loose policy sta...
- China CITIC Bank International plans dollar, offshore yuan perpetual bondsChina CITIC Bank International plans to issue perpetual bonds in US dollars and offshore yuan. Initial price guidance is set around 5.45% f...
- Global Market: Beijing, Hong Kong unveil measures to boost Yuan, bond and gold marketsBeijing and Hong Kong announced measures to boost financial connectivity and yuan internationalization. The southbound Bond Connect quota i...
- China's tech giants lobby for offshore yuan stablecoin, sources sayStablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cas...
- China's yuan hits 16-month low despite firmer guidanceChina's yuan hit a 16-month low against the dollar, pressured by trade concerns, falling yields, and a strong dollar. Despite efforts by th...
- China asks banks to limit some Connect bond outflowsThe guidance "could reduce mainland capital flowing out through the bond market," said Ken Cheung, chief Asian FX strategist at Mizuho Bank...
- Tobin Effect: Offshore yuan fallsThe offshore yuan was set for the biggest two-day decline in six weeks after China’s central bank reduced the currency’s reference rate.
- China to start implementing RRR for some banks in offshore yuan market: PBOCChina will start implementing a reserve requirement ratio on some banks involved in the offshore yuan market.
- Yuan down in offshore forwardsDollar/yuan offshore forwards rose nearly across the curve to imply less yuan appreciation in future amid sluggish trading as some hedge fu...
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