People’s Bank of China (PBOC)
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…
Sponsored statement: DBS Bank
Regulating the renminbi
DBS to debut CNH structured notes in Singapore; close-out settlement backstop in place to deal with China policy u-turn
DBS is set to become the first financial institution to offer renminbi structured notes and unit trust to private banking clients in Singapore on February 28. The bank has also drawn up contingency plans to address the policy risk of Beijing changing its…
Asia credit investors scrabble for offshore renminbi bonds
A taste for dim sum
China plans onshore renminbi cross-currency swap
Chinese corporates will now have access to onshore and offshore hedging markets
Asian Financial Forum: China tests further easing of renminbi convertibility of capital account
China's State Council is advising the Shenzhen municipal government and local regulators about permitting renminbi conversion outside of currency restrictions
China sets scene for credit derivatives
China gets credit
First offshore renminbi swaption accomplished in Hong Kong
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum' bonds
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum’ bonds. Meanwhile, an open-ended renminbi bond fund by Income Partners is launched
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
China fast-tracks Hong Kong as offshore renminbi centre
Lighting the way
Chinese banks push non-resident accounts in reaction to HK remninbi challenge
Move by financial institutions on the mainland may blunt efforts by Hong Kong banks to establish the special administrative region as a pre-eminent centre for offshore renminbi trading
China bond laws 'a problem' for investors
Economic reforms in China have gathered pace in recent years. But the country’s bond markets remain hampered by significant structural problems, including state-administered interest rates and a murky legal system subject to government interference.
Repayment fears over China's local government debt
China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond…
RMB-denominated OTC derivatives poised to take off in Hong Kong
The renminbi deliverable forwards market has hit at least $28 million during the first month of trading following an agreement in July between the the PBOC and HKMA that enabled Hong Kong to act as an offshore centre for the Chinese currency.
UBS to appoint HKMA veteran Yam to its board
Joseph Yam was also named by sovereign wealth fund China Investment Corp as an one of its international advisers early this month.
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Creation of offshore renminbi interbank market in Hong Kong is seen as boon for new investor products
Riding out the rise
Stakeholders in the Asian recovery have a nervous eye on the region’s central banks for signs as to when interest rates will rise this year – something that could weigh on equity returns and devalue the portfolios of bondholders. Changes in rates…
Conflict in China
Editor's letter
Setting new standards
Special Report - China: Documentation
China set to provide funding to foreign banks
Chinese authorities may introduce their own version of the Federal Reserve's term auction facility (TAF) to help foreign banks get through their toughest test yet in dealing with China's still-developing interbank market.