A REGIONAL GATEWAY FOR RMB. Singapore
|
|
- Erik McDowell
- 8 years ago
- Views:
Transcription
1 A REGIONAL GATEWAY FOR RMB Singapore
2 GROWING INTERNATIONAL AND REGIONAL ROLE OF THE RMB Rising Potential for International use of RMB China accounts for more than 10% of global trade and investment flows but less than 1% of global payments are conducted in RMB Rising trade between China and Asian countries, especially in Southeast Asia ASEAN is China s 4 th largest trading partner China s Outbound Foreign Direct Investment increased seven-fold in seven years, reaching USD 77 billion in 2012 Singapore can leverage on its strengths as a key wholesale funding centre to increase liquidity and circulation of the RMB in Asia. We are already seeing good growth in RMB deposits, both non-bank and interbank. We are also one of the largest centres for RMB payments As a major regional funding centre, Singapore has traditionally supported the liquidity of the Asian markets and can partner China in promoting sustainable offshore use of the RMB. Keynote address by Singapore s Deputy Prime Minister, Mr Tharman Shanmugaratnam, at the ACI (The Financial Markets Association) 52nd World Congress, Singapore
3 JOURNEY AS AN OFFSHORE RMB CENTRE 8 February 2013 People s Bank of China (PBC) appointed the Industrial & Commercial Bank of China (Singapore branch) as the RMB Clearing Bank for Singapore. 8 March 2013 PBC and MAS expanded the bilateral currency swap arrangement, doubling the size of the swap to RMB 300 billion. The scope of the swap was also expanded to allow provision of liquidity support by MAS. 2 April 2013 PBC and MAS signed a Memorandum of Understanding (MOU) on RMB Business Cooperation. Both central banks committed to work closely in developing the RMB market in Singapore under the MOU. Singapore up in the ranks as a key offshore RMB Centre Consistently amongst top 2 offshore RMB Centres (outside Hong Kong) by SWIFT RMB payments value. Largest corridor for RMB Letter of Credits (LCs) outside Hong Kong, accounting for more than 20% of all RMB-denominated LCs globally
4 PROMOTING REGIONAL USE OF THE RMB Well-placed to play a key role in RMB internationalization Key Trading & Investment Partner of China China-Singapore trade exceeded USD 78 billion, constituting close to 20% of China-ASEAN trade. Singapore is also China s 4th largest source of foreign direct investments. Regional HQ and Treasury Centre More than 4,000 Chinese companies have set up in Singapore, alongside other global multi-national corporations. Many have also established treasury and trading operations here. Top Commodity Trading & Derivatives Hub Singapore is the world s top bunkering hub, major oil refining centre and a key venue for trading, blending and distribution of oil products to the rest of Asia. Singapore is also the Asia Pacific centre for the pricing of oil and rubber. International Financial Centre for the Region World-class trade finance and transaction banking teams in Singapore can facilitate banking and financing needs of international and regional companies. Benefits to companies for transacting in RMB through Singapore: Increased access to RMB liquidity through RMB Clearing Bank Single-location management of multiple currencies (including RMB), coupled by convenient access to hedging and cash management solutions Reduced FX risks and costs for trade and investments Lower pricing offered given simplified payment process for dealing in RMB, Chinese companies typically offer discounts for RMB-denominated invoices Enlarged pool of clients/business partners in China for companies interested in conducting business in China
5 LEVERAGING SINGAPORE S FINANCIAL CENTRE STRENGTHS Regional funding centre with strong banking infrastructure USD 1 trillion Asian Dollar Market plays a critical role in serving the funding needs of financial institutions and companies in Singapore and beyond. More than 700 financial institutions use Singapore as their regional platform to access the Asian region. Top FX Centre and Innovation Hub for RMB products Singapore is amongst the top 4 most active foreign exchange and derivatives trading centres in the world with a daily turnover of more than USD 360 billion. Singapore is also the largest OTC interest rate derivatives trading centre in Asia ex Japan. Large pool of asset and wealth managers with strong China investment capabilities Singapore-based fund managers manage more than USD 1.2 trillion in assets, of which more than 80% of was sourced from outside Singapore. Close to USD 4 billion in Qualified Foreign Institutional Investors investment quota has been awarded to asset managers in Singapore. With a reputation for stability and sound governance, Singapore has developed into an international private banking centre, providing access to regional investment opportunities.
6 LEVERAGING SINGAPORE S FINANCIAL CENTRE STRENGTHS Proven location for RMB fund raising, conducive also to investors Singapore is a proven location for RMB bond issuance, having witnessed the successful issuance of RMB bonds substantially arranged by banks in Singapore. Qualifying Debt Securities scheme offers cost-savings to institutional investors of bonds (including offshore RMB bonds). Ready for RMB Equities Market Singapore Exchange (SGX) is Asia s most international exchange, consisting close to 40% in foreign listings. SGX is able to provide listing, quoting, trading, clearing and settlement services for securities denominated in RMB. Issuers listing RMB securities on SGX can also offer dual currency trading, for flexibility to trade in RMB, Singapore Dollar or supported foreign currencies.
7 KEY FEATURES OF SINGAPORE S RMB MARKET Greater access to RMB liquidity The RMB Clearing Bank will provide greater access to RMB liquidity in China through its access to financial markets in China. Under the bilateral currency swap arrangement between MAS and the People s Bank of China, MAS can extend additional liquidity support to the market via the establishment of the MAS RMB Liquidity Facility. Enhanced convenience for RMB trade settlement The RMB Clearing Bank, with its access to payment systems in China, will be able to facilitate direct payments into China by its participating banks. Companies will be also be able to tap on the RMB trade settlement quota to obtain RMB from China s foreign exchange market for the settlement of eligible cross-border goods trade. Suite of RMB investment channels and products Singapore-based banks are eligible to apply for an investment quota from the PBOC to invest in onshore interbank bonds under the scheme for investment in the interbank bond market. Singapore-based companies (including foreign companies operating as branch or subsidiary in Singapore) will be able to undertake RMB Foreign Direct Investment into China, with expedited approval at the local provincial level for investments below RMB 300 million.
8 CONTACT INFORMATION For general queries, please write to the Quality Service Manager at For media queries, please write to SINGAPORE HQ: Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore Tel: (65) Fax: (65) MAS BEIJING REPRESENTATIVE OFFICE: Unit 1458, Level 14, China World Office 1, 1 Jianguomenwai Avenue, Chaoyang District, Beijing 中 国 北 京 市 朝 阳 区 建 国 门 外 大 街 1 号 国 贸 写 字 楼 1 座 14 层 1458 室 邮 编 General line: (86 10) Fax: (86 10) MAS LONDON REPRESENTATIVE OFFICE: 1 st floor Old Change House 128 Queen Victoria Street London EC4V 4BJ Tel: (44) (0) Fax: (44) (0) NEW YORK REPRESENTATIVE OFFICE: 17 State Street, 25 th floor New York, NY Tel: (212) Fax: (212)
ECONOMIC REVIEW(A Monthly Issue) March, 2014
ECONOMIC REVIEW(A Monthly Issue) March, 2014 Economics & Strategic Planning Department http://www.bochk.com An Analysis on the Latest Developments and Comparative Advantages of Offshore RMB Centers Liu
More informationINDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBC: Your Global Portal to RMB Market. July 2012
ICBC: Your Global Portal to RMB Market July 2012 Content General Introduction Investment in RMB Services Solution 1 General Introduction to Renminbi (RMB) RMB Renminbi (commonly abbreviated as RMB) is
More informationFurther Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges
Further Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges Zhang Ying, Senior Economist In recent years, as the internationalization of the RMB has been steadily carrying out,
More informationRMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland
RMB Internationalization & Hong Kong Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalisation China s Market Reform Agenda RMB is called CNY onshore and CNH offshore. Hong
More informationThe Global Development of RMB Forex Futures, and TAIFEX s RMB Forex Futures Products
The Global Development of RMB Forex Futures, and TAIFEX s RMB Forex Futures Products (Updated October 1, 2015) Global products utilize a variety of underlyings, including individual stocks, stock indexes,
More informationRMB Internationalization and RMB Offshore Markets Development
RMB Internationalization and RMB Offshore Markets Development Dr. Qin Xiao Former Chairman, China Merchants Group and China Merchants Bank Council Member, Hong Kong Financial Services Development Council
More informationLatest developments in the international RMB market
Fourth Meeting of London Hong Kong RMB Forum 12 November 2014 The private-sector led London Hong Kong Forum to promote cooperation on the development of international renminbi (RMB) business (the Forum
More informationRenminbi (RMB) corporate and treasury services in London
Renminbi (RMB) corporate and treasury services in London City of London RENMINBI SERIES London offers an extensive range of RMB corporate banking services including: o Corporate accounts; o Term deposits;
More informationEddie Yue: Renminbi a new era and the role of Hong Kong
Eddie Yue: Renminbi a new era and the role of Hong Kong Keynote address by Mr Eddie Yue, Deputy Chief Executive of the Hong Kong Monetary Authority, at the Global Offshore RMB Funding Forum 2012, Hong
More informationThe Chinese corporate credit bond market. Broad prospects for development
The Chinese corporate credit bond market Broad prospects for development Dear Mr. Martin Scheck, Mr. Spencer Lake, Distinguished Guests, Ladies and Gentlemen, Good Morning! I am very pleased to attend
More informationCNH Market--A Burgeoning Offshore RMB Market
CNH Market--A Burgeoning Offshore RMB Market Liu Chenggang from Bank of China September, 2011 Contents I. Evolution of CNH Market II. Introduction ti of CNH Market III. Future Development of CNH Market
More informationStructure Products Asia 2006
Structure Products Asia 2006 China Structured Products : Innovation and Evolution Chin-Chong Liew Partner and Head of Derivatives & Structured Products Asia (Ex-Japan) 23 November 2006 Hong Kong 2 Chinese
More informationThe Offshore Renminbi Market and Australia
The Offshore Renminbi Market and Australia Eden Hatzvi, William Nixon and Michelle Wright* The Chinese authorities have continued to make progress in internationalising China s currency, the renminbi (RMB).
More informationUse of currencies In international trade by Marc Auboin, Counsellor
Use of currencies In international trade by Marc Auboin, Counsellor 3 basic realities and 2 questions Trade finance: systemic to trade. Little trade paid cash - 70-80% of world trade relies on trade credit/guarantees.
More informationThe FTSE China Onshore Bond Index Series
Research The FTSE China Onshore Bond Index Series ftserussell.com May 2015 China is now the world s largest economy (when measured by purchasing power parity (PPP) 1 ) and the largest trading nation 2.
More informationBuyers Guide to RMB Bonds. Main author: Bryan Collins
Buyers Guide to RMB Bonds Main author: Bryan Collins RMB bond investors need to do their homework first The RMB bond market is a relatively new and exciting investment opportunity, with RMB bond having
More informationOverview of RMB Internationalisation
Overview of RMB Internationalisation Candy Ho Head of RMB Business Development, Asia Pacific Date: 8 May 2013 Why is RMB important? China overtook US as the largest goods trading nation in 2012 China:
More informationIntroduction for Financial Services in China (Shanghai) Pilot Free Trade Zone. Mar.2014
Introduction for Financial Services in China (Shanghai) Pilot Free Trade Zone Mar.2014 Contents I II About Shanghai FTZ Opportunities For FTZ Company III ICBC Preparation and Capability Part I. About Shanghai
More informationAn offshore RMB market The Hong Kong story Keynote speech 4th Offshore RMB Markets Conference
Speech An offshore RMB market The Hong Kong story Keynote speech 4th Offshore RMB Markets Conference Alexa Lam Deputy Chief Executive Officer Securities and Futures Commission 13 March 2014 Ladies and
More informationUOB launches yuan products for investors to participate in China s growth
UOB launches yuan products for investors to participate in China s growth New Renminbi deposit and fund products benefit from an appreciating Renminbi and its increasing internationalisation SINGAPORE,
More informationGateway to China: How using the renminbi could transform your China business
Gateway to China: How using the renminbi could transform your China business The rise of renminbi Over the past three decades, China s GDP has grown at an average rate of 10% a year moving the country
More informationAn Overview of Offshore RMB Market. Nov 2013
An Overview of Offshore RMB Market Nov 2013 Contents 1. Outlook of RMB Internationalisation 2. Implications for Offshore RMB Bonds 2 Section 1 Outlook of RMB Internationalisation 3 RMB The next international
More informationwww.pwchk.com Hong Kong drives to become a Corporate Treasury hub with new policies and incentives
www.pwchk.com Hong Kong drives to become a Corporate Treasury hub with new policies and incentives The Background Moscow Germany Duisberg Venice Greece Istanbul Bishkek Urumqi Samarkand Dushanbe Tehran
More informationRMB solutions for importers and exporters
RMB solutions for importers and exporters Unravel the complexities of RMB Mind the gap The potential Share of world trade vs payments The proof of the pudding Percentage of China s trade in RMB RMB 13th
More informationIntroduction of Free Trade Zone RMB Bond Business
Introduction of Free Trade Zone RMB Bond Business Yidan WANG wangyidan@shclearing.com April 2016 London Contents Company Overview Business Background Business Model Future Plan 第 四 章 A brief look into
More informationThe RMB market in France Becoming a global currency
The RMB market in France Becoming a global currency 元 (Renminbi): BECOMING A GLOBAL CURRENCY Over the last few years, the Renminbi (RMB) internationalization has been growing steadily. Measures have been
More informationThink Asia Think Hong Kong, Paris Hong Kong: Asia s Premier Asset and Wealth Management Centre 28 October 2014
Think Asia Think Hong Kong, Paris Hong Kong: Asia s Premier Asset and Wealth Management Centre 28 October 2014 Keynote Address by the Hon Mrs Laura Cha Chairman of Financial Services Development Council,
More informationOverview of Offshore RMB
Overview of Offshore RMB Jaunary 214 Lee Beng-Hong Head of Markets, China Macro background Liberalization of RMB China fully liberalized the use of RMB for cross border trade settlement in March 212 close
More informationAsset Management Industry Development in Hong Kong, Singapore and China
Asset Management Industry Development in Hong Kong, Singapore and China by Terence Chong Vivian Wong Working Paper No. 7 March 2012 Institute of Global Economics and Finance The Chinese University of Hong
More informationCROSS-BORDER ACCESS PLATFORM. Mainland Investors. International Investors. Equity. Commodities FIC. Mainland Products. International Products
1 OVERVIEW Hong Kong is entering a new phase as a leading international financial centre. The scale and depth of the world s interaction with Mainland China s markets and investors are being transformed
More informationThe foreign exchange and derivatives markets in Hong Kong
The foreign exchange and derivatives markets in Hong Kong by the Banking Supervision Department The results of the latest triennial global survey of turnover in the markets for foreign exchange (FX) and
More informationDemand for RMB and Financial Services through Hong Kong by German Businesses
Demand for RMB and Financial Services through Hong Kong by German Businesses Think Asia, Think Hong Kong Munich, 11 September 2014 Think Asia, Think Hong Kong Munich, 11 September 2014 Page 1 Asia: Key
More informationDAIWA ASSET MANAGEMENT TO LAUNCH SINGAPORE S FIRST SHARIAH-COMPLIANT ETF ON SGX
NEWS RELEASE DAIWA ASSET MANAGEMENT TO LAUNCH SINGAPORE S FIRST SHARIAH-COMPLIANT ETF ON SGX Daiwa FTSE Shariah Japan 100 will be Daiwa Asset Management s first ETF on the Exchange Singapore, 26 May 2008
More informationKBC Bank Hong Kong branch. We aim to be your preferred banker in Hong Kong
KBC Bank Hong Kong branch We aim to be your preferred banker in Hong Kong Challenges your company is facing today Sales in Europe have surpassed their peak Costs are constantly going up Margins are under
More informationKing & Wood Mallesons /
KWM Connect QFII and RQFII a practical insight to recent developments by Richard Mazzochi, Minny Siu and Hayden Flinn King & Wood Mallesons / KWM Connect 1 In the opening session of the Asia Financial
More informationDCI Investment Trust. Da Cheng China RMB Fixed Income Fund. Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum )
DCI Investment Trust Da Cheng China RMB Fixed Income Fund Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum ) IMPORTANT NOTE: This Addendum is supplemental to and forms
More informationTRADING IN SINGAPORE A COMPREHENSIVE REPORT BY EQUINIX AND KAPRONASIA. www.equinix.com
TRADING IN SINGAPORE A COMPREHENSIVE REPORT BY EQUINIX AND KAPRONASIA www.equinix.com MARKET SNAPSHOT Not only is Singapore the geographical center of the incredibly diverse and large Asia Pacific region,
More informationMONETARY AUTHORITY OF SINGAPORE 2014 SINGAPORE ASSET MANAGEMENT SURVEY SINGAPORE GLOBAL CITY, WORLD OF OPPORTUNITIES
0 MONETARY AUTHORITY OF SINGAPORE 2014 SINGAPORE ASSET MANAGEMENT SURVEY SINGAPORE GLOBAL CITY, WORLD OF OPPORTUNITIES 1 MONETARY AUTHORITY OF SINGAPORE Contents Foreword 2 About the Survey 5 Survey Findings
More informationChina s Currency Conver0bility. Por1olio Manager Por1olio Manager
China s Currency Conver0bility Edmund Harriss James Weir Por1olio Manager Por1olio Manager Asia Investment Team Por9olio Managers Edmund Harriss Edmund is the lead manager of Guinness Atkinson s Asian
More informationin Hong Kong's Offshore RMB Market
lakyara Development of Dim Sum Bonds in Hong Kong's Offshore RMB Market Jenny Yee Wong 12. November. 2012 Executive Summary Supported by the Chinese government, Hong Kong has been developing an offshore
More informationLegislative Council Panel on Financial Affairs. Proposal to Attract Enterprises to Establish Corporate Treasury Centres in Hong Kong
CB(1)870/14-15(04) For discussion on 1 June 2015 Legislative Council Panel on Financial Affairs Proposal to Attract Enterprises to Establish Corporate Treasury Centres in Hong Kong PURPOSE In his 2015-16
More informationRENMINBI - A NEW SETTLEMENT CURRENCY WAS BORN
BUDAPEST RENMINBI INTITIATIVE PAPERS No1 RENMINBI - A NEW SETTLEMENT CURRENCY WAS BORN Author: Szilárd Erhart, Head of th MNB s Renminbi Project, Central Bank of Hungary While China s weight in international
More informationMarket compass for China. The coming wave of globalisation
Market compass for China The coming wave of globalisation The People s Republic of China An exceptional set of records For the past two decades, China s economy has reshaped the world with double digit
More informationClient Alert September 2015
Corporate & Securities Client Alert September 2015 For further information please contact Stephanie Magnus +65 6434 2672 stephanie.magnus Selwyn Lim +65 6434 2653 selwyn.lim Baker & McKenzie.Wong & Leow
More informationLondon Stock Exchange
London Stock Exchange Jane Zhu, Head of Asia Pacific December 2008 London is the most international financial centre in the world Over 700 overseas companies quoted on the London Stock Exchange s s markets
More informationHong Kong Market Report ASF 2012
Hong Kong Market Report ASF 2012 The Economy Amid the uncertainty of the global economy caused by the European sovereign debt crisis and poor performance in the US economy in 2011, Hong Kong s economy
More informationBoom time for the offshore RMB bond market
Boom time for the offshore RMB bond market More centres of issuance, easier access for international investors and the step-by-step relaxation of capital controls - all spell surging growth for China s
More informationUshering in A New Era of Renminbi Liberalization
Treasury and Trade Solutions Ushering in A New Era of Renminbi Liberalization August 2015 Understanding and the Renminbi Liberalization Cross border controls in continue to relax Understanding the RMB
More informationThe TAIFEX market development
The TAIFEX market development Mezhgan Qabool, Business Development Manager at Eurex, spoke with Denise Huang from the Business Development Department at TAIFEX about the Taiwanese market attributes. Topics
More informationOCBC BANK AND LION GLOBAL CREATE PRIVATE EQUITY FUND WITH EXTERNAL INVESTOR PARTICIPATION FOR THE FIRST TIME
Media Release Includes suggested Tweets, Facebook posts, keywords and official hashtags OCBC BANK AND LION GLOBAL CREATE PRIVATE EQUITY FUND WITH EXTERNAL INVESTOR PARTICIPATION FOR THE FIRST TIME By harnessing
More informationThe 2013 Tailored Resolution Plan
Section 1: Public Section 1 Contents (a) Public Section... 3 (1) The names of material entities... 3 (2) A description of core business lines... 4 (3) Consolidated or segment financial information regarding
More informationStandard Chartered offers Strategic Solutions
FOR IMMEDIATE RELEASE Standard Chartered offers Strategic Solutions First and only multi-manager fund in Singapore to provide access to Alternative Investments 23 August 2006, Singapore Standard Chartered
More informationShanghai-Hong Kong Stock Connect to Boost Reciprocal Investment in RMB Securities
Shanghai-Hong Kong Stock Connect to Boost Reciprocal Investment in RMB Securities Eiichi Sekine Chief Representative, Beijing Representative Office Nomura Institute of Capital Markets Research I. Plans
More informationICBC ANNUAL REPORT 2002. Core Business
ICBC ANNUAL REPORT 2002 15 Core Business 2002 was the first year after China's WTO entry. In this year, China's macro economy maintained vigorous growth with GDP growing by 8%, fixed assets investment
More information1. An offshore bank may transact any banking business with approved financial institutions.
Guidelines for Operation of Offshore Banks (last revised on 31 July 2008) 1. An offshore bank may transact any banking business with approved financial institutions. 2. An offshore bank may transact banking
More informationRavi Menon: Singapore s financial centre in the new landscape
Ravi Menon: Singapore s financial centre in the new landscape Keynote address by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Investment Management Association of Singapore
More informationECONOMIC REVIEW(A Monthly Issue) October, April, 2014
ECONOMIC REVIEW(A Monthly Issue) October, April, 2014 Economics & Strategic Planning Department http://www.bochk.com Latest The Reasons Developments Why the of the Singapore Offshore Economy RMB Bond Has
More informationTHIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE.
Fidelity Funds Société d Investissement à Capital Variable 2a, Rue Albert Borschette B.P. 2174 L-1021 Luxembourg R.C.S. B34036 Tél: +352 250 404 (1) Fax: +352 26 38 39 38 THIS DOCUMENT IS IMPORTANT AND
More informationXinhua Finance Credit Rating Division upgrades the issuer rating of Daye Special Steel Co Ltd to BBB- (pi)
[For Immediate Release] Xinhua Finance Credit Rating Division upgrades the issuer rating of Daye Special Steel Co Ltd to BBB- (pi) HONG KONG, January 11, 2005 Xinhua Far East China Ratings, part of Xinhua
More informationWorking Group on U.S. RMB Trading and Clearing New York, January 2016. Discussion Outline: Possible RMB Clearing Operating Models
Working Group on U.S. RMB Trading and Clearing New York, January 2016 Discussion Outline: Possible RMB Clearing Operating Models The purpose of this note to is to introduce possible RMB clearing operating
More informationValue Partners Launches First RQFII Fund Value Partners China A-Share Select Fund
Value Partners Limited 9 th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong Tel: (852) 2880 9263 Fax: (852) 2564 8487 Email: vpl@vp.com.hk Value Partners China A-Share Select Fund (the fund
More informationPress release. Wednesday, October 26, 2011
Press release LCQ6: Central Government's measures to implement the RQFII scheme and support Hong Kong's insurance companies to enter the Mainland market Wednesday, October 26, 2011 Following is a question
More informationASEAN Capital Market Integration and Lessons from the European Union
ASEAN Capital Market Integration and Lessons from the European Union 44 th IAFEI World Congress: Global Recovery Amidst Reforms Makati Shangri-la 16 October 2014 Thiam Hee Ng, Senior Economist Asian Development
More informationThe introduction of a new filing and registration regime for foreign debt management in China
The introduction of a new filing and registration regime for foreign debt management in China 1 Briefing note November 2015 The introduction of a new filing and registration regime for foreign debt management
More informationAsia Market Intelligence Hong Kong SAR
Asia Market Intelligence Hong Kong SAR Presence The Hongkong and Shanghai Banking Corporation Limited (HSBC) is one of the largest banks incorporated in the Hong Kong Special Administrative Region (SAR).
More informationSingapore s policy of non-internationalisation of the Singapore dollar and the Asian dollar market
Singapore s policy of non-internationalisation of the Singapore dollar and the Asian dollar market Ong Chong Tee 1. Introduction This paper provides a brief review of Singapore s experience with its policy
More informationUnleashing Canada-Hong Kong-Asia Business Potentials. Andrew Yui Director, Canada Hong Kong Trade Development Council
Unleashing Canada-Hong Kong-Asia Business Potentials Andrew Yui Director, Canada Hong Kong Trade Development Council Unleashing Canada-Hong Kong-Asia Business Potentials Opportunities Risks Hong Kong:
More informationWhere do you Renminbi?
www.pwc.lu Where do you Renminbi? A comparative study of cross-border RMB centres Pierre Gramegna Minister of Finance Grand Duchy of Luxembourg As China has gradually evolved into the world s largest exporter
More informationTAP INTO THE BUYING POWER OF MILLIONS OF CHINESE CONSUMERS
COMPLETE AND SECURE PAYMENT SOLUTION PROVIDER TAP INTO THE BUYING POWER OF MILLIONS OF CHINESE CONSUMERS OVER 700 MILLION CARD HOLDERS MoneySwap All Rights Reserved Page 1 CHINA S ONLINE RETAIL MARKET
More informationChina's Global Integration - Developments in China s Onshore RMB market
China's Global Integration - Developments in China s Onshore RMB market Thank you Martin for your kind words It is a pleasure to be here today.. I m grateful to be given the chance to share a platform
More informationJPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*!
AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Global Bond Fund December 2015 Asset Management Company of the Year 2014 Fundamental Strategies, Asia + Important information 1. The Fund invests primarily
More informationFrom a Custodian's Perspective - The Broad Brushstrokes of the QFII program
From a Custodian's Perspective - The Broad Brushstrokes of the QFII program Tracy Lee Vice President, Sales & Business Development HSBC Securities Services, HSBC Singapore RESTRICTED Agenda A.Overview
More informationIntroductory Guide to RMB Currency Futures
Introductory Guide to RMB Currency Futures RMB Internationalisation The opening up of Mainland China now is creating more and more business opportunities. China is the second largest economy and a major
More informationSeizing Opportunities in Asia and Beyond
Seizing Opportunities in Asia and Beyond Asia, the region of growth opportunities 30% Projected contribution from Asia (excluding Japan) to global GDP in 2020. Today, Asia is the world s fastest growing
More informationBusiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre
Busiest ports Business friendly Asian Tiger Highest Trade/GDP Ratio 4 th biggest financial centre Singapore economy at a glance: Singapore is a global trading power. Its strategic geographical location,
More informationCatalogue of Major Existing Laws and Regulations in Effect on Foreign Exchange Administration (as of June 30, 2015) 1
Catalogue of Major Existing Laws and Regulations in Effect on Foreign Exchange Administration (as of June 30, 2015) 1 I. General (24 Items) 1- Basic Rules 1. Regulations of the People's Republic of China
More informationIndustrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *
APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the
More informationCiti Global Financial Services Conference
Citi Investor Relations Citi Global Financial Services Conference November 19, 2014 Stephen Bird CEO, Citi Asia Highlights Citi s core strength is its global presence Unparalleled ability to grow with
More informationIntroduction of Chinese Debt Capital Market From Private Sector Perspective
Presented To: ABMI Conference Introduction of Chinese Debt Capital Market From Private Sector Perspective CITIC Securities Corporation Limited December 2009 Table of Contents Contents Part 1 OVERVIEW OF
More informationShanghai-Hong Kong Stock Connect 2015.01.07
Shanghai-Hong Kong Stock Connect 2015.01.07 The launch of Stock Connect further expands the crossborder RMB investment channel Shanghai-Hong Kong Stock Connect officially launched on 17 Nov 2014, enabling
More informationOffshore Chinese Renminbi Market (CNH)
Offshore Chinese Renminbi Market (CNH) MARCH 4, 2014 John W. Labuszewski Managing Director Research & Product Development 312-466-7469 jlab@cmegroup.com Sandra Ro Executive Director Research & Product
More informationATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic
ATOMEX-Europe 2013 8-9 October 2013, Brno, Czech Republic VTB today VTB is a backbone Russian bank, which has built an international financial group. VTB Group possesses a unique international network
More informationRenminbi Internationalisation and the Evolution of Offshore RMB Centres:
Renminbi Internationalisation and the Evolution of Offshore RMB Centres: Opportunities for Sydney Summary Report November 2015 KATHLEEN WALSH GEOFF WEIR Associate Professor The Australian National University
More informationSlides for Krugman and Obstfeld Chapter 13
Slides for Krugman and Obstfeld Chapter 13 Alan G. Isaac American University 2010-09-10 Preview Introduction to Exchange Rates Introductory Concepts International Financial Markets Basics exchange rate
More informationHong Kong: Gateway to China for Estonian Businesses
Hong Kong: Gateway to China for Estonian Businesses Mrs Agnes ALLCOCK, Director-General Hong Kong Economic and Trade Office (London) 2 June 2011 1 Hong Kong: The Latest Economic Situation Real GDP Growth:
More informationUniCredit Asia Pacific Your bridge between Europe and Asia.
UniCredit Asia Pacific Your bridge between Europe and Asia. 3 UNICREDIT CORPORATE & INVESTMENT BANKING YOUR ACCESS TO BOUNDLESS OPPORTUNITIES UniCredit Corporate & Investment Banking serves corporate
More informationPilot Free Trade Zone Shanghai
Pilot Free Trade Zone Shanghai Shanghai s first Free Trade zone was launched in September 2013, targeted to make Shanghai an international trade and finance hub. It was established on the strategic decision
More informationChina Merchants Bank Co., Ltd. 2013 Annual Results Announcement
China Merchants Bank Co., Ltd. 2013 Annual Results Announcement Forward-Looking Statement Disclaimer This presentation and subsequent discussions may contain forward-looking statements that involve risks
More informationFX Strategies. In the Low Yield Environment. Eddie Wang Head of FX Structuring, Asia. Hong Kong October 2010
FX Strategies In the Low Yield Environment Eddie Wang Head of FX Structuring, Asia Hong Kong October 2010 Contents 01 Key Trends 02 FX Hedging Strategies 03 FX Investment Strategies SECTION 01 Key Trends
More informationOffshore RMB a one-way bet
Page 1 of 7 Print Close Offshore RMB a one-way bet By Linklaters 19 May 2011 The offshore renminbi market has reached an inflection point, with Hong Kong poised to become a globally important settlement
More informationThe Redback comes of age: managing risks and harnessing opportunities in offshore renminbi
MARKET INFRASTRUCTURE off-limits to international investors. The creation of the CNH market was initially aimed at supporting Chinese firms involved in global cross-border trade settlement, but in turn
More informationThe MRF Age: Year One By: Matthew Hodges
The MRF Age: Year One By: Matthew Hodges L ast summer, after years of speculation, the China Securities Regulatory Commission (CSRC) and Hong Kong s Securities and Futures Commission (SFC) launched the
More informationInvestment Banking. Nature of operations
Investment Banking Nature of operations Raiffeisenbank s investment banking operations are directed towards local bond issuances and placement, loan syndications arrangement, and the provision of consulting
More information3. The Foreign Exchange Market
3. The Foreign Exchange Market The foreign exchange market provides the physical and institutional structure through which the money of one country is exchanged for that of another country, the rate of
More informationMalayan Banking Berhad, New York Branch Resolution Plan
Malayan Banking Berhad, New York Branch Resolution Plan Section 1: PUBLIC SECTION December 2013 Humanizing Banking Services Introduction Malayan Banking Berhad, New York ( MBBNY ) is pleased to present
More informationQ2 2015 NEWSLETTER. Malaysian capital market grew to RM2.76 trillion in 2014. Khazanah to Launch Malaysia s First Social Impact Bond
Q2 2015 NEWSLETTER Malaysian capital market grew to RM2.76 trillion in 2014 World s First South-East Asia Syariah ETF Listed On Bursa Khazanah to Launch Malaysia s First Social Impact Bond ASEAN CIS Investment
More informationClearstream Snapshot
Clearstream Snapshot Clearstream a trusted global name Clearstream is a global leader in post-trade securities services with more than EUR 13 trillion in assets under custody, making us one of the world
More informationWhat happened so far?
Marcus Wassmuth June 15th, 2011 Use of CNY in International Trade Settlement German Chamber Shanghai Workshop Controlling Marcus Wassmuth, June 15th, 2011, Page 1 Titel der Präsentation, Referent, Seite
More informationThe Introduction of China (Shanghai) Pilot Free Trade Zone. May. 2014
The Introduction of China (Shanghai) Pilot Free Trade Zone May. 2014 C o n t e n t 1 FTZ Background 2 FTZ General Policy Framework 3 FTZ Financial Solution C o n t e n t 1 FTZ Background I FTZ Background
More informationINFORMATION NOTE. The development of government bond market in Singapore
INFORMATION NOTE The development of government bond market in Singapore 1. Background 1.1 Announced in the 2009-2010 budget speech by the Financial Secretary, the Government intends to implement a programme
More information