Sector: FX & Money Markets

THE CHINA COLUMN: Are you yuan-enabled?

Bank of China has launched trading in yuan to US customers. Although there is still a long way to go before the yuan is fully convertible, the BOC move is a milestone in Beijing’s agenda to foster the currency’s globalisation, making it more accessible to individuals as well as businesses in the US. Chinese regulators [...]

By Zhang Xiao Qing, 10 February 2011 • 0 comments

Daily Dispatches: HSBC plans more China hires

HSBC says it is capitalizing on China’s fast-growing economy and a government-led campaign aimed at expanding rural financial services to ramp up its business in the country. HSBC has 99 outlets across 23 cities in mainland China, a sharp increase from fewer than 30 in mid-2006, a year before China fully opened its banking industry [...]

By bylinemigration, 12 April 2010 • 0 comments