Search Results for: China Foreign Exchange Trade System
China battles to shore up stocks, yuan after globe-shaking slide
January 5th, 2016
China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings. Stocks fell more than 2 ...
Asian stocks trade lower, China bucks trend
December 14th, 2015
Asian equities traded mostly lower on Monday, as investors remain focused on the mid-week decision from the U.S. Federal Reserve. The Chinese market bucked trends and traded up, boosted by upticks in shares of brokerages and banks. Kathy Matsui, managing ...
The Launch of RMB Index Helps to Guide Public View of RMB Exchange Rate
December 14th, 2015
Guest Commentator of CFETS, Dec 11th, 2015 The China Foreign Exchange Trade System (also known as CFETS) has published CFETS exchange rate index on its website on December 11th. This will help bring about a shift in how the ...
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
Foreign investors warn China e-trading proposal could sink Stock Connect
November 13th, 2015
Draft rules to curb high-speed trading blamed for China’s summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off ...
China allows direct trade of yuan with Swiss franc
November 10th, 2015
Move part of Beijing’s strategy to promote RMB as a global reserve currency alongside the dollar China‘s national foreign exchange market will introduce direct trading of the Swiss franc, the operator said on Monday, as the country pushes greater ...
China launches cross-border payment system
October 8th, 2015
China’s cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard. The CIPS platform will be used to support cross-border goods and services trade ...
China chooses her weapons
August 22nd, 2015
China’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the ...
China’s devaluation may be bad news for FX industry
August 19th, 2015
China’s currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be ...
China, the Hollow Dragon
August 17th, 2015
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins ...
