Invest Offshore

Tag: Renminbi

  • Interest Grows In Offshore Renminbi Trading

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    Aaron
    in

    Roger Rutherford, chief operating officer of ParFX, said there has been an encouraging start to offshore renminbi trading on the electronic spot foreign exchange platform as Alan Higgins, UK chief investment officer at Coutts, said markets are overestimating how much a slowing Chinese economy will hurt growth in the rest of the world. On 14…

  • A hedge against forex exposure

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    Aaron
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    When Beijing announced the 2.1 per cent revaluation of the renminbi late on July 21, traders at Deutsche Bank in Singapore had to rejig their plans for the evening to set-up the hedge against forex exposure. “It was chaotic because everyone had already left the office,” says Mirza Baig, currency strategist at Deutsche. “Traders had…

  • Hands off China’s Monetary Policy

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    by

    Aaron
    in

    NEW YORK (ResourceInvestor.com) — China in 2005 sounds a whole lot like Japan a decade earlier except the fracas this time is over monetary rather than trade policy. The value of the Chinese yuan, also known as the renminbi, has become critical to commodity fundamentals as well as equity valuations for companies targeted by China…

  • Woman takes helm of China’s forex office

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    by

    Aaron
    in

    China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE), a government source said Monday. Hu Xiaolian, a central banker and formerly the assistant governor of the People’s Bank of China, will take over from Guo Shuqing, who became chairman of the China Construction Bank last week. Guo…