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 Foreign Exchange Trade System and Deutsche Börse sign cooperation agreement
October 29th, 2015
China Foreign Exchange Trade System (CFETS) and Deutsche Börse today entered into a strategic cooperation agreement to connect the respective markets and foster product innovation. The cooperation agreement was signed by Sun Jie, Executive Vice President of CFETS, and ...
London Wants to Become the Center of Chinese Currency Trading
October 20th, 2015
PBOC official said to view London as likely renminbi hub Euronext study expects $5 trillion of Chinese investment Three years ago, Chinese officials said U.K. Prime Minister David Cameron had “seriously damaged” relations by meeting with the Dalai Lama, the ...
Barclays settles civil lawsuits for US$ 325m
October 20th, 2015
Barclays Settles Certain RMBS Securities Claims with the National Credit Union Administration (NCUA) Barclays has issued a press release to inform investors reached a settlement with the NCUA to resolve two outstanding civil lawsuits for US$ 325m. These lawsuits are part of ...
FINRA Sanctions Santander Securities LLC $6.4 Million
October 14th, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it ordered Santander Securities LLC to pay approximately $4.3 million in restitution to certain customers who were solicited to purchase Puerto Rican Municipal Bonds (PRMBs). Additionally, the firm will pay ...
China’s market-oriented reforms help promote global growth: Chinese official
September 1st, 2015
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese envoy said. Wang Liang, the charge d’affaires at the Chinese ...
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 ...
Bank of China lists first Euro-denominated bond on London Stock Exchange
July 6th, 2015
€500 million bond issued by Bank of China in London First Euro-denominated bond listed in London by Bank of China Part of wider ‘One Belt, One Road’ bond issuance programme London seen as venue of choice for Chinese issuers ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
LSE to offer membership to Hong Kong firms
June 15th, 2015
Regulatory approval received for Hong Kong firms to access Europe’s most liquid and international market Further significant boost to growing UK – Greater China financial ties London Stock Exchange plc today announces it has received regulatory approval from Hong ...
