Caceis has been appointed by Bank of China (Luxembourg) SA to provide custody, depositary, fund administration, fund distribution and other related asset services to its Luxembourg RMB RQFII Ucits fund. This agreement has been reached in the aftermath of Bank of China (Luxembourg) SA’s recent approval from the Chinese financial regulator that allowed it to become the […]
Anthony Doyle, director of fixed income investment at M&G Investments, comments on the possible implications of China’s record weakening of the renminbi (RMB). The People’s Bank of China (PBoC) has announced this morning that it is improving the pricing mechanism of the daily fixing rate of the RMB. It will do this by referencing the […]
By Michael Hasenstab, Ph.D., Chief Investment Officer, Templeton Global Macro We find that most observers tend to fall into one of two camps on China: the die-hard skeptics and the perma-bulls. The skeptics are convinced that nothing about China—from the data to the banking system to the demographics—bears close inspection. This school of thought argues that the […]
The Bank of China has now been authorised to operate as trading and clearing participant via its Frankfurt branch on the Deutsche Boerse cash market, providing Chinese issuers and Asian investors direct access to German and European cash markets. “We are pleased to be able to offer our Chinese issuers direct access to one of […]
The liberalisation of the Chinese financial market has been a relatively recent phenomenon, triggered among other factors by the abandonment of the peg to the dollar in 2005, followed by an appreciation of the renminbi (RMB). he Chinese bond market can roughly be distinguished between onshore and offshore products, with the onshore RMB trade of more than RMB21trn (€2.7trn) constituting the […]
Frankfurt is set to become the first European clearing centre for Renminbi (RMB), following the signing of a memorandum between Deutsche Bundesbank and the People’s Bank of China during a state visit by Chinese president Xi Jinping in Berlin last Friday.
Julius Bär has entered into a strategic partnership with the Bank of China (BOC). Under the terms of the deal, the two refer clients to each other and undertake joint marketing activities. Julius Bär said it would also integrate the Bank of China (Suisse).