China Foreign Exchange Trade System (CFETS)
Hedge funds ease off profitable China FX options trade
Some still hold positions but an appreciating renminbi may make them less profitable for now
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
China's FX reserves rise in March
The $8.3bn increase is a slight turnaround from February’s decline
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
China launches CNY/THB on CFETS
Moving interbank trading in the pair to onshore markets aims to support initiatives such as Belt and Road
CFETS to upgrade FX platform
The trading venue will provide new cross-currency swaps for six currency pairs
China reportedly tweaks yuan fix
Markets reacted by selling the yuan, which fell 0.5% against the US dollar to 6.5291 from 6.4968 on Tuesday – its biggest drop in two months
China FX reserves rise 10 months in a row
PBoC figures show $10 billion increase, bringing total reserves stockpile to 13-month high
China FX reserves rise for ninth consecutive month
PBoC figures show $700 million increase, bringing total reserves stockpile to 12-month high
US Treasury declines to brand China a currency manipulator
In its second report on FX policies since Donald Trump took office, the US Treasury only criticises China, despite campaign promise
China FX reserves rise for eighth month running as yuan fortifies
PBoC figures show $17bn increase, bringing total stockpile of reserves to 11-month high
China FX reserves rise for sixth consecutive month
PBoC figures show $24 billion increase, bringing the total stockpile of reserves to a nine-month high
China FX reserves rise for fifth consecutive month
PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
USD/CNY volatility rise expected after currency basket revamp
Emerging market currencies now make up a higher proportion of the basket used to calculate the renminbi index
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
China launches direct trading between renminbi and seven other currencies
The currency pairs will be allowed to trade within a 5% band on any given trading day
CFETS joins R3-led project
The number of participants has risen to more than 60 since its September 2015 launch
China’s FX reform hit treasurers the most – JP Morgan survey
Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum
China turns to boosting domestic banks on international stage
Country strives to retain control of price discovery after the renminbi's inclusion into the IMF's SDR basket
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market