China
China's central bank explores digital currencies
The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies
PBoC pumps $61bn into China's financial system
The cash injection comes ahead of the Lunar New Year, which usually sees an increase in demand for money
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
Renminbi slides to five-year low as FX reserves fall
China's reserves fell $108 billion in December as the People's Bank of China continues to intervene in the market
Outlook for Asian FX in 2016 looks bright
There is a 50/50 chance that China will scrap its dual-currency system in 2016, says one analyst; others worry about the impact of a strong dollar and uncertain trajectory of Fed rate hikes
Renminbi payments double between China and Japan
But while the Chinese currency is booming, trading volumes in the wider FX market fell in November
IMF approves renminbi's inclusion in SDR basket
The move puts the renminbi on course to achieve reserve currency status
China lets central banks use Isda agreements for FX derivatives
China allows derivatives trading based on international standard agreements for the first time; applies only to sovereign investors and FX derivatives
Lagarde supports RMB inclusion in SDR basket
IMF managing director endorses the renminbi's inclusion in the special drawing rights basket after a staff report deems it 'freely usable'; executive board decision expected on November 30
Yuan falls to one-month low after PBoC rate cuts
The currency's weakening signals investor wariness over developments in China; analyst says ‘record' outflows are feeding through to the offshore forwards market
US softens rhetoric on renminbi ahead of SDR review
The Treasury drops its "significantly undervalued" reference in its flagship report to Congress on foreign exchange rate policies ahead of next month's IMF review
China and Singapore expand cross-border renminbi channels
Initiative allows Chinese companies to raise RMB debt in the offshore hub, while making it easier for Singapore banks to deploy RMB liquidity; Singapore also eases exchange rate path
China launches long-awaited cross-border payments platform
PBoC announces launch of China International Payment System, marking big step towards renminbi internationalisation
China eases cross-border cash-pooling restrictions
Beijing increases the amount that international firms are allowed to pool in the Shanghai free-trade zone five-fold, making it easier for them to circumvent capital controls and manage liquidity
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
China FX forwards move prompts questions over government motives
Reports that China will require banks trading FX forwards to deposit USD with the PBoC spark debate over whether the move is structural or an emergency measure to halt outflows
The euro: safe haven at last?
The euro has strengthened to its highest level since January, undermining the ECB's weak euro strategy and sparking a debate among FX strategists on whether the common currency should be considered a safe haven
China's premier says renminbi at ‘equilibrium’
Li Keqiang plays down the risk of further renminbi depreciation, vowing it will be ‘kept basically stable' at the prevailing rate in a move that may offer relief to hard-hit emerging market currencies
Corporates face paper losses from renminbi slide
An intervention by China's central bank causes unrealised corporate hedging losses
China pauses renminbi devaluation
Move signals short-term rate is stabilising, but analysts warn the risk-off environment prompted by Tuesday's shock announcement could cause sell-off to escalate
First cross-border repo executed in Chinese bond market
ICBC's Singapore branch raises 200 million yuan on China's interbank bond market in the first deal since the PBoC scrapped limits on offshore access to the $5.7 trillion market earlier this year
Bank e-FX initiative of the year: ANZ
Regional bank transforms its FX business to become the top market-maker in AUD, NZD and CNH