offshore

Singapore has overtaken London as the largest clearing center for China's domestic currency outside of China and Hong Kong, according to SWIFT. more...

India is making a big move to internationalize its currency through a deal with the World Bank to launch the first offshore rupee bond program. more...

CNH market has created competition for deposits in Hong Kong, says Tom Quarmby, director, Equity Research at Barclays Capital. more...

China is for the first time to give formal backing to moves by British banks to turn the City of London into an offshore trading center for the renminbi, UK government officials have told the Financial Times. more...

China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy. more...

China's central bank has tightened controls on offshore yuan deals to curb speculation in the currency, regulations showed on Monday, signaling official worries about risks from the rapidly growing offshore market. more...

China's efforts to internationalize the yuan is creating a host of opportunities, and according to one broker, is the most exciting development in the forex markets seen in years. more...