Standard Chartered launches renminbi index

The index will monitor the process of the Chinese currency's globalisation.

Standard Chartered launches renminbi index

Standard Chartered has launched an index to capture the renminbi’s growing internationalisation.

The British bank says that the renminbi is heading towards global reserve currency status, making it worthwhile to monitor the broader use of the currency hence the introduction of its renminbi globalisation index.

The index tracks four products in Hong Kong, London and Singapore offshore renminbi deposits, trade settlement and other international payments, dim sum bonds and certificates of deposit,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...