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                    [Title] => Philippines, China ink RMB 40 billion worth of projects
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                    [Title] => HSBC sole offshore renminbi for LME clearing house
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The Hongkong and Shanghai Banking Corp. (HSBC) has been mandated as the sole offshore renminbi (RMB) concentration bank for LME Clear, the clearing house for the London Metal Exchange (LME) market.

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                    [Title] => EastWest Bank launches RMB products
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                    [Title] => HSBC urges renminbi trades to boost Phl competitiveness
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                    [Title] => Establishment of RMB-peso-$ market pushed
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                    [Title] => More renminbi transactions seen
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                    [Title] => SCB offers renminbi to Phl, Asian business
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Standard Chartered PLC has raised one billion Chinese yuan (renminbi) through a Singapore-listed offshore renminbi bond.

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                    [Title] => HSBC's China unit leads foreign banks in capital base
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                    [Title] => HSBC issues 1st yuan-denominated notes in S’pore
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British banking giant Hong Kong and Shanghai Banking Corp. (HSBC) expects huge benefits for companies in the Philippines using the Chinese yuan or renminbi (RMB) in their cross-border transactions.
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abtest

Philippines, China ink RMB 40 billion worth of projects

By Louella Desiderio | September 28, 2023 - 12:00am

A total of 24 projects worth over RMB 40 billion to be undertaken by Chinese and Filipino firms, were signed at a recent China – Philippines trade promotion event, reflecting stronger economic and trade t...

Business

HSBC sole offshore renminbi for LME clearing house

September 1, 2015 - 12:00am

The Hongkong and Shanghai Banking Corp. (HSBC) has been mandated as the sole offshore renminbi (RMB) concentration bank for LME Clear, the clearing house for the London Metal Exchange (LME) market.

Banking

EastWest Bank launches RMB products

By Ted P. Torres | September 30, 2014 - 12:00am

East West Banking Corp. (EastWest Bank) is offering renminbi (RMB) savings account, time deposit, loan, remittance and trade financing.

Banking

HSBC urges renminbi trades to boost Phl competitiveness

By Donnabelle L. Gatdula | July 20, 2014 - 12:00am

The Philippines should assess its readiness to do business in renminbi (RMB) to increase competitiveness, a foreign bank official said.

Business

Establishment of RMB-peso-$ market pushed

By Zinnia B. Dela Peña | June 19, 2014 - 12:00am

Bank of China is seeking the development of a renminbi(RMB)-denominated currency trading platform in the Philippines given...

Business

More renminbi transactions seen

By Kathleen A. Martin | October 30, 2013 - 12:00am

The launch of a new onshore trading system for the Chinese renminbi will help encourage transactions in the currency in line with China being one the biggest drivers of the global economy.

Business

SCB offers renminbi to Phl, Asian business

June 4, 2013 - 12:00am

Standard Chartered PLC has raised one billion Chinese yuan (renminbi) through a Singapore-listed offshore renminbi bond.

Banking

HSBC issues 1st yuan-denominated notes in S’pore

By Donnabelle L. Gatdula | May 29, 2013 - 12:00am

HSBC issued yesterday the first bond in the Singapore offshore renminbi (RMB) market, marking the first RMB bond in ASEAN and coinciding with the historical start of yuan clearing in Singapore.

Business

HSBC's China unit leads foreign banks in capital base

November 22, 2011 - 12:00am

HSBC Bank (China) Co. Ltd. is now the foreign bank with the largest capital base in mainland China.

Banking

HSBC sees huge benefits for Phl firms using yuan in cross-border deals

By Lawrence Agcaoili | April 24, 2011 - 12:00am

British banking giant Hong Kong and Shanghai Banking Corp. (HSBC) expects huge benefits for companies in the Philippines using the Chinese yuan or renminbi (RMB) in their cross-border transactions.

Business