Choose the category below to
refine article list

Economics

Search Results

Results: 1 - 20 of 21 for 
Display 
 per page
Sort result by 
  • Offshore Renminbi – Big Apple, bigger Renminbi - Updated Fri March 7, 2014

    • We add New York to our RGI, reflecting rising Renminbi payment flows and CNH FX turnover • New York enjoys time-zone advantage, massive trade with China, and rising investor interest in the RMB • We summarise the latest Renminbi developments in...

  • Offshore RMB – Survey says momentum to continue - Updated Tue January 7, 2014

    • The RGI rose 6.1% m/m in November, mainly driven by strong deposit and cross-border payment growth • Survey shows strong growth potential for CNH usage by mainland corporates across trade, FX and loans • Corporates need to become more proactive ...

  • 13-Dec – Top rates trades for 2014 - Updated Thu December 12, 2013

    Top 3 data/events • China – CNH drops to a discount to CNY onshore • Japan – Q4 Tankan survey to show large manufacturers are upbeat • Philippines – Remittance growth likely slowed on base effects • Market focus • Our total-returns analysis ...

  • Offshore Renminbi – All-round support for the RGI - Updated Mon December 9, 2013

    Rising offshore deposits fuel RGI growth; Renminbisation in Hong Kong is happening but is not a threat • UK’s launch of Renminbi clearing cements its position as leading offshore Renminbi centre in the West • We expect the Renminbi to be a G4 curr...

  • Offshore Renminbi – RGI to get a further policy boost - Updated Thu November 7, 2013

    RGI re-accelerated in September, up 3.0% m/m to 1,183, thanks to another strong deposit performance • Policy breakthrough should provide impetus for faster growth in European market after a strong Q3 • Mainland issuers, led by the Ministry of Fina...

  • The Renminbi’s 2020 odyssey - Updated Mon November 4, 2013

    In this issue of The Renminbi Insider, we look ahead to 2020 and explain the currency’s likely odyssey across the trade, FX and the rates space. We expect 28% of China’s international trade to be denominated in Renminbi by 2020, some USD 3tn a year....

  • Offshore Renminbi – Survey says RGI to reaccelerate - Updated Mon October 7, 2013

    RGI’s rise moderated in August to 1.8% m/m; strong deposit growth across centres is a bright spot • Survey suggests that CNH growth is picking up again, although Dim Sum issuers remain cautious • We added new survey questions to understand which f...

  • Offshore Renminbi – Taiwan joins the RGI - Updated Mon September 9, 2013

    We add Taiwan to our RGI, in recognition of its rapid emergence as a key offshore Renminbi centre • Taiwan has plenty of room to grow, building on its early success in Renminbi deposit accumulation • Our RGI hit 1,112 in July, up 65% y/y, reflect...

  • 08-Aug – Fade the yen rally - Updated Wed August 7, 2013

    Top 3 data/events • China – Weak demand likely weighed on growth • Australia – RBA likely to lower growth forecasts in quarterly statement • CNH – Our RGI continues to climb, despite a challenging backdrop • Market focus • Government’s fiscal ...

  • 15-Jul – Remain negative on EM bonds - Updated Sun July 14, 2013

    Top 3 data/events • Australia – July minutes might provide insights into further moves • CNH – CNH discount at end-2013, premium to re-emerge in H2-2014 • US – Consumer spending likely resisted fiscal headwinds • Market focus • Directional si...

  • CNH – The RGI breaks 1,000! - Updated Mon July 8, 2013

    The RGI reached a landmark level in May; strong cross-border payment flows were a big contributor • Our third CNH corporate survey confirms a mild RGI slowdown in store; underlying market drivers intact • We also interviewed 120 Asian investors th...

  • 25-Jun – USTs still adjusting to Fed’s expectations - Updated Mon June 24, 2013

    Top 3 data/events • Singapore – IP likely maintained a modest expansion • CNH – Upcoming auction expected to attract foreign central banks • Germany – Strong consumer confidence, but headwinds remain • Market focus • UST market upset by the Fe...

  • Signalling more pain for EM near-term - Updated Thu June 13, 2013

    The two key macro signals – the market’s Fed view and China’s data – signal more near-term pain • The key positioning signal – high cash levels – dampens negative feedback from redemption flows • In H2, slightly better China growth and lower...

  • 05-Jun – Not all EM are equal - Updated Tue June 4, 2013

    Top 3 data/events • UK – Bank of England on hold at King’s last meeting • US – ISM non-mfg index and ADP set the tone for payrolls • CNH – New USD-CNH forecasts • Market focus • Global backdrop is difficult for EM FX, but there are relative-...

  • CNH – Strong RGI reflects policy push - Updated Tue May 7, 2013

    • RGI rose to another new high of 892 in March, reflecting policy push across geographies • Singapore gears up for a bigger CNH role in ASEAN; reassurance on liquidity is likely to follow • The HKMA’s recent removal of regulatory impediments shou...

  • CNH – Singapore set to get a CNH boost - Updated Wed February 20, 2013

    The appointment of an Renminbi-clearing bank in Singapore marks a key milestone for CNH • Having clearing facilities in Singapore will facilitate regional CNH trade in Southeast Asia • The arrangement will provide an additional boost to China-Sing...

  • CNH – Introducing the Renminbi Globalisation Index - Updated Wed November 14, 2012

    We launch the Standard Chartered RGI, which tracks the Renminbi’s level of globalisation • We also introduce our Offshore Renminbi Corporate Survey of local and global corporates • As the CNY heads towards global reserve currency status, its broad...

  • Up, up and away - Updated Sun October 7, 2012

    • Use of the Renminbi as a trade settlement currency is on the rise around the world. In July-August, 12.3% of China’s trade was settled in CNY, up from 10.7% in the first half of the year. This is being driven by real corporate need rather than arb...

  • 17-May-12 – CNY flexibility amid China soft landing - Updated Wed May 16, 2012

    Top 3 data/events • India – The INR hits an all-time low versus the USD • Euro area – European Central Bank lifts Greek EMU exit taboo • Brazil – March retail sales likely rebounded Market focus • Fears of a China hard landing based on April r...

  • 09-May-12 – Picking up the pace in China - Updated Tue May 8, 2012

    Key events and data • Indonesia – BI to keep interest rates on hold • Philippines – Export growth to remain positive • South Korea – BoK to keep interest rates unchanged Market focus • China’s economy shows tentative signs of recovery, but dow...



  • 1
  • 2
Go to page
  

New User

Find out more about our research

Straight2Bank User

Please access our research via your Straight2Bank account

In Media

Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.