Standard Chartered Enhances Global RMB Trading Services for Clients

Published 

Standard Chartered is pleased to announce the establishment of the Global RMB Trading team in Financial Markets. Led by Charles Feng, Global Head of RMB Trading, and Regional Head of FX, Rates & Credit Trading in Northeast Asia, the Global RMB Trading team comprises traders across key markets in Hong Kong, Shanghai, Taiwan, London, and New York, with additional support from trading teams in other locations.

As RMB gains traction in its use and acceptability globally, Standard Chartered has seen rising investment and hedging demand from clients globally on RMB products. Clients are looking for seamless pricing and information round the clock. They also want to understand the market opportunities and implications from regulatory changes relating to the rapid development in RMB internationalisation. The Global RMB Trading team has the dedicated focus of sharing such information across the Bank’s network, beating time zone differences and ensuring global pricing consistency for all our clients.

Commenting on this initiative, Nitin Gulabani, Global Head of FX, Rates and Credit, said, “I am very excited that we now have a global trading team supporting our clients 24/7. Being available round the clock means that we are better able to provide clients with more transparent and consistent pricing and equip them with timely and relevant solutions for risk management.”

Standard Chartered has been leading on and enhancing our RMB capabilities for our clients in line with the currency’s internationalisation journey. Earlier this month, Standard Chartered China signed a RMB 100 million one-year interest rate swap with HSBC Bank (China) on the new Loan Prime Rate (LPR) introduced by the People’s Bank of China. The establishment of this market-based benchmark loan marks another important step forward for RMB interest rate liberalisation in China. With new LPR oriented products, we can look forward to help our clients better manage their interest rate risks with greater flexibility.

In August, the Bank also announced the new RMB Solutions Team in Client Coverage, with team members across Hong Kong, London and New York, to provide advisory and deliver bespoke solutions to help clients capture opportunities arising from the internationalisation of the RMB.

Other dedicated RMB initiatives which Standard Chartered has put in place to date include a dedicated CNH Products Head (focusing on capital raising and offshore financial markets solutions) and a RMB Products Head for Transaction Banking (focusing on cash and trade solutions).

Most recent episodes

Trade Finance Vision: J.P. Morgan and Cleareye Collaboration Plots Future Path

Eleanor Hill (TMI) is joined by Natasha Condon (J.P. Morgan Payments) to discuss the latest trends and innovations emerging from the trade finance arena. Natasha considers how treasurers can improve the efficiency of their working capital, and examines why it remains critical for banks and fintechs to...

29:01

Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments. TMI talks to Lavinia Bauerochse (Deutsche Bank) about treasury’s ...

11:41

Embedded Finance: A 101 Guide for Treasurers

Our latest TreasuryCast guest, Aman Narain (HSBC) sits down with TMI's Eleanor Hill to consider the ways in which treasury might be impacted by embedded finance. In this podcast, Aman explains the differences between embedded finance and BaaS, shares his hopes for the future in this space, and provides...

12:58

Audio TMI - A Modern, Agile, and Efficient Machine

UniCredit's Raphael Barisaac and Massimo Ortino explain how the fir...

What’s on the Horizon for Short-term Investments?

The treasury community has risen to the ongoing challenge of rising interest rates and inflation, with corporate cash serving as the sought-after safety net. Here, Daniel Farrell (Northern Trust Asset Management) and Karl Adams (ICD) consider how the latest MMF reform proposals affect short-term...

39:27

Transitioning a Corporate from LIBOR to CME Term SOFR

The loans market has predominantly moved to forward looking term rates, and both corporate borrowers and global lenders are increasingly turning to CME Term SOFR as the forward looking risk-free benchmarks to support their activities. Listen to this podcast, featuring Gavin Lee, Marco Bianchi (CME...

37:16

HSBC’s Sibos Spotlight – View from Sibos

TMI's Eleanor Hill invites Neil Atkinson, Nadine Lagarmitte, and Vinay Mendonca (HSBC) to discuss the critical treasury topics and conversations highlighted at this year's Sibos conference in Amsterdam. Amongst a wealth of market insights, our guests consider the most critical developments emerging from...

38:40

ECB’s Targeted TLTRO Tweaks Set to Drain Excess Market Liquidity

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th...

05:42

Asian Treasury Trends: Learnings and Opportunities

Former corporate treasury professional, Valerie Heng (Deloitte) joins Eleanor Hill to discuss the hot topic of treasury transformation, alongside other key shifts treasurers should be aware of. In this podcast, Valerie uses her knowledge of the Asian Treasury market to explain how the role of the...

20:27