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RMB remains the fifth most active currency in global payments in July: SWIFT
China's currency renminbi (RMB) retained its position as the fifth most active currency for global payments by value in July, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
China central bank pushes local financial service through SWIFT JV
China's central bank on Tuesday announced that a joint venture (JV) between global financial messaging service provider SWIFT and four Chinese institutions will offer localized financial services to make cross-border transactions more stable and secure.
SWIFT sets up wholly-owned enterprise in Beijing
The Belgium-based financial messaging services provider SWIFT set up a wholly-owned enterprise in Beijing Tuesday amid China's further opening of its financial market.
27 Chinese banks to provide SWIFT gpi service
SWIFT announced Tuesday that 10 Chinese banks have joined SWIFT global payments innovation (gpi) system and provided the gpi service since its initiation in May of 2017, while 17 more will get started soon.
London ranks first for offshore RMB FX transactions: SWIFT
More than one third of all offshore Chinese renminbi foreign exchange transactions are carried out in the United Kingdom, according to the SWIFT renminbi tracker.
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