renminbi

The move reduces exchange-rate risk and could encourage the accumulation of renminbi funds overseas over time, observers believe.

The Russian president sees a rapid pace of growth of settlement in national currencies between China and Russia. The Silk Road Fund flagged investments to come in infrastructure, agriculture and transport.

Issuance of US dollar bonds out of China declined after the US threatened more tariffs on Chinese goods. But investors are pinning their hopes on upcoming talks between US president Donald Trump and Chinese president Xi Jinping.

Foreign investors are buying more onshore Chinese debt, but currency worries remain a drag on the market.

China’s foreign exchange regulator is clamping down on the ability of companies to move money offshore.

Peter Szekely, StanChart's former head of debt capital markets, Hong Kong, has taken up a role with ANZ as its head of specialty funds, Asia

Peter Szekely, head of debt capital markets for Hong Kong, resigns from the bank while ex-StanChart banker Tammy Leung joins Bank of America Merrill Lynch.

New bond and stock issuance could be among the casualties after shares in Shanghai suffered their worst daily decline in eight years.