China and Iceland central banks extend currency swap agreement

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China and Iceland central banks extend currency swap agreement

The People's Bank of China, the country's central bank, announced on 30 September that it extended a currency-swap contract worth RMB 3.5 billion (US$ 569.11 million) with the central bank of Iceland. The swap is intended to strengthen bilateral financial relationships, promote trade between the two nations, and preserve financial stability, according to a PBC statement. In June 2010, a three-year bilateral currency-swap agreement was signed for the same amount, according to Chinese State run media.

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China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China and Australia central banks ink currency-swap deal

China and Australia central banks ink currency-swap deal The central banks of China and Australia signed a RMB 200billion (US$31.74 billion) currency swap agreement for a preliminary three-year period which could extend with both sides’ consent. The deal is intended to help reinforce financial cooperation between Australia and China, as the nations boost bilateral trade , investment, and promote regional financial stability. Since the global financial crisis started, China has signed currency swap agreements worth RMBb1.5 trillion（US$ 237million）with 17 countries and regions to sustain its trade and investment with other economies.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

China and Turkey Sign Currency Swap Deal

Bill Henner and David Nealis in Shanghai

China & Turkey Sign Currency Swap Deal

China's central bank said that it has signed a RMB10 billion (US$1.59 billion) currency swap agreement with the Central Bank of Turkey.

According to a statement on People's Bank of China’s website, the three-year agreement will be extendable by mutual consent.To promote the international use of Renminbi, China has signed currency swap agreements with 15 countries and regions since the onset of the global financial crisis in late 2008.  

China continues to be an ideal place for firms looking for growth, what is your firm’s China Market Strategy?  

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.