Bloomberg, the news vendor and information services firm has announced what it says is the first global, real-time data service that gives investors access to live interbank pricing for the Chinese onshore renminbi market.

The service captures currency trading activity among banks and financial institutions in China and is provided via the China Foreign Exchange Trade Ssytem, part of the country’s central bank.

The launch comes at a time when trading in the renminbi market and RMB-denominated bonds is growing among domestic Chinese and foreign financial institutions, for example. Wealth managers are said to be significant players in this and related markets. The RMB-based bond market is still relatively small, for example, currently valued around $6.8 trillion versus a global market valued at over $100 trillion (Source: Nikko Asset Management).

“The addition of the CFETS data gives investors insights into real-time tick-by-tick movement, volumes and markets participant information in China’s onshore interbank market,” Tod van Name, Bloomberg’s head of foreign exchange, economics and commodities, said.

“Given the rapid internationalization of the Chinese Yuan [aka renminbi], this data is imperative to global markets as it provides our clients greater transparency for smarter and more timely trading, hedging and investment decisions,” he said.