The foreign exchange markets at all levels continue to develop in the 2nd largest economy in the world...
Read moreGo East, young man! Survey shows Chinese banks’ lending volumes amounted to 25% of region’s market share
Read moreYuan clearing will be extended to 20.5 hours, increasing London and New York's ability to conduct more business and increasing access to yuan liquidity.
Read moreBoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…
Read moreTrade and business ties to strengthen further after the implementation by mid-2014 Major Australian stock exchange ASX has issued a press release outlining an agreement between the Bank of China and ASX to provide Chinese Yuan settlement services to the Australian and Chinese financial markets by the middle of this year. The agreement was signed…
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