The Asian Banker
中文
LoginSubscribe

Hong Kong's Rmb RTGS system supports its role as global Rmb clearing and settlement platform
Hong Kong handles 84.6% of offshore Rmb trade settlements, with demand for offshore Rmb financing and investments on the rise.

May 10, 2013 | Wendy Weng

Hong Kong, the leading offshore renminbi (Rmb) business centre, may not be much affected by the recent developments in offshore Rmb business in London, Singapore and Taiwan due to the continued maturity of its offshore Rmb business and the support of the Chinese government.  Cross-border Rmb trade settlement handled in Hong Kong has seen tremendous growth with the expansion of the Rmb cross-border trade settlement pilot scheme launched in June 2009, which strengthened the role of Hong Kong serving both local and overseas banks and companies. As at…

Please login to read the complete article. If you already have an account, you can login now or subscribe/register.

Categories: Asian Banker 500, Cash, Treasury & Trade, China, Databook, Hong Kong, Rmb, Transaction Banking
Keywords: HKMA, RTGS, Dim Sum Bonds
Add a new comment:




Allowed tags: <b><i><br>



Comments (0)



Show Less
About us | Jobs and Internships with us | Contact us | Advertise with Us | | Privacy Policy | Copyrights Requests | Legal Notice | Feedback
RSS FeedRSS Feed | Follow us on Linkedin Twitter Facebook
Copyright 2014, The Asian Banker. All Rights Reserved .