Agreement should pave way for more renminbi investment opportunities
Restrictions lifted on renminbi clearing business
Issue: September 2010
Keywords (click to search):
agreement
renminbi
Mayer Brown JSM
Norton Rose
Investment channels for renminbi clearance need to be further opened up to develop the trade settlement between Hong Kong and China on renminbi investments, say counsel.
An agreement was signed recently between the Mainland’s central bank, the People’s Bank of China and Bank of China, Hong Kong’s renminbi clearing bank, to further lift restrictions on the renminbi clearing business. Now, corporations and individuals will be able to go through the banks...
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