ABN AMRO recently received a non-renminbi derivatives license for China as part of a push into the Mainland. Li Koon Lim, spokeswoman at ABN in Singapore, confirmed the bank is looking to boost its activity in China, via its Shanghai operation.
The move follows Citigroup, HSBC, Standard Chartered (DW, 4/18) and more recently UBS (DW, 10/15), which all applied for licenses earlier this year.
