Bank of China chosen as Australia RMB clearing bank
Bank of China Sydney Branch has been appointed by the People's Bank of China (PBoC) to be an official offshore RMB clearing bank. The designation comes in a busy week for the Australian RMB business, with the two countries signing an MoU on RMB clearing and the state of New South Wales launching an RMB bond.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts