Euroclear to handle renminbi transactions

15 Sep 2010

Euroclear is planning to offer renminbi clearing services to investors and issuers, the latest step in the development of the offshore renminbi market.

The move will make it easier for foreign investors and issuers alike to buy bonds in the Hong Kong renminbi market, but an immediate surge in issuance is not likely.The clearing house announced this week it will settle Hong Kong renminbi bonds from September 27. Hong Kong renminbi ...

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