Citi hails China-London automatic RMB sweeping

Citi 230px
By Carrie Hong
17 Oct 2014

Citi has completed its first renminbi cross-border automated sweeping structure from China to London. While a global RMB cash pooling solution enables corporates to integrate RMB effectively into their treasury and liquidity structures, the bank believes it is also truly paving the way for the RMB’s development as an international currency.

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