SMEs to benefit most from Frankfurt's RMB hub status, says Commerzbank
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SMEs to benefit most from Frankfurt's RMB hub status, says Commerzbank

Frankfurt 230 Germany

The establishment of Frankfurt as the Eurozone’s first offshore clearing hub for renminbi trade settlement will be of huge benefit to European corporates trading with China, especially those in the small and medium sized enterprise (SME) sector, according to Frank-Oliver Wolf, global head of cash management and international business at Commerzbank.

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