BOCHK outlines future of RMB clearing

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BOCHK outlines future of RMB clearing

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The launch of China’s cross-border interbank payment system (CIPS) last year was a milestone for the internationalisation of the renminbi. Close to a year on, Bank of China Hong Kong’s general manager for bank-wide operations, Yang Ru Hai, speaks to GlobalRMB on what it takes to improve RMB clearing and what the future holds for clearing banks such as themselves.

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