China Plants RMB Clearing Banks Around The World

Login to View

The author is ANZ greater China chief economist Liu Li-Gang

The People’s Bank of China (PBoC) appointed Bank of Communications’ Seoul Branch as the RMB clearing bank in South Korea today. We notice that the PBoC has appointed more official RMB clearing facilities in the offshore markets, spreading across different time zones.

Continue reading with a China Money Network subscription


Join Now

Already have an account or paid subscription? Log in


RELATED NEWS



LEAVE A REPLY

Please enter your comment!
Please enter your name here