Yuan to Start Direct Trading With Euro as China Pushes Usage

Yuan to Commence Direct Trading With Euro as China Pushes Usage

China will commence direct trading amongst the yuan and the euro tomorrow as the world&#39s second-largest economy seeks to spur international use of its currency. The move will reduced transaction fees and so make yuan and euros a lot more eye-catching to conduct bilateral …
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Korea commercial banks to invest straight in China inter-bank bonds

China is to let South Korea&#39s commercial banks, securities homes and insurances firms to invest directly in China&#39s onshore inter-bank bond market (CIBM) by means of renminbi, two Seoul based sources have told GlobalRMB. The move is the very first time that&nbsp…
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Chinese yuan to trade directly with euro on currency marketplace

The market place operator mentioned the move aimed to market bilateral trade and investment, facilitate the use of yuan in cross-border trade and reduced conversion fees. In June, China began direct trade among the yuan and Britain&#39s pound, one particular of a number of …
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(Posted by a China Sourcing Agent)