Tag: Renminbi Clearing Bank

September 28, 2016 BY Mike Fox

China Construction Bank appoints SIX for Swiss Renminbi Clearing

China Construction Bank (CCB), China’s second largest commercial bank and the only authorized Renminbi Clearing Bank in Switzerland, announced its plans to work more closely with SIX Securities Services, the Swiss post-trade infrastructure. This cooperation has so far led to CCB and its Zurich Branch working with SIX Securities Services entities: Swiss Interbank Clearing (SIC)…

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July 07, 2014 BY Mike Fox

Frankfurt’s establishment as offshore clearing hub for RMB a huge boost to European corporations says Commerzbank

Frankfurt’s establishment as one of the Eurozone’s first offshore clearing hub for RMB trade settlement along with the city of London will be a huge boost to European corporations trading with China, especially those that are mid-sized, a senior Commerzbank official says. Frank-Oliver Wolf, Global Head of Cash Management and International Business at Commerzbank, comments: “The…

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