arrow_first

FX VOICE: What the China/UK FX swap means for RMB trade

The Bank of England and the China's central bank will sign a three-year FX swap agreement. Will this increase the use of renminbi for trade in the UK and Europe and what more needs to be done? CT asks the experts.
FX VOICE: What the China/UK FX swap means for RMB trade

Dariusz Kowalczyk, senior economist, Asia ex-Japan, Credit Agricole CIB (pictured):
The deal would add the UK to the list of almost 20 markets with such lines. It would allow the Bank of England to purchase Chinese government bonds in the Mainland market and diversify its reserves into the renminbi. It would also offer a backstop liquidity provision to the growing renminbi market in London.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Register now to enjoy a 7-day free trial. Click the link to get started.

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Sign up for CorporateTreasurer’s Newsletter
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
Become a CorporateTreasurer Subscriber
for unlimited access to all articles, newsletters