First offshore CIPS clearing completed
Jul 18, 2016
Standard Chartered HK starts CIPS cross-border Rmb payments
SC has become the first foreign bank in the offshore market that can participate in the global clearing platform for Rmb with two large Greater Bay Area-based firms taking part in the launch.
As demand rises globally for the internationalisation of the Renminbi (Rmb), Standard Chartered (Hong Kong) has commenced cross-border Rmb clearing services in China’s Cross-border Interbank Payment System (“CIPS”).
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.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
