Top Tips: How to open a RMB account for cross-border sweeping

RBS’s Yi Xiong advises CT on processes for opening a renminbi special account for cash concentration cross-border in the Shanghai free trade zone (FTZ) and account management going forward.

By Emma Bi

Jun 16, 2014

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Yi Xiong, RBS’s head of cash management product and liquidity for greater China, worked recently with French corporate Sonepar to establish a renminbi cross-border pooling structure in the Shanghai FTZ.

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