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Designation of Deutsche Bank as yuan-clearing bank in EU adds impetus to broader trade
The designation of Deutsche Bank, a key and influential bank in Europe, to serve as the yuan-clearing bank will greatly facilitate and expand the use of the yuan in the EU market, providing more impetus to broader China-EU economic and trade ties, a Chinese analyst said on Tuesday.
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cryptobriefing.com
Deutsche Bank appointed as RMB clearing bank for Europe, expanding China's currency reach
PBOC authorizes Deutsche Bank as RMB clearing bank in Frankfurt, expanding China's yuan infrastructure in Europe alongside the Bank of China.
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finews.com
Deutsche Bank Becomes First European Bank With Renminbi Clearing License
Deutsche Bank is the first European financial institution authorized to clear and settle transactions in the Chinese currency. Until now, this service has been provided by…
