RMB cross-border settlement between China and the UK doubled in 2018
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
Settlement has arisen as one of the prime benefactors of blockchain technology with cost savings widely discussed as a benefit.