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China Taps Deutsche Bank as First Foreign Yuan Clearer in Europe

1 source ·1 article ·2h ago

China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the currency overseas.

Covered by 1 outlet

Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·2h ago

China Taps Deutsche Bank as First Foreign Yuan Clearer in Europe

China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the currency overseas.