[Photo/VCG] The China Development Bank and Landesbank Baden-Wurttemberg, a major bank of Germany, have issued the first batch of 1 billion yuan ($140 million) of funds for areas such as small and mid-sized enterprises, third-party markets, green finance and sustainable finance under the framework of cross-border renminbi cooperation, CDB announced on Wednesday. The move is … Continue reading Chinese, German banks issue first batch of $140m funds
Tag: renminbi
Discussion in place for international investors to use renminbi bonds as collateral
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Financial authorities from the Chinese mainland and Hong Kong are mulling to facilitate international investors using their renminbi bond holdings as collateral for other products linked to renminbi-denominated assets to further promote financial opening-up. Rico Leung, … Continue reading Discussion in place for international investors to use renminbi bonds as collateral