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HSBC expands RMB cross-border services in China

HSBC Bank China has rolled out Renminbi cross-border trade settlement services to all of its branches across 24 cities in China. This achievement came only weeks after China’s announcement in mid-August to expand the RMB cross-border trade settlement programme, formerly a pilot initiative limited to a handful of designated provinces, to all areas across the country. Noel Quinn, HSBC’s regional…

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