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HSBC first foreign bank market maker to trade Rmb and ringgit

HSBC China has been appointed a market maker to provide Malaysian ringgit liquidity as the Mainland today opened its domestic foreign exchange market to trades of the ringgit against the renminbi. HSBC is only one of three banks and the only foreign bank market marker for China’s sixth currency pair launched today. HSBC China started trading the new currency pair…

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