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SFC to conduct RMB readiness tests on brokerages wanting to carry out listed RMB securities business

The Securities and Futures Commission (SFC) has given a reminder to all brokerages and other participants of the Central Clearing and Settlement System (CCASS) wanting to carry out listed Renminbi (RMB) securities business to set up a RMB designated bank account as soon as possible. The deadline for submitting the application documents to the Hong Kong Securities Clearing Company Limited…

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