Deutsche Bank is now allowing the settlement of yuan transactions in Europe, driven by China's increasing yuan use and policy ambitions.
2 reports, 2 independent
Updated Aug 14
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What happened
Deutsche Bank is now allowing the settlement of yuan transactions in Europe, driven by China's increasing yuan use and policy ambitions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Deutsche Bank gains direct access to China's financial system to clear Renminbi transactions in Europe.1 source
Deutsche Bank enables yuan settlement in Europe, driven by China's policy shifts.1 source
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The entities involved
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Deutsche Bank
German global banking and financial services company