SEB in China Receives Preliminary Licence for Business in RMB

SEB in China has received the preliminary licence to pursue banking operations in the Chinese currency, the renminbi (RMB), from the China Banking Regulatory Commission (CBRC).

“This will allow our clients in China to take advantage of a full range of corporate banking services in the local currency Renminbi across the whole country”, says Carl Christensson, head of SEB in Shanghai.

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