Standard Chartered and Chinese Officials Promote Renminbi Trade Settlement

Standard Chartered Bank, together with officials from the Shanghai Municipal Office of Finance Service and the People’s Bank of China, launched a road show this week on reminbi (RMB) trade settlement in three key northeast Asia markets – Hong Kong, Korea and Japan. This follows similar events held recently in London, Frankfurt and Paris.

This series of road shows feature seminars in these markets that see Chinese government and regulatory officials partner with an international bank. The Chinese delegation will share developments on RMB cross-border trade settlement and potential business opportunities in China.

Aimed at promoting RMB trade settlement in Europe and the northeast Asia region, as well as showcasing Standard Chartered’s capabilities, the road shows also provide a channel for the Chinese government officials to meet with Standard Chartered’s corporate and bank clients, together with market regulators and other stakeholders.

“The participation of key Chinese officials in our series of renminbi road shows continues to demonstrate the bank’s strong leadership position in the renminbi cross-border trade settlement space, as well as the tremendous growth opportunities within the Greater China trade corridor,” said Neil Daswani, regional head of north Asia, transaction banking, Standard Chartered Bank.


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