Deutsche Bank appointed as RMB clearing bank by the People's Bank of China
2026-08-12 01:21:29
According to CoinMeta, Deutsche Bank has been appointed by the People's Bank of China as the RMB clearing bank in Frankfurt, becoming the first European bank to receive this appointment. This enhances the direct connection between European enterprises and China's financial system. Deutsche Bank will handle cross-border RMB transactions. Alexander von Zou Müllen, the bank's CEO, stated that this appointment will strengthen the bank's role as a global clearing partner and support the internationalization of the RMB.
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