ASX and Bank of China to Deliver New RMB Settlement Service

ASX and the Bank of China have agreed to deliver Renminbi (RMB) settlement services to the Australian and Chinese financial markets by the middle of the year.

Bank of China Country Head and General Manager of the Sydney Branch, Mr Shanjun Hu, and ASX Managing Director and CEO, Elmer Funke Kupper, signed the agreement on 18 February in Sydney.