Since the launch of the cross-border trade settlement scheme in 2009, China’s currency, the renminbi, has become almost unrecognisable. There seems little doubt that it is set to impact global transactions on a major scale, meaning that it is vital that financial institutions (FIs) position themselves, not just for the end result, but to leverage on each development as it is announced. For FIs, now is the time to step up and exceed client expectations. In The Asian Banker, Agnes Vargas, regional head, Greater China and ASEAN, Commerzbank, describes how banks must equip clients with access to every opportunity available from this new global currency, allowing both FIs and corporates to capitalise on the potential.
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