Tuesday February 18 2014
News Source: Global Exchanges
Focus: Short Selling
Type: General
Country: Australia
Link: http://www.asx.com.au/documents/asx-news/ASX-Bank_of_China_RMB_Settlement_Service_Media_Release.pdf
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 February 18, 2014 in Sydney.
The service will allow Australian companies to efficiently take or make payments with their Chinese investment and trading partners through proven market infrastructure.
Click on above link for further details.