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The Australian Securities Exchange (ASX) has unveiled its new renminbi (RMB) securities depository service, which builds on an existing suite of options utilized by the exchange in cooperation with the Bank of China Limited, Sydney Branch (Bank of China), according to an ASX report.
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The launch of the new RMB service caters to Australian financial markets, at a time when the Chinese currency’s use is on the rise in the APAC region, according to recent SWIFT tracking data. In particular, the depository service will help enable ... (read more)