Eight Chinese Banks Connect to London FX Market via R5-SHCH Connect

[kreslik.news]

The interbank London FX market has just opened to eight Chinese banks as the R5-SHCH Connect went live. The service is part of the Belt and Road financial infrastructure connectivity initiative that has been pushed by the UK and Chinese governments.

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The official launch of the line was heralded during the three-day visit to China of UK Prime Minister Theresa May. The delegation of British businesses that joined the May during her visit included representatives from R5 alongside major UK financial institutions HSBC, LSE, ... (read more)