Saturday, September 10, 2016

Renminbi Influence Continues To Spread

Australian securities can be held in Chinese currency

SYDNEY - The Australian Securities Exchange (ASX) has launched a new service which allows Australians to hold securities in Chinese currency renminbi. Developed in cooperation with the Bank of China, the service has been available since August 1 through the ASX's subsidiary Austraclear, the entity responsible for the wholesale debt market's securities depository and settlement. Austraclear…