Citi boosts offshore RMB solutions in UK
Payments and collections, trade services and financing, FX transactions and hedging solutions will all be offered.
Citi says the launch reflects the growing role of London as an offshore centre for RMB business, with clients, particularly multinationals, looking for improvements in areas such as supply chain relationships.
Rajesh Mehta, EMEA head of treasury and trade solutions, says: "EMEA is the second largest trade partner with China, and the European market is quick to adopt RMB denominated
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