RBC launches China sales team

Based in Hong Kong, the Capital Markets Pacific Group (CMPG) will offer foreign exchange, fixed income and commodities products to Chinese financial institutions and their offshore branches.

An un-named official at the bank in Hong Kong said RBC CM is keen to take part in the "very large market" opening up in China. He added that the bank aims to hire new staff members for the group, although he was unable to give further details of the expansion last week.

The launch of the new Chinese team