Related News
UAE inks deal for yuan clearing hub
Print Edition
The United Arab Emirates has signed an agreement with China to set up a clearing hub for the yuan, local UAE media said yesterday.
The clearing hub for the Chinese currency, which will satisfy growing needs of UAE-based firms and banks alike, will be the second in the Middle East after Qatar set up the region鈥檚 first yuan clearing hub this April.
The UAE鈥檚 central bank said the agreement was signed while Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan was in China on an official visit earlier this month. No specific date was revealed when the hub will open for trading. The UAE, a major oil supplier, and China also renewed a 35-billion yuan (US$5.4 billion) currency swap deal during the visit.
The UAE was included in Renminbi Qualified Foreign Institutional Investor scheme with 55 billion yuan quota.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
