Swiss gain greater access to renminbi markets in new deal
SNB latest to strike deal on renminbi clearing and RGFII programme
Swiss investors will now have greater access to China after the Swiss National Bank (SNB) and People's Bank of China (PBoC) struck a deal to establish Switzerland as a renminbi hub.
The agreement will see Switzerland gain access to renminbi clearing, as well as a 50 billion yuan ($8bn) quota under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme, according to a joint statement issued by the two central banks.
The RQFII programme grants institutional investors the right to
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