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    Deutsche Bank’s yuan mandate boosts Chinese currency’s global reach

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    Source: South China Morning Post
    Published: 2026-08-23 22:30 UTC+10:00
    Section: General
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Asia, Europe, Economy & Finance, China, World News, Asia Pacific
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    Snippet:
    The clearing mandate from China elevates Frankfurt as a primary hub for offshore renminbi settlement, challenging London’s dominance
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