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: renminbi
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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