Bank of China extends RMB clearing to London hours
Bank to offer the word's longest renminbi-clearing hours
The Bank of China (BoC) is set to extend its renminbi-clearing (RMB) hours to provide coverage for trading in all geographies and to strengthen its cross-regional services to overseas financial institutions.
The BoC will offer RMB clearing for 20.5 hours from October 1, with the Hong Kong RMB clearing system available from 00:30am to 9pm GMT – a five-and-half hour extension of its current offering. This way, trading hours in Asia, Europe and America will be covered.
The bank said in a statement
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