News In brief
StanChart completes renminbi trade
Standard Chartered in Hong Kong last week (July 10) became the first international bank to facilitate a cross-border trade in Chinese renminbi between Hong Kong and China. The bank made the payment on behalf of Chapman International to settle an invoice of Dongguan Ming Hoi Dyeing and Finishing.
StanChart also said it is ready to conduct end-to-end transactions for corporates in the Asia region through its internet platform, Straight2Bank.
FX Bridge gains $2
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