Bank race for offshore renminbi gathers pace


The popularity of offshore renminbi trading, also known as CNH, shows little sign of letting up after RBC Capital Markets entered the fray last week and Deutsche Bank claimed to have reached new records in its CNH trading volumes.

RBC Capital Markets announced on May 16 it had launched a deliverable CNH platform that will allow the Canadian bank to execute interbank trades in CNH across spot, forwards and swaps. The new platform will be based out of Hong Kong and builds on the bank's existing

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