Deutsche Bank Hosts Forum on Offshore RMB Opportunities
In recognition of the increased importance of the renminbi (RMB) as an international business currency, Deutsche Bank has hosted a forum for clients on maximising offshore RMB opportunities in Hong Kong.
Shu-Pui Li, head of financial infrastructure development division, Hong Kong Monetary Authority (HKMA), was the keynote speaker. At the forum, which was attended by over 120 clients, speakers provided insights in to the latest developments in the internationalisation of the RMB. The forum aimed to facilitate dialogue on key initiatives from cross-border RMB-denominated trade settlement to investment opportunities, and to promote a deeper understanding of a wide range of topics such as treasury-related matters, trust and securities services, alternative investments, foreign exchange (FX), rates and hedging strategies.
“Deutsche Bank has been at the forefront of RMB internationalisation initiatives since their inception, and was one of the first banks to build RMB handling capabilities across our footprint. We play a pivotal role in helping corporates and financial institutions understand the fast changing regulatory framework and how they can take advantage of these new opportunities as they arise,” said Lisa Robins, regional head of global transaction banking, Asia-Pacific, Deutsche Bank.