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HSBC settles first UK renminbi deal
12 July 2010
HSBC has completed its first UK cross-border renminbi (RMB) trade settlement transaction for the UK hand and garden tool business Neill Tools Limited.
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renminbi trade settlement
Neill Tools Limited
HSBC renminbi
HSBC has announced its first UK cross-border renminbi (RMB) trade settlement transaction for hand and garden tool business Neill Tools Limited, a UK subsidiary of Spear & Jackson plc, based in Sheffield, England.
This landmark transaction follows the extension in June 2010 of the Chinese Government’s pilot programme launched in...
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