CCB lists first RMB money-market ETF in London
China Construction Bank has launched the first RQFII money-market ETF onto the UK markets. The move comes as the lender seeks to tap growing European demand for investments in the Chinese currency.
China Construction Bank (CCB) has listed the first RQFII money-market ETF in London, the lender announced yesterday.
The bank, China's second-largest lender, said the launch was part of CCB's strategy to promote the globalisation of the renminbi.
CCB is following in the footsteps of other Chinese banks which have been stepping up their launch of renminbi investment products in Europe in a bid to tap demand from investors keen for exposure to the currency.
CCB International Ass…
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