BNP Paribas is pleased to announce that it has been designated as a primary liquidity provider for the offshore Renminbi (RMB) market in Hong Kong (the “Primary Liquidity Provider”) by the Hong Kong Monetary Authority (HKMA).
As a Primary Liquidity Provider, BNP Paribas shall work closely with the HKMA to:
- promote the use of the Hong Kong RMB liquidity pool to provide offshore RMB funding to other financial institutions and corporate customers ;
- extend the usage of RMB in the global offshore capital markets and in particular in the foreign exchange, interest rate, equity and derivative space through its global product platform; and
- expand its RMB Competence Centre in Hong Kong as per the group’s strategy in order to promote the international use of RMB and capture RMB business opportunities worldwide for clients.
Following a career in the automotive industry and Supply Chain consulting, Vincent Follot joined...
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