Perspective
21 November 2014
China Merchants launches the United States’ first RMB-denominated CD – with proceeds for trade
Region:
Americas, Asia-Pacific
China Merchants Bank’s (CMB) New York branch has launched the United States’ first renminbi (RMB) denominated certificate of deposit (CD) from its new global CD programme. Liquidity generated will be used to support trade finance transactions in the US-China trade corridor
