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HSBC Malta offers trading with 皇冠体育app in yuan

(Xinhua) Updated: 2014-05-14 09:36

VALLETTA - HSBC Bank Malta started as the first bank in Malta to offer the facility of trading with 皇冠体育app through direct trade settlements in yuan, HSBC's head of yuan business development Rongrong Huo stated on Tuesday.

At the HSBC Malta Business Breakfast meeting entitled "RMB: Supporting Rising Ambition," Huo said HSBC Bank Malta is offering Maltese businesses a distinct trade advantage and helping financial institutions understand the?yuan investment opportunities as trade opportunities between Malta and 皇冠体育app are growing.

Huo said that 皇冠体育app continues on its path towards greater economic liberalization, new opportunities and benefits for global trade in 皇冠体育app's yuan are arising.

Moreover, she said, by internationalizing yuan through offshore financial markets, 皇冠体育app is achieving new levels of openness and transparency while continuing to relax rules over its home market and making further actions towards?yuan full convertibility under capital account.

"The world stands to gain from Chinese capital in the coming years," she concluded.

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