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Deutsche Bank announced on August 10 that it has been authorized by the People's Bank of China to act as the Frankfurt RMB clearing bank as a regional hub connecting the Chinese payment system to provide European financial institutions and enterprises with comprehensive clearing and settlement services throughout the RMB cross-border transaction process.

Zhitongcaijing·08/10/2026 12:25:08
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Deutsche Bank announced on August 10 that it has been authorized by the People's Bank of China to act as the Frankfurt RMB clearing bank as a regional hub connecting the Chinese payment system to provide European financial institutions and enterprises with comprehensive clearing and settlement services throughout the RMB cross-border transaction process.