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Deutsche Boerse steps up efforts to take euro-clearing from London

DeutscheBoerseAGissteppingupitseffortstolurethelucrativebusinessofeuroderivative-clearingawayfromLondonafter"Brexit."TheFrankfurt-basedstockexchangeoperatortold

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Bank of England sees Brexit risks to EU bank lending in UK and clearing

BrexitposesriskstotheabilityofBritishcompaniestoborrowfromEuropeanbanksandtosomeclearingactivitywhichmighthavetorelocatefromLondononceBritainleavestheEU,theBank

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Great Barrier Reef at risk of being placed on UNECSO danger list: Australian minister

​Australia's Great Barrier Reef is at risk of being placed on UNESCO's World Heritage "in danger" list after land clearing laws failed to be passed through parliament, a government minister conceded on Friday.

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Bank of China becomes LCH.Clearnet's first Chinese PPS Bank

​Bank of China Ltd London Branch becomes the first Chinese PPS (Protected Payments System) Bank of LCH.Clearnet Ltd.

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China launches international payment system

​The first phase of China International Payment System (CIPS) was officially launched Thursday in Shanghai, a milestone in the internationalization of the Chinese currency, the renminbi or yuan.

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Open bank card clearing market raises competition, benefits consumers

China will open bank card clearing to foreign companies to improve competition and reduce costs to card issuers and users.

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China opens bank-card clearing to foreign investors

China will open the bank-card clearing business to both domestic and foreign investors in an effort to expand the opening up in financial sector and optimize consumption environment.

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PBoC authorizes CCB to be RMB clearing bank in London

The People's Bank of China (PBoC) announced on Wednesday morning that the China Construction Bank (CCB) will become a clearing bank of the RMB business in London.

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HKEx, LME and BOC sign memorandum of understanding

Hong Kong Exchange and Clearing Limited(HKEx), The London Metal Exchange(LME) and Bank of China Limited(BOC) signed a memorandum of understanding(MOU) on cooperation and the exchange of information regarding the clearing of RMB commodity products.

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ICBC kicks off yuan clearing bank services in Singapore

Banking giant Industrial and Commercial Bank of China (ICBC) kicked off its yuan clearing services in Singapore on Monday, marking a milestone in Singapore' s development as an offshore yuan hub.

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Mainland-Taiwan economic co-op

Economic cooperation between the Chinese mainland and Taiwan has made two more breakthroughs.