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China Taps Deutsche Bank as First Foreign Yuan Clearer in Europe

Bloomberg Markets Wednesday 12 August 2026, 03:16 UTC By Bloomberg News 1 min read
Key Points

China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the currency overseas.

China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the currency overseas.
China Taps Deutsche Bank (ORG) First Foreign Yuan Clearer (ORG) Europe China (LOCATION) Deutsche Bank AG (ORG) non-Chinese (ORG) Europe (LOCATION)
Originally published by Bloomberg Markets Read original →

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