Asset services initiative: The World Bank

The multi-lateral body has laid the foundations for quick and easy execution of dual-renminbi mandates

The World Bank
The World Bank, Washington, DC

As many developed countries started to raise interest rates, some of the lustre may have come off China’s fixed-income market during the past year. However, it is impossible to ignore the significance of the renminbi as a strategic asset class for many central banks – although it is not always easy to service. The World Bank has helped to shift these dynamics by laying the foundation for quick and easy execution of dual-renminbi mandates, covering both onshore and offshore trading.

“The World

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