National Bank of Austria to invest in renminbi-denominated assets

renminbi-pic

The National Bank of Austria on Thursday signed an agreement with the People's Bank of China to allow Austria to invest via the Chinese central bank in renminbi-denominated assets.

A joint statement from both central banks said that the agreement was based on the "excellent, long-lasting contacts" between them. The governors of the two central banks, Zhou Xiaochuan and Ewald Nowotny, met in Beijing to finalise the agreement, hailed as "important" in the statement.

This is the first agreement of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: