CLS signs MoU with Chinese think-tank

Mutual support: “The co-operation between NIFD and CLS is an important step” – Li Yang

Foreign exchange (forex) utility CLS has signed a memorandum of understanding (MoU) with the National Institution for Financial Development (NIFD), a Chinese think-tank.

Under the MoU, signed on January 23, the two institutions will co-operate on areas related to foreign exchange, payments and settlement to support the development of China's economy and the renminbi's internationalisation.

"China's financial development would be enhanced by integration with global financial markets and

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