HSBC and other multinational banks to promote renminbi settlement

HSBC and Standard Chartered are offering discounts on deals and other financial incentives to companies that choose to settle their trade with the renminbi.　　In addition, other global banks, including Citigroup and JPMorgan Chase, have also staged roadshow in Asia, Europe and the US to promote renminbi settlement services to companies.　　Global banks such as HSBC and Standard Chartered have launched an international roadshow to urge corporate clients to use the renminbi rather than the dollar in trade deals with China, according to foreign media reports. HSBC and Standard Chartered are offering discounts on deals and other financial incentives to companies that choose to settle their trade with the renminbi.　　In addition to HSBC and Standard Chartered, other global banks, including Citigroup and JPMorgan Chase, have also staged roadshow in Asia, Europe and the US to promote renminbi settlement services to companies. Rolisa, head of JPMorgan's China Capital and securities services business, said recent international customer "interest surges". A growing number of Chinese companies are asking foreign trading partners to accept renminbi payments, said have been asking, head of Hong Kong's global corporate and financial transactions service.　　Spanish foreign bank, Spain's second-largest bank, is also designing a global marketing campaign focusing on Latin American companies exporting to China.　　The China Central Bank and other six ministries issued a joint notice in mid-June, the pilot area of cross-border trade renminbi settlement expanded further, outside the territory is no longer limited, the pilot business scope is extended to trade in services and other recurrent projects. Data show that, and from the beginning of the pilot to the end of July, the bank to deal with Cross-border trade renminbi settlement business reached 91.642 billion yuan, and the domestic occurrence of the renminbi actual collection and payment business of overseas countries and regions have reached 30.