Canada is the Only RMB Hub in a North American Time Zone, Serving Canadian, U.S. and Global Clients
Recent SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with China and Hong Kong, representing 37% of all institutions exchanging payments with China and Hong Kong across all currencies. This is an 18% increase over the last two years.
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