Mitsubishi UFJ Bank simplifies remittance process from China to overseas
International Business News – Mitsubishi UFJ Bank has received approval from relevant authorities to simplify the process of remittances from China to overseas companies. The target is enterprises headquartered in the “Lingang New Area” in Shanghai, and in the future,…
RMB international settlement scale increased by 15%
According to Business News International, Kommersant cited a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) as saying RMB international settlement rose 15.6 percent, compared with a 19.86 per cent increase in October. International settlements in other currencies grew by…