The Chinese Securities Regulatory Commission has announced a new agreement with the Central Bank of Russia in a bid to internationalise Moscow's currency. The new pact will allow for regulatory and supervisory cooperation between the countries while enabling the settlement and clearing of renminbi payments in China.
The Chinese Securities Regulatory Commission has announced a new agreement with the Central Bank of Russia in a bid to internationalise China's currency. The new pact will allow for regulatory and supervisory cooperation between the countries while enabling the settlement and clearing of renminbi payments in Moscow.