China Construction Bank (CCB) and Euroclear Bank have entered into a Memorandum of Understanding over a commitment to fully cooperate in the development of offshore RMB financial products, financial infrastructure, client resources and the provision of high quality services to offshore RMB market participants. The parties will work together on developing an integrated global platform for providing high-quality offshore RMB products and services, including through joint research projects with leading international banks such as Barclays, HSBC, JPMorgan Chase &
China Construction Bank (CCB) and Euroclear Bank have entered into a Memorandum of Understanding over a commitment to fully cooperate in the development of offshore RMB financial products, financial infrastructure, client resources and the provision of high quality services to offshore RMB market participants. This is part of CCB's ongoing overseas expansion plan that has seen the bank establish 22 tier-one overseas entities outside mainland China.