Developing your transaction business with China
China and its future economic and financial market development is the focus of boardroom discussions at many transaction banks around the world. With China experiencing lower growth, greater competition, and more volatility, many banks are re-evaluating their China strategy. On the other hand, the Chinese yuan (aka Renminbi or RMB), is increasingly internationalising and being used as settlement currency for trade flows with China. And there are new important developments like the creation of a China International Payments System to clear global RMB transactions. SWIFT has now developed a China strategy, and in this session you will get the opportunity to understand our view of China over the next 5 years, and how SWIFT can support your transaction banking business in China, as input to your global planning.