Banque de France signs MoU with Hong Kong Monetary Authority on Renminbi business cooperation
Mr. Christian Noyer, Governor of Banque de France, and Mr. Norman Chan, Chief Executive of the Hong Kong Monetary Authority, signed a Memorandum of Understanding today (28 October 2014) with respect to strengthening cooperation on renminbi business development in Hong Kong and Paris.
Banque de France and the Hong Kong Monetary Authority share the view that by fostering stronger renminbi links between Hong Kong and Paris, it will enhance the breadth and depth of the business in both centres thereby bringing about mutual benefits.
As part of the strengthened cooperation, Banque de France and the Hong Kong Monetary Authority will work together to facilitate more dialogue and collaboration between financial institutions and other corporates from Hong Kong and Paris, with a view to promoting greater use of the renminbi for trade and investment, renminbi liquidity flows, availability of renminbi financial products and services, and market arrangements and infrastructures for conducting renminbi transactions safely and efficiently in the two centres.
Source: Banque de France – Banque de France and Hong Kong Monetary Authority sign MoU on renminbi business cooperation
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