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I want to know the Renminbi RMB services offered by the Standard Chartered Bank so will you please tell me?
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The Renminbi is fast becoming a global currency. Its increasing internationalisation, combined with China's outstanding growth, presents opportunities not to be ignored. China is the world's second largest economy The renminbi is increasingly being adopted as a global trade-settlement currency China represents massive opportunity for international businesses, accounting for 10% of the world’s nominal GDP, according to International Monetary Foundation and Standard Chartered Global Research estimates, this will increase to 24% by 2030. In the second half of 2012, 13.3% of China’s trade was settled in renminbi, up from 10.7% in the first half of the same year. We expect that as much as 20% of China’s cross-border trade will be denominated in renminbi by 2015. These trends will continue to open up tremendous opportunities for your business, as intra-Asian trade grows and China continues to liberalise its currency. According to the Standard Chartered offshore RMB corporate survey conducted in March 2013, 79% of corporates surveyed currently use at least one renminbi product, and expect to broaden this to three or more products in the next six months. Whether you're an investor, a corporate or a financial institution, they offer a wide range of onshore and offshore renminbi solutions to help you make the most of the currency. Services- Capital Markets Cash and Liquidity Management Derivatives Hedging and Structured Solutions Fixed Income Foreign Exchange Investor Solutions Loans and Deposits Opening an account Trade Settlement and Financing Contact- Global headquarters Standard Chartered Bank 1 Basinghall Avenue London, EC2V 5DD United Kingdom +44 (0)20 7885 8888 +44 (0)20 7885 9999
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