CCB joins as part of agreement for Offshore Chinese Renminbi futures
China Construction Bank has become the
first Chinese firm to sign up to participate in the fixing of
silver prices, according to silver fix administrators CME Group
and Thomson Reuters.
The China Construction Bank’s
(CCB) participation in the London Bullion Market Association
(LBMA) silver price is part of a memorandum of understanding signed in
October, in which the CCB agreed to support the
Merc’s plans to offer the first Offshore Chinese
Renminbi futures contracts with physical delivery in
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