RMB promotion seminars successfully held in Toronto
Industrial and Commercial Bank of China （Canada）（“the bank”）held RMB promotion seminars on September 26, 2014 in Toronto. Specialists of RMB business from the bank, its parent bank and Singapore Branch were invited to elaborate topics about RMB current market review, latest RMB policies, RMB globalization pros and cons and the bank’s cross-border RMB service features during the event. In addition, Singapore Branch shared their experience of how to leverage on the strengths of RMB Clearing Bank. Guests from Ontario Ministry of Finance，Consulate-General of the People's Republic of China in Toronto, Toronto Financial Services Alliance (TFSA), as well as representatives from local financial institutions and media attended the event.
The bank, one of the participants in the Canadian financial markets, the Co-Chair of RMB business of Toronto Financial Services Alliance (TFSA) and a member of Advantage BC Working Group, is committed to promoting Canadian offshore RMB market.
This promotion event was a great success. It introduced the latest market trends of RMB and related products to the Canadian financial institutions. At the meantime, it shared the valuable experience of Singapore's offshore RMB clearing center with the participants, providing a good example and references for the setup of offshore RMB center in Canada.