01 August 2016

RMB-denominated securities in Austraclear now live

Today, ASX Austraclear’s ability to support the issuance, settlement and holding of RMB-denominated securities went live.

Austraclear, which is the primary settlement system for Australia’s wholesale debt securities market, has announced that, as of 1 August 2016, they are technically ready to enable issuances by Australian and offshore issuers of RMB-denominated securities into Austraclear.  This follows Austraclear’s creation of a real-time RMB settlement service which was completed in July 2014 and further facilitates the internationalisation of RMB in Australia.

Domestic and offshore market participants can take certain steps to ensure they are ready for multi-currency issuances in Australia, including the establishment of an RMB account.  In doing so, they will be able to identify and take advantage of opportunities to pay, receive, lend, borrow and invest in RMB securities in Australia.

See the Austraclear notice here.

Key contacts

A Guide to Doing Business in China

We explore the key issues being considered by clients looking to unlock investment opportunities in the People’s Republic of China.

Doing Business in China
Share on LinkedIn Share on Facebook Share on Twitter Share on Google+
    You might also be interested in

    In those heady times a small project team in East Europe with a white paper and a dodgy website could raise millions of dollars in the span of several minutes. The ICO investment phenomenon coupled...

    02 February 2019

    the China Banking and Insurance Regulatory Commission (“CBIRC”) released the Decision on Amending the Implementation Rules of the Regulations of the PRC on the Administration of Foreign Funded Banks ...

    05 December 2018

    The final form of Brexit is unclear but as the process has been triggered, a Brexit of some form seems inevitable.

    30 November 2018

    The FDI Law introduces the possibility of up to 100% foreign ownership of a business entity on-shore UAE.

    28 November 2018

    You may also be interested in...

    Legal services for your business