JAPAN: Japan Exchange Group and Bank of China Sign Memorandum of Understanding

Tuesday July 15 2014

News Source: Global Exchanges

Focus: Other

Type: General

Country: Japan

Link: http://www.jpx.co.jp/en/news-releases/140711_a.html

On 11th July, Japan Exchange Group, Inc. (JPX) and Bank of China Limited (BOC) signed a comprehensive memorandum of understanding (MOU) on establishing and developing a yuan-denominated financial instruments market in Japan.

Under the MOU, JPX and BOC will jointly develop yuan-denominated products and create a framework to facilitate the clearing and settlement of yuan-denominated products in Japan.

Click link above for further details.