German lender sees rapid growth in yuan business
By Chen Jia | China Daily | Updated: 2012-06-07 08:04
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A Commerzbank AG branch in Frankfurt, Germany. The bank is studying and improving transactions in yuan-denominated derivatives, according to a Commerzbank executive. Hannelore Foerster / Bloomberg |
Commerzbank AG, Germany's second-largest bank, expects fast expansion in the Chinese market this year, supported by rapid growth in yuan-denominated business, despite a dim near-term outlook for Sino-EU trade and investment.
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