ANZ Royal sees yuan role

22 July 2011
The Phnom Penh Post
Economy and commerce
ANZ / ANZ Royal Bank / Chinese / Chinese aid / currency conversion / Renminibi / Stephen Higgins / tax rebates / transactions / Yuan

ANZ Royal Bank is seeking a larger part in handling transitions involving the Chinese yuan as the currency becomes more prevalent. Exports who bill their clients in yuan are being granted tax rebates of between 15 and 18 percent by the Chinese government. A service for such transactions will be launched by ANZ soon.

http://www.phnompenhpost.com/index.php/2011072250563/Business/anz-royal-sees-yuan-role.html

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