Best RMB Clearing Bank in Asia Pacific goes to Bank of China

The winning bank has significantly innovated by integrating advanced payment platforms such as SWIFT LNK, GUPP, and facilitating cross-border transactions through Swap Connect. This has resulted in a 38% year-on-year increase in the bank’s value of cross-border RMB clearing transactions and an 85% year-on-year increase in RMB settlement volumes, growing ever robustly as a long-established leader in the RMB businesses. 

For its leadership, innovations and outstanding business performance, the award of Best RMB Clearing Bank in Asia Pacific goes to Bank of China.