HSBC, BoCom Completed First Yuan-Ringgit Trading, CFETS Says

HSBC Holdings Plc (HSBA) and Bank of Communications Co. completed the first transaction between the Chinese yuan and Malaysia’s ringgit, according to a statement of the China Foreign Exchange Trade System which is affiliated with the People’s Bank of China.

The trading amount was one million yuan and the yuan price was 0.46125 against ringgit in the first transaction, the statement said.

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