Banque de France and HKMA ink renminbi deal

Central banks agree closer ties to boost business

Chinese currency
Renminbi notes and coins

The Banque de France and the Hong Kong Monetary Authority (HKMA) today signed an agreement on closer cooperation on renminbi business development.

Christian Noyer, the governor of the Banque de France, and Norman Chan, the chief executive of the HKMA, signed a memorandum of understanding "with respect to strengthening cooperation on renminbi business development in Hong Kong and Paris."

The agreement aims to "foster stronger renminbi links" between the two financial centres, enhancing the

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