# Deutsche Bank named clearing bank for China's renminbi

https://mins.news/en/item/18267

- Reuters, 2026-08-10 15:25 UTC
- Economy
- Original: https://www.reuters.com/business/finance/deutsche-bank-named-clearing-bank-chinas-renminbi-2026-08-10/?link_source=ta_bluesky_link&taid=6a79ed58e029de000157f9f5

> Deutsche Bank said China has appointed it as a clearing bank for the renminbi. The bank said the designation marks a first for a European lender. The appointment gives Deutsche Bank a formal role in clearing transactions involving China’s currency. It highlights the bank’s expanded position in renminbi services.