BEIJING, Oct. 13 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC, 01398.HK; 601398.SH) said that its RMB cross-border interbank transactions approached 10 billion yuan in the first three trading days in October, after IMF's inclusion of RMB into its Special Drawing Right (SDR) currency basket in early this month.
According to the ICBC, it has successfully made deals with more than ten overseas central banks to conduct RMB currency and RMB-denominated bond transactions
With the inclusion of RMB into the International Monetary Fund's (IMF) Special Drawing Right (SDR) currency basket, international investors are willing to increase their holdings of RMB bond assets, which will lead to more capital inflows and to some extent ease investors' concerns about RMB depreciation, an official with ICBC said.(Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
