koryu
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March 31, 2014, 11:12:36 AM

Frankfurt becomes first RMB clearing hub outside asia

Quote
Deutsche Boerse AG, which operates the Frankfurt Stock Exchange, also signed an agreement with Bank of China, expanding a partnership that will make it easier for Chinese issuers and Asian investors to access European capital markets, including stock listings.

http://www.businessweek.com/news/2014-03-27/frankfurt-sets-sights-on-yuan-offshore-trade-as-xi-visits-merkel
http://www.china-briefing.com/news/2014/03/31/frankfurt-beats-london-become-first-rmb-clearing-hub-outside-asia.html

what does it mean? can chinese trade cny/cnh to eur then or they can only access stock market? could it help chinese to trade bitcoins in europe in any way?