RMB-Initiative Frankfurt

The City of Frankfurt is the leading Financial Centre in Germany and Europe, situated in the economic powerhouse Rhine-Main-Region and the State of Hesse.

In July 2013, the Hessian Ministry for Economics, Energy, Transport and Regional Development founded the RMB initiative group, which brings together companies out of the finance and industrial sector, regulators, the German National Bank and Ministry of Finance. The group was founded with the goal of bringing a RMB clearing solution to the Financial Centre Frankfurt. Since November 2014, it has been possible to clear RMB payments directly with China via the RMB Clearing Bank (Frankfurt branch of the Bank of China). In October 2015, the Chinese central bank commenced operation of its new payment system, China International Payment System (CIPS), co-developed by 19 banks, including eight foreign institutions, including Deutsche Bank, Hong Kong and Shanghai Bank (HSBC) and Citibank.

The initiative’s site marketing working group inlcudes many well-known actors from the Frankfurt-Rhine-Main region, including assorted associations, advocacy groups, financiers and academic institutions.

The following are available contact persons:

Supervisory and Regulatory Questions

Hessian Ministry for Economics, Energy, Transport and Regional Development
Highest regional authority responsible for the Financial Centre Frankfurt

Contact: Dr. Stephan Bredt
Telephone: 0049 611 8152052
E-Mail: stephan.bredt@hmwvl.hessen.de

Verband der Auslandsbanken in Deutschland e.V.
Interest group for foreign banks, capital management and financial services companies

Contact: Dr. Oliver Wagner
Telephone: 0049 69 9758500
E-Mail: oliver.wagner@vab.de

Organisational and legal questions concerning establishing branch offices

China Competence Center IHK Frankfurt am Main & Darmstadt
Advisory for establishing branch offices and sourcing of contact persons

Contact: Sonja M. Müller
Telephone: 0049 69 21971433
E-Mail: sonja.mueller@frankfurt-main.ihk.de

FrankfurtRheinMain GmbH International Marketing of the Region
Intermediary for branch-relevant business networks, support in settlement processes through branch and regional specialists, support in applying for residency permits.

Contact: Sibylle Yaakov
Telephone: 0049 69 686038-68
E-Mail: sibylle.yaakov@frm-united.com

FrankfurtRheinMain GmbH International Marketing of the Region – Shanghai Liaison Office

Contact: Bertram Roth
Telephone: 0086 21-5081 2266 ext. 1680
Mobile: 0086 15921200678
E-Mail: bertram.roth@frm-united.com
www.frm-united.com
http://weibo.com/frankfurtrheinmain
25/F China Fortune Tower | 1568 Century Avenue | Shanghai 200122

Wirtschaftsförderung Frankfurt
Comprehensive settlement services for foreign companies

Contact: Polly Yu
Telephone: 0049 69 2123 8548
E-Mail: polly.yu@frankfurt-business.net

Verband der Auslandsbanken in Deutschland e.V.
Interest group for foreign banks, capital management and financial services companies
Contact: Dr. Oliver Wagner
Telephone: 0049 69 9758500
E-Mail: oliver.wagner@vab.de

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