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Overseas Yuan Clearing Facilities
RMB makes Australian debut2014-07-30
A yuan clearing system, jointly developed between the Bank of China and the Australian Securities Exchange, has made the yuan, the first foreign currency in Australia's local clearing system.
W020140704330797981769.jpg BoCom authorized as yuan clearing bank in Seoul2014-07-04
Bank of Communications of China was appointed as a clearing bank for the direct won-yuan trading in South Korea, the Bank of Korea (BOK) said Friday.
Swiss put in bid for yuan clearing2014-07-01
Swiss bankers made their strongest pitch yet to their Chinese peers over the weekend for their country to become a hub for offshore yuan trading.
China to set up yuan clearing bank in Sydney2014-06-27
China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said Thursday as China seeks to make its currency more international.
Bank of China gets yuan mandate in Frankfurt2014-06-20
The central bank said on Thursday that it had designated Bank of China Ltd as the first yuan-clearing service bank in Frankfurt, the latest step in the nation's drive to bolster international use of the currency.
BOC authorized as RMB clearing bank in Frankfurt2014-06-20
China's central bank announced on Thursday that it has authorized the Bank of China (BOC), one of China's big-four banks, to be the clearing bank for renminbi (RMB) business in Frankfurt.
CCB authorized to be RMB clearing bank in London2014-06-18
The People's Bank of China(PBoC)announced on Wednesday morning that the China Construction Bank(CCB)will become a clearing bank of the RMB business in London.
Agreement for yuan clearing bank signed2014-06-18
Offshore yuan activities are accelerating in London, aided by new announcements on Tuesday regarding the appointment of a yuan clearing bank in London and an agreement for direct yuan-pound trading.
Renminbi clearing bank to open in London2014-06-02
News came as an endorsement for London's efforts to become an offshore yuan center. Other European financial centers in the race to become a yuan center include Frankfurt, Paris, and Switzerland.
BOC aims for yuan clearing dominance in Europe2014-05-28
The Frankfurt branch of Bank of China Ltd is hiring around 20 employees and increasing its equity by 1 billion yuan($160 million)to become the first bank in the 18-nation eu ro area to clear payments in the Chinese currency.
Singapore retains top yuan offshore clearing centre outside Hong Kong2014-04-28
Singapore remained its position as the top Renminbi(RMB)offshore clearing centre outside Chinese mainland and Hong Kong SAR in March, overtaking London for two straight months, the latest SWIFT data showed Monday.
ICBC Singapore's yuan clearing bank services surge in Q12014-04-09
The growth in the yuan clearing bank services of the Singapore branch of the Industrial and Commercial Bank of China(ICBC)surged in the first quarter, the bank said Tuesday.
China, UK sign deal on RMB clearing bank2014-04-01
The United Kingdom and China signed an agree ment on Monday to work on setting up a clearing and settlement service for renminbi transactions in London, following the signing of a similar agreement between Germany and China on Friday.
UK, China to sign historic currency clearing deal2014-03-28
Britain and China will sign an agree ment on Monday to work on setting up the first clearing and settlement service for renminbi trading outside Asia, Britain's Treasury said on Wednesday in a statement.
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