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.
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.
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.
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.