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China/Asia On Demand
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Pages: 6-7
Year: Issue:  39
Journal: Beijing Review

Keyword:  clearingauthorizedAustraliatradingcompaniesECONOMYownedfundedWuhanrestructuring;
Abstract: <正>RMB Clearing Service The People’s Bank of China(PBOC),the central bank,announced on September 21 that it has authorized Bank of China’s(BOC’s)New York Branch to provide renminbi clearing services in the United States.It is the frst time China has set up a renminbi clearing bank in the world’s largest economy.The decision was made according to a PBOC memorandum
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