Bank of China on Taiwan comprehensive start cross-border RMB business
In 2012, the bank of China (601988, guba) JieSuanLiang cross-border RMB 2.46 trillion yuan. Recently, the bank of China on Taiwan cross-border RMB business in full swing. This marks the currency clearing cooperation further.
Last December 11 the bank of China, Taipei branch officially permitted Taiwan as the clearing bank, provide open RMB account for the clearing and settlement, and provide RMB 购售 and yuan lending services. Currently, there are 46 Banks for a line to the clearing system in Taiwan. The bank of China will be in a wide range of areas for the customer provides various cross-border RMB products and services, and give full play to the role of main channel, and cross-border RMB business to build the international first-class trade financial services bank. So far, the bank of China in line with international open cross-border yuan trade settlement account has more than 900, set up covering global RMB clearing system.
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