Bank of China promotes RMB business in Los Angeles

Contributed by NAMPA / Xinhua. BEIJING, Sept. 26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 74 basis points to 6.6744 against the U.S. dollar Monday, according to the China Foreign Exchange Trading ...

A clerk counts Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing Jan 4, 2016. [Photo/Agencies] London's offshore yuan activities continue to surge despite Brexit uncertainties, according to the latest figures from China's central ...

CNC Added On September 26, 2016 China's central bank has authorized Bank of China's New York branch to provide Renminbi clearing services in the United States. It is the first time for China to set up a RMB clearing bank in the US. In an ...

The Bank of China (BOC) has said it is ready to broaden the usage of renminbi (RMB) in its trade and investment activities in Indonesia in line with Beijing's efforts to internationalize the Chinese currency. BOC Jakarta branch manager Zhang Min ...

The appointment of a renminbi clearing bank in New York is a political win for the China-US relationship that adds to the currency's global prestige, but it is unlikely to boost RMB trade or investment in the short term, according to experts. ...

MONTRÉAL, le 23 sept. 2016 /CNW Telbec/ - La BanqueNationale du Canada a le plaisir d'annoncer aujourd'hui, dans le contexte de la visite officielle au Canada du premier ministre Li Keqiang de la République populaire de Chine, qu'elle a reçu ...

Contributed by NAMPA / Xinhua. BEIJING, Sept. 23 (Xinhua) -- The founding of the first renminbi (RMB) clearing bank in the United States and the yuan's imminent formal inclusion in an elite reserve currency basket are the RMB's latest victories ...

To continue providing news and award winning journalism, we rely on advertising revenue. To continue reading, please turn off your ad blocker or whitelist us. Chinese investment in Britain could increase in the short-term future after London ...

The Wuhan Open. Yet it has spent 1.5 billion renminbi ($225 million) on facilities that wouldn't look out of place at any of the four majors and the entire women's top 10 are due to take part. "This is very much a city branding exercise," ...