First Cross-Border Yuan Trade Settlement Deal Made

Posted by China Sourcing Commentator

Jul 12

Jul. 6 – The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua.
The deal is part of a pilot program announced by Beijing last April to ease cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, Shanghai, [...]

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