China issues detailed measures regulating cross-border trade settled in yuan
China has issued detailed measures to regulate the pilot program for cross-border trade settled in yuan, according to a document released Thursday by the central bank. The document posted on website of People's Bank of China specified how to make transactions using the yuan to settle trade with Hong Kong, Macau... [read full story]
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Bank of China signs yuan trade settlement deal with HSBC, BOC (Hong Kong)
BEIJING, Jul 04, 2009 (Xinhua via COMTEX) -- Bank of China (BOC), China's largest foreign exchange bank, announced Saturday it has signed a yuan trade settlement agreement with BOC (Hong Kong) and HSBC in Hong Kong. The BOC is...
Bank of China signs yuan trade settlement deal with HSBC, BOC (HongKong)
BEIJING, July 4 (Xinhua) -- Bank of China (BOC), China's largest foreign exchange bank, announced Saturday it has signed a yuan trade settlement agreement with BOC (Hong Kong) and HSBC in Hong Kong. The BOC is the first...
Bank of China announces yuan trade deal with HK's HSBC
BEIJING, July 4 (Reuters) - China's largest foreign exchange bank, the Bank of China, has reached a yuan trade settlement agreement with HSBC bank in Hong Kong, taking advantage of new rules allowing such deals. Under rules...
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BEIJING, July 4 (Reuters) - China's largest foreign exchange bank, the Bank of China , has reached a yuan trade settlement agreement with HSBC bank in Hong Kong, taking advantage of new rules allowing such deals.
Can China's Economy Prosper Without the U.S. Dollar?
China ’s announcement overnight that it will allow companies to settle international trade claims in yuan shows how serious the Chinese authorities are about building a local currency market. Transactions inside China will take...
China Allows Yuan Trade Settlement, Offers Tax Breaks
From Bloomberg: China will allow companies to use the yuan to settle cross-border trade and let them keep their entitlement to export tax rebates, seeking to reduce the reliance of importers and exporters on the U.S. dollar....
China '09 bank loans likely to top 10 trln yuan -paper
SHANGHAI, July 3 (Reuters) - New lending by Chinese banks is likely to exceed 10 trillion yuan ($1.46 trillion) this year, the Shanghai Securities News reported on Friday, even as bank regulators warned about risks from...
Yuan for the road
China has issued detailed measures to regulate the pilot program for cross-border trade settled in yuan, according to a document released Thursday by the central bank. (File Photo) Photo Gallery>>> BEIJING, July 2 -- The...
China '09 bank loans likely to top 10 trln yuan -paper
SHANGHAI, July 3 (Reuters) - New lending by Chinese banks is likely to exceed 10 trillion yuan ($1.46 trillion) this year, the Shanghai Securities News reported on Friday, even as bank regulators warned about risks from...
China allows Yuan trade settlement, offers sops
China’s central bank allowed companies to undertake settlement of cross-border trade in the yuan and promised tax breaks, seeking to reduce the reliance of importers and exporters on the US dollar. The People’s Bank of China...
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