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 mainland bank to reach such agreements following rules published this week to regulate the pilot program for cross-border trade settled in yuan. The BOC Shanghai branch had... [read full story]                    

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