China authorizes 14 RMB clearing banks overseas

267 views · Published 15 April 2015 · 0:45 · Indexed 12 November 2026

Channel: Hi China · 2015 · Entertainment

Watch on YouTube

Renminbi clearing business in overseas markets is seen as a major tool in promoting globalization of the Chinese currency. So far, China has authorized 14 RMB clearing banks overseas.

China is speeding up establishing Renminbi clearing banks overseas. There are currently locations in the Asia-Pacific region, Europe, Middle East, North America and Oceania.

Major banks in China including Bank of China, Industrial and Commercial Bank of China, Bank of Communications and China Construction Bank all have their affiliates.

Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational

Download for IOS: https://itunes.apple.com/cn/app/cctv-news/id878031632?mt=8

Download for Android: https://play.google.com/store/apps/details?id=com.cn.cctvnews

Follow us on:
Facebook: https://www.facebook.com/cctvcom
Twitter: https://twitter.com/cctv_english
Instagram: http://instagram.com/cctvenglish
Weibo: http://weibo.com/cntvenglish

More from this channel

• 2:51 Pet bus allows Hong Kong's pooches to travel easily

  Hi China

  257 views · 29 July 2014

• 0:41 Jiangsu zoo throws 'birthday party' for tiger septuplets

  Hi China

  185 views · 30 July 2014

• 2:15 Police in central China hold anti-terrorism drill

  Hi China

  355 views · 31 July 2014

• 1:04 President Xi pays tribute to soldiers in Fujian

  Hi China

  907 views · 1 August 2014

• 1:46 Ebola outbreak: Liberia quarantines worst hit areas

  Hi China

  378 views · 4 August 2014

• 0:44 Video footage shows moment of quake in Yunnan

  Hi China

  251 views · 4 August 2014

• 2:10 Patients injured in earthquake receive treatment

  Hi China

  113 views · 5 August 2014

• 3:29 Philosopher Tang Yijie keeps Confucius alive

  Hi China

  564 views · 5 August 2014