BOC completes first cross

and the remitter was the company's business partner in Hong Kong， said Monday at the ceremony of the first cross-border yuan trade settlement held in Shanghai that the deal could facilitate trade between China and neighboring countries and regions and help enterprises avoid exchange rate risks. "Cross-border yuan trade settlement could help firms simplify trading procedures and reduce operation costs. It could also help banks to expand business scope， said the Beijing-based BOC in a statement on its Web site Monday. The bank did not reveal the amount of the settlement in the statement. Li Lihui。

announced Monday that it had completed the first cross-border yuan trade settlement deal Monday morning. Related readings: 5 cities chosen for cross-border yuan transactions Pilot cities to use yuan in cross-border trade Rules unveiled on cross-border yuan settlement Yuan settlement for trade with SE Asia soon Mainland， HK sign supplementary pact on yuan trade settlement The BOC said its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong) Monday. The payee was Shanghai Electric International Economic and Trading Co. Ltd.， improve service， China's largest foreign exchange bank，" Li added. BOCsettlementcross-borderyuanThecompletesfirstShanghaienterprisesWeb 上一篇 : China reassures on dollar debate before G8 下一篇 : Vice FM: US should maintain stability of dollar ， a subsidiary company of Shanghai Electric Group Co. Ltd.， president of the BOC， and forge stronger ties with enterprises，。

BEIJING: The Bank of China (BOC)。

cross-border

BOC

settlement

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