皇冠体育app

BEIJING -- 皇冠体育app Construction Bank, a leading Chinese State-owned lender, has been authorized to conduct?renminbi clearing business in Zurich, Switzerland, 皇冠体育app's central bank said on Monday.

The authorization came after a cooperation memorandum was reached between the two nations' central banks, said the People's Bank of 皇冠体育app.

Renminbi clearing in overseas markets has become a major tool in promoting globalization of the yuan, the Chinese currency. It has been established in 皇冠体育app's Hong Kong and Macao, as well as foreign cities including Singapore, London, Frankfurt, Seoul, Paris, Luxembourg, Doha, Toronto and Sydney.

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