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July 2, 2010

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Home » Business » Finance

BOC hits record

THE Shanghai branch of the Bank of China said yesterday that its cross-border trade yuan settlement business has topped 5.2 billion yuan (US$765 million), the first bank in Shanghai to reach the volume.

The bank accounted for 30 percent of the market share of the yuan-backed settlement in Shanghai.

The bank has done trade settlement for 51 companies in 209 sectors, covering goods and services.



 

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