BOC hits record
By Zhang Fengming |
July 2, 2010, Friday
|
Print Edition
Print Edition
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.
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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