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CHINESE CENTRAL BANK EXPANDS CLEARING SERVICES TO HK BANKS.

Publication: AsiaPulse News
Publication Date: 01-NOV-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BEIJING, Nov 1 Asia Pulse - The People's Bank of China (PBC), the country's central bank, announced on Tuesday it will further expand its position on clearing services to banks in Hong Kong that engage in Renminbi (RMB) business.

"With steady progress in the RMB business in Hong Kong and...

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