China Bank's cross-border renminbi business exceeds 160 billion yuan

March 1, the bank released data show that in 2010, the bank last year, the Cross-border settlement of renminbi trade in the domestic business volume exceeded 160 billion yuan, compared to 2009 six months after the pilot 1.6 billion yuan business volume growth hundred times.　　In addition, BOC Hong Kong in 2010 to participate in the identity of the bank and clearing house for the transaction amount of about 350 billion yuan.　　Among them, the current project settlement volume of about 150 billion yuan, the capital project business 10 billion yuan, from the branch point of view, Guangdong Branch business volume exceeded 30 billion yuan, Shenzhen and Beijing area business volume exceeded 20 billion yuan. In July 2009, the trial of RMB settlement of Cross-border Trade was officially launched; in 2010, the trial of RMB settlement of Cross-border Trade expanded to 20 provinces and territories outside the territory, covering all current and case-tested capital projects; This January, the People's Bank issued the "Overseas direct investment in renminbi settlement pilot management measures"　　Provides policy support for the in-depth development of RMB cross-border investment and financing business.　　BOC Financial Headquarters International Settlement module General manager June said that in January this year, the bank's cross-border trade renminbi settlement has exceeded 40 billion yuan, about one-fourth of the total year. Bank of China last year 13 new institutions overseas, currently, BOC has nearly 10,000 outlets in the mainland and more than 900 overseas institutions throughout Hong Kong, Macao and 31 countries around the world, and with more than 1600 foreign bank headquarters and its affiliated institutions to maintain business dealings.