Bank of BOC International settlement last year 1.97 trillion US dollars

Yesterday, the Bank of China said that the bank in 2010 to achieve international settlement volume of 1.97 trillion U.S. dollars, to refresh the bank's annual international Settlement history record, for many years to maintain the world's first.　　BOC also said that as of the end of 2010, the Bank of China, the pilot line of cross-border renminbi business volume exceeded 160 billion yuan, the market share to maintain the leading industry, overseas business covering more than 30 countries and regions, the initial establishment of the global renminbi clearing network.　　BOC released data shows that in 2010, BOC mainland institutions of international Trade settlement volume of more than 900 billion U.S. dollars, the year-on-year growth of 42%, leading China's foreign trade import and export growth rate of nearly 7%, the end of December market share reached 31.06%.　　At the same time, the bank's domestic and foreign agencies to increase the financing investment, the group foreign currency trade financing occurred over 210 billion U.S. dollars, an increase of 35%, the group's foreign trade financing balance to maintain a stable growth.　　In the factoring business, BOC last year to achieve export double factoring business volume of more than 2.4 billion U.S. dollars, 35 consecutive months ranked first in the world, import double factoring business volume of more than 600 million U.S. dollars, ranked 5th in the world. In the supply chain finance business, BoC said, in 2010, BOC Supply chain financing occurred in the amount of RMB more than 150 billion yuan, an increase of more than 150%, financing balance to achieve double, to meet the supply chain core enterprises and their upstream and downstream small and medium-sized cooperation enterprises financing needs.