- Monday, July 23, 2012, 13:03
- News
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BEIJING, Jul 23 |
BEIJING, Jul 23 (Reuters) ? Indonesia?s executive bank has
started shopping holds in China?s interbank bond market, expanding
financial team-work between a dual countries, a Chinese
central bank pronounced on Monday.
China has authorised unfamiliar executive banks to deposit in its
domestic interbank bond marketplace given 2010 as partial of efforts to
widen investment channels for unfamiliar yuan item holders and
promote a general use of a Chinese currency.
China and Indonesia sealed a three-year banking barter deal
worth 100 billion yuan ($16 billion) in Mar 2009 and companies
in a dual countries are speedy to accept trade and import
bills in Chinese yuan.
Besides executive banks, China allows yuan clearing banks in
Hong Kong and Macau and unfamiliar banks that assistance settle cross
border trade in yuan to trade in a interbank bond market.
The People?s Bank of China done a avowal in a
statement on a website, www.pbc.gov.cn.
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Source: http://financeroll.com/news/22101/china-says-indonesia-buys-bonds-in-interbank-market
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