The People's Bank of China (BOC) has announced that Bank of China New York branch as the first Renminbi (RMB) clearing bank in the United States. [Photo: business.sohu.com]
中国人民银行（BOC）宣布，中国银行纽约分行将作为在美国的第一家人民币清算银行。
"As The People's Bank of China (BOC) has announced that Bank of China New York branch as the first Renminbi (RMB) clearing bank in the United States, BOC is now introducing more RMB products and offering more RMB services to US
investors." Xu Haifeng, Executive VP of Bank of China USA told Xinhua Sunday.
At a Seminar on RMB Business Development held in downtown Los Angeles, BOC staff briefed the
monetary policy, situation and services in China to over 100 local bankers,
analysts, and investors, aiming to let more American investors understand the Chinese economic and trading market.
The People's Bank of China announced on Wednesday that it had
authorized BOC's New York branch to provide RMB clearing services in the United States. This designation will further facilitate RMB usage in the country and cross-border transactions, and bring two-way trade, investment and economic cooperation to new heights.
"Nowadays, RMB business is developing more and more faster in the U.S., many Chinese companies are investing in the U.S. directly and many American companies are going to China," Xu Haifeng told Xinhua at the seminar.
"We are having this seminar to talk about the RMB business development in cross-border trade. We hope more American investors and clients to know about this."
With six sessions, the seminar focused on the latest topics including: A new stage in China' s economy-situation and policy
prospects;
overview of RMB onshore FX and bond market; China interbank bond market; market outlook of RMB internationalization, BOC's global RMB clearing service and evolution of
offshore RMB market.
"We are talking about, for example, the risk prevention of RMB interest rates, swap, RMB cross-border trade, and RMB Qualified Foreign Institutional Investors, or as we call it RQFII," Xu Haifeng added,
相关单词：investors
investors解释：n.投资者，出资者( investor的名词复数 )
investors例句：
a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
a cash bonanza for investors 投资者的赚钱机会
相关单词：monetary
monetary解释：adj.货币的，钱的；通货的；金融的；财政的
monetary例句：
The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
相关单词：analysts
analysts解释：分析家，化验员( analyst的名词复数 )
analysts例句：
City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
相关单词：authorized
authorized解释：a.委任的，许可的
authorized例句：
An administrative order is valid if authorized by a statute.如果一个行政命令得到一个法规的认可那么这个命令就是有效的。
相关单词：prospects
prospects解释：n.希望，前途(恒为复数)
prospects例句：
There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。
相关单词：overview
overview解释：n.概观，概述
overview例句：
The opening chapter gives a brief historical overview of transport.第一章是运输史的简要回顾。
The seminar aims to provide an overview on new media publishing.研讨会旨在综览新兴的媒体出版。
相关单词：offshore
offshore解释：adj.海面的，吹向海面的；adv.向海面
offshore例句：
A big program of oil exploration has begun offshore.一个大规模的石油勘探计划正在近海展开。
A gentle current carried them slowly offshore.和缓的潮流慢慢地把他们带离了海岸。
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