In this Aug 11, 2015 photo, a worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. (ZHANG CHUNLEI / XINHUA)
BEIJING - The People's Bank of China (PBOC), the central bank, said Tuesday that it had authorized J.P. Morgan Chase Bank to provide renminbi clearing services in the United States.
The decision was made to implement the results of the eighth round of China-US Strategic and Economic Dialogue and in accordance with a memorandum of cooperation signed between the PBOC and the US Federal Reserve Board, the central bank said in a statement on its website.
No further details were given by the central bank.
Japan's Nikkei ticked up 0.1 percent while MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.1 percent in early trade.21 May 2018
The event reflected Prince Harry's royal heritage, Meghan Markle's biracial roots and the pair's shared commitment to putting a more diverse on the monarchy.20 May 2018
China and the US issued a joint statement on economic and trade consultations, vowing not to launch a trade war against each other.20 May 2018
President Xi Jinping said China will push for coordination between economic and social development and ecological civilization.20 May 2018
The spread of Ebola from a rural area to Mbandaka has raised alarm as the deadly disease can spread more quickly in densely populated urban centers.20 May 2018
The Five-hundred-meter Aperture Spherical Radio Telescope will have a new receiver installed to boost its efficiency in surveying the sky.20 May 2018
Copyright 1995 - 2018. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS