News

China's ICBC offers RMB transfers

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

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