中国首次在美国设立人民币清算行

China's central bank has authorized the Bank of China in New York to provide Renminbi clearing services in the United States.

It is the first for China to set up a Renminbi clearing bank in the US. During the eighth China-US Strategic and Economic Dialogue, senior Chinese and US officials endorsed a framework for facilitating Renminbi trading and clearing in the US.

As the world's largest economy, the US is a key destination for the Renminbi in its internationalization process. Vice president of Bank of China Zhang Qingsong says this will help Chinese firms who have overseas business deals.