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China, Chile deepen financial cooperation


05-26-2015 17:51 BJT

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China and Chile are deepening their financial cooperation. The two countries' central banks on Monday signed a three -year currency swap agreement valued at 22 billion yuan to strengthen their trade ties.

China also agreed to grant a 50 billion yuan quota to renminbi qualified foreign institutional investors in Chile. China Construction Bank was appointed as the yuan clearing bank in Chile, the first of its kind in Latin America.

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