Bank of China, RMB transactions in the U.S. Open

 New York branch of Bank of China said 12 people, allowing the company or individual accounts through its branches in the sale of yuan. The branch will provide customers with on a regular basis, demand deposits and RMB savings account.

New York branch of Bank of China said, according to the domestic market and offshore renminbi transactions to customers in the U.S. market to set exchange rates. Bank of China president Li Xiaojing New York branch, said in an interview, the Renminbi is freely convertible for the future to prepare, Bank said that Bank of China New York Branch, Chinatown Branch Los Angeles Branch to provide corporate clients and non-deliverable forward foreign exchange and RMB spot foreign exchange transactions, the Chinatown branch has been open accounts for individual customers each exchange limit on the RMB equivalent of $ 4,000, $ 20,000 annual quota of RMB equivalent for customers to open accounts without the daily exchange limit is $ 2,000 and an annual quota of RMB equivalent of 10,000 U.S. dollars equivalent in RMB. (Zhaohui)