Canadian Finance Minister Joe Oliver (C) speaks to reporters during the launching ceremony of China's ICBC RMB clearing bank in Canada, in Toronto March 23, 2015. ICBC Canada, a Renminbi clearing bank, was officially launched here on Monday, becoming the first RMB trading hub in North America. (Xinhua/Zou Zheng)
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First RMB clearing bank in Western hemisphere launched in Canada
TORONTO, March 23 (Xinhua) -- ICBC Canada, a renminbi clearing bank, was officially launched here on Monday, becoming the first RMB trading hub in the Western hemisphere.
Canadian Finance Minister Joe Oliver and Chinese ambassador to Canada Luo Zhaohui inaugurated the trading hub also known as ICBK.
"Today's announcement of the launching of a renminbi hub reinforces the strength of our ties," Oliver told the launching ceremony.Full Story
