Dual-headway China Bank achieves new breakthrough in the cross-border use of the Renminbi.

Recently, Bank of China has successfully launched two landmark RMB "first-issue" transactions in the UK: the first RMB loan arranged for Hong Kong RMB business fund with global usage, and the first RMB accounts receivable financing underwritten by a foreign insurance institution. The successful implementation of these two transactions marks a significant progress for Bank of China in expanding cross-border RMB financing scenes and promoting the international use of RMB.