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Bank of China official clearing bank for yuan in Sydney
央行授权中行任悉尼人民币业务清算行
The Sydney branch of Bank of China has been authorised as the official RMB clearing bank in Australia, stepping up the use of Chinese currency in international business.
中国银行悉尼分行已被授权为澳大利亚官方人民币清算行，加强国际业务中中国货币的往来。
According the memorandum of understanding inked by the two countries' central banks, the People's Bank of China and the Reserve Bank of Australia, China will set up the clearing bank in Sydney to handle transactions denominated in RMB.
据中澳两国央行合作备忘录称，中国将在悉尼建立清算银行来处理以人民币的交易。
The clearing arrangements will provide more direct means of facilitating cross-border RMB transactions between Chinese and Australian entities.
清算业务将为中澳之间的跨境人民币交易提供更为直接及便捷的手段。
Since November of 2014, China has reached agreements with Qatar, Canada, Malaysia and Australia to open local RMB trading hubs.
2014年11月以来,中国已同卡塔尔,加拿大、马来西亚和澳大利亚达成协议，在当地设立人民币交易中心。
