Bank Of China Taiwan RMB Cross-Border Settlement Exceeds 40 Billion

< p > at the beginning of last year, the Bank of China Taipei Branch officially acted as the clearing bank of Taiwan RMB business.

Recently, according to the Shanghai headquarters of the Bank of China, as of the end of 2013, the number of cross-border RMB clearing instruments in Taipei branch was about 70 thousand, with a sum of more than 40 billion yuan.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Bank of China < /a > Shanghai headquarters is the behind the curtain of this clearing business. Taipei branch 100% handles cross-border RMB settlement through Shanghai headquarters.

Against the backdrop of the lack of effective reflux mechanism in offshore markets, the Bank of China Shanghai headquarters has provided RMB value-added agency services and three types of account bond investment services based on the group.

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< p > RMB proxy increment refers to the accumulation of funds for cross border RMB accounts in enterprises for the extra part of the daily settlement.

Due to the relatively low interest rate of RMB deposits abroad, this part of the Fund seeks higher a href= "//www.sjfzxm.com/news/index_c.asp" > interest rate /a <.

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< p > in addition, as the onshore RMB clearing agency, the Bank of China headquarters in Shanghai has developed the "cross-border RMB Chinese code encryption solution". It has become the first financial institution to automatically pfer the Chinese telegraph code in international remittances, and build a platform for cross-strait cooperation.

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< p > Shanghai headquarters of the Bank of China is currently the only official licensed entity operating in Shanghai big bank headquarters. In March 20th, the official operation of the headquarters was 2nd anniversary.

Its business structure consists of four departments, namely, the financial market department, the financial institution department, the cross border RMB clearing center and the comprehensive management department.

The head of the integrated management department told the newspaper that Shanghai headquarters played a role in the main channel of the bank's global a href= "//www.sjfzxm.com/news/index_c.asp" > RMB < /a > on the one hand, and helped speed up the construction of Shanghai's international financial center and the construction of the free trade zone on the other hand.

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< p > related links: < /p >

The Jiangsu Yancheng entry and exit inspection and Quarantine Bureau statistics showed that in 2013, 1 million 75 thousand tons of cotton were imported from Jiangsu port, and the total average non conformity rate was 8.34%, the overall average non conformity rate was 3.91%, the overall average non conformity rate was 7.10% and the overall average non conformity rate was 3.07%, compared with the same period of last year, and the coincidence rate of length and strength decreased in different degrees.

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< p > the problem of weight loss of imported cotton is relatively prominent. According to statistics, more than 87.98% of the imported batches have short weight problems. Among them, the short weight rate of the 36 batches is over 3%, and the highest short weight rate is 16.6%.

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The regulations on inspection and supervision of imported cotton, which have been put into effect since February 1, 2013 P, have played a very good role in cracking down on foreign suppliers with bad faith, improving the quality of imported cotton and maintaining normal trade order.

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< p > but there are still some problems in the quality of imported cotton in Jiangsu. Some batches of grades have a large reduction rate, and the rate of non conformity is high. Especially, the rate of non conformity of grade and length of African cotton is high, while India cotton is a high percentage of fiber clones.

There are still some batches of quality problems such as mouldy cotton bags and serious water pollution.

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