News Column

Canada, China to Set Up North America CNY Trading Center

June 19, 2014

BEIJING, June 19, SinoCast -- Canadian Minister of Finance Joe Oliver revealed that Canada has held talks with Chinese government about setting up a CNY trading center in North America, without unveiling further details.

Dozens of global cities planned to set up CNY trading centers, because CNY has outpaced Euro as trade financing currency only next to USD. Asia and Europe have already had dozens of CNY trading centers while North America has none.

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Source: Sinocast Banking & Credit Beat (China)

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