Bank of China Begins Yuan Services for U.S. Customers
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The Bank of China Ltd., the nation’s fourth-largest lender by assets, said U.S. branches began offering yuan deposit, exchange, remittance and trade finance services last month.
Personal customers in the New York area can change as much as $4,000 a day into yuan, up to a maximum of $20,000 a year, according to a statement posted on the New York Branch’s website. Corporate service in yuan is available in New York and Los Angeles, the bank said.