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Agricultural Bank of China successfully held the cross-border RMB business seminar in Brazil

To further marketing the cross-border RMB business in South America, Agricultural Bank of China successfully held the cross-border RMB business seminar in Costa do Sanipe on March 28th, 2014. Financial institution representatives from Brazil, Argentina, USA, UK, Panama, Hong Kong and other countries participated in the seminar.  

This seminar, sponsored by the head office and co-sponsored by New York Branch, focused on the introduction of RMB international development, benefits of using RMB for international business, features of RMB denominated Financial Products, cooperation with ABC on RMB business, and future cooperation on RMB and other potential businesses between ABC NY and the attended institutions.  

The guests have said that RMB’s increasing international status has demonstrated great potential to become the major international currencies due to the fast development of China’s economic, continuous improvement of RMB cross-border policies and rapid development of the international business, financial cooperation and the offshore market. The guests have also reached the consensus that the RMB internalization process is promising and they will actively cooperate with Agricultural Bank of China in the RMB cross-border business in the future.