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28.01.26 - 18:01
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Ex-Agricultural Bank Executive Faces Charges in Corruption Probe (Caixin)
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A former senior executive at Agricultural Bank of China Ltd., one of the country's biggest state-owned lenders, has been expelled from the Communist Party and is facing prosecution for alleged corruption, including bribery and profiting illicitly from a role held after leaving the bank.
... Read more...
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29.10.25 - 21:01
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China Expands Yuan Clearing to First Abu Dhabi Bank in UAE (Caixin)
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China's central bank has appointed a second yuan clearing bank in the United Arab Emirates, signaling a deepening of financial cooperation and a further step toward the internationalization of its currency.
The People's Bank of China (PBOC) on Tuesday signed a yuan clearing agreement with First Abu Dhabi Bank, naming it a yuan clearing institution. The announcement was made by PBOC deputy governor Xuan Changneng at the 2025 Annual Financial Street Forum in Beijing.
First Abu Dhabi Bank becomes the second yuan-clearing bank in the UAE, following the Agricultural Bank of China's Dubai branch, which was designated in 2016. The selection of a local institution marks a first for the region and reflects a joint push by Beijing and Abu Dhabi to strengthen financial integration.
“This aligns with China's pursuit of high-level opening-up and its goal to share development opportunities with the world,” Xuan said.
The appointment comes as trade and financial exchanges between the two countries accelerate. Cr...
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