Core Viewpoint - The People's Bank of China has authorized Abu Dhabi First Bank to act as the first local bank in the UAE to serve as a Renminbi clearing bank, enhancing RMB clearing services for trade and investment between China and the UAE [1] Group 1 - The collaboration aims to provide more convenient RMB clearing services and options for economic and trade cooperation between China and the UAE [1] - This initiative is expected to further promote bilateral trade and facilitate investment between the two countries [1]

Core Viewpoint - The People's Bank of China has authorized Abu Dhabi First Bank to act as the Renminbi clearing bank in the UAE, as per the memorandum of cooperation between the People's Bank of China and the Central Bank of the UAE [1] Group 1 - The announcement was made on October 28, indicating a significant step in enhancing financial cooperation between China and the UAE [1] - The establishment of a Renminbi clearing bank in the UAE is expected to facilitate trade and investment between the two countries [1]

Core Points - The People's Bank of China announced on July 2 that it has authorized Industrial and Commercial Bank of China (Turkey) to act as the clearing bank for Renminbi in Turkey [1] Group 1 - The announcement is part of a cooperation memorandum between the People's Bank of China and the Central Bank of Turkey [1] - This move is expected to enhance the use of Renminbi in trade and investment between China and Turkey [1]