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Thursday, June 19, 2014
RMB-Pound MOT Values under the Comprehensive Cooperation Framework
ANBOUND

June 18th, under the authorization of People's Bank of China, Chinese Foreign Exchange Trade System (CFETS) announced the monetary outright transactions (MOT) between Chinese and British currencies on interbank foreign exchange market. ANBOUND think tank scholars believe that along with the active attitude the British side holds to Chinese foreign investments to Britain and the gradual wide and in-depth bilateral collaborations, this MOT, on the basis of promoting the multivariate cooperation in terms of industrial, financial and political fields, will inevitably be conducive to the stability of the bilateral relations and set a good example in the establishment of cooperation mode between China and advanced Western economies.

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