China's central bank authorizes Deutsche Bank as RMB clearing bank
中国央行授权德意志银行担任人民币清算行
BEIJING, Aug. 10 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, announced on Monday that it has decided to authorize Deutsche Bank to serve as the RMB clearing bank in Frankfurt, Germany.
新华社北京8月10日来电，中国人民银行于周一宣布，决定授权德意志银行担任德国法兰克福人民币清算行。
The decision was made in accordance with a memorandum of understanding between the PBOC and the Deutsche Bank, the central bank said.
