China's ICBC opens yuan clearing bank in Thailand

April 22, 2015 11:35 AM

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BANGKOK, April 22 (Reuters) - Industrial and Commercial Bank of China , the world's biggest lender by assets, on Wednesday launched a yuan clearing bank in Thailand, aimed at easing trade and investment with Thailand and South East Asia.

China was Thailand's biggest export market last year, taking $25 billion worth of Thai shipments, or 11 percent of the total.

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