Recent Developments and the Causes of Globalization for the Chinese Yuan Based on Statistical Analysis

Table 4

Offshore RMB clearing center and clearing banks.

Item	Cities	Clearing bank	Start time	Belongs to
1	Hong Kong China	Bank of China	Dec. 2003	Asia
2	Macao, China	Bank of China	Sep. 2004	Asia
3	Vientiane, Laos	Industrial and Commercial Bank of China	Jun. 2012	Asia
4	Taiwan, China	Bank of China	Dec. 2012	Asia
5	Singapore	Industrial and Commercial Bank of China	Feb. 2013	Asia
6	Phnom Penh, Cambodia	Industrial and Commercial Bank of China	Mar. 2014	Asia
7	London, UK	China Construction Bank	Jun. 2014	Europe
8	Frankfurt, Germany	Bank of China	Jun. 2014	Europe
9	Seoul, Korea	Bank of Communications	Jul. 2014	Asia
10	Paris, France	Bank of China	Sep. 2014	Europe
11	Luxembourg	Industrial and Commercial Bank of China	Sep. 2014	Europe
12	Doha, Qatar	Industrial and Commercial Bank of China	Nov. 2014	Asia
13	Toronto, Canada	Industrial and Commercial Bank of China	Nov. 2014	North America
14	Kuala Lumpur, Malaysia	Bank of China	Jan. 2015	Asia
15	Bangkok, Thailand	Industrial and Commercial Bank of China	Jan. 2015	Asia
16	Sydney, Australia	Bank of China	Feb. 2015	Oceania
17	Santiago, Chile	China Construction Bank	May. 2015	South America
18	Budapest, Hungary	Bank of China	Jun. 2015	Europe
19	Johannesburg, South Africa	Bank of China	Jul. 2015	Africa
20	Argentina	Industrial and Commercial Bank of China	Sep. 2015	South America
21	Lusaka, Zambia	Bank of China	Sep. 2015	Africa
22	Zurich, Switzerland	China Construction Bank	Nov. 2015	Europe
23	New York, USA	Bank of China	Sep. 2016	North America
24	New York, USA	JP Morgan Chase Bank	Feb. 2018	North America
25	Tokyo, Japan	Bank of China	Oct. 2018	Asia
26	Tokyo, Japan	Mitsubishi UFJ Bank	Jun. 2019	Asia

Source: according to public information.