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HK's BEA gets OK to offer foreign currency service in mainland
2002-03-21
Chamber.org.hk
Bank of East Asia Ltd Wednesday said it obtained official approval to offer foreign currency services to all types of customers in the mainland, including local enterprises and local residents.
Bank of East Asia's announcement came after Citibank, a member of Citigroup Inc (C), said Tuesday that it had been given the green light by China's central bank to become the first wholly owned overseas bank to provide foreign currency services to local customers.
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