RMB clearing banks are an important institutional arrangement to facilitate the international use of RMB. As the commercial bank with the longest history and the largest number of appointments as an RMB clearing bank designated by the People's Bank of China, Bank of China has, since its appointment as the world's first RMB clearing bank in 2003, continuously built and improved cross-border RMB clearing channels, cultivated market demand, provided high-quality RMB services, supported the increasing use of RMB in foreign trade and investment, contributed to the development of the offshore RMB market, and served the broader goals of high-level opening-up, diplomacy, and foreign trade. 

As of the end of June 2026, BOC has been authorized by the People's Bank of China to serve as the RMB clearing bank in 19 countries and regions, including regions such as Hong Kong, Macao, and Taiwan, as well as countries like Germany, France, Australia, Malaysia, Hungary, South Africa, Zambia, the United States, Japan, the Philippines, Cambodia, Serbia, Mauritius, the United Kingdom, Sri Lanka, and Indonesia. These RMB clearing banks served to further enhance the key network nodes that support the international use of RMB.