According to Xinhua News Agency, the Bank of China Phnom Penh Branch on Friday launched the RMB clearing service in Cambodia, aiming at facilitating trade and investment between Cambodia and China.

The launch event was held in the capital Phnom Penh and was attended by representatives from the National Bank of Cambodia, the Chinese Embassy to Cambodia, and the Bank of China.

Representatives of Cambodian financial institutions and companies from both countries also participated in the event.