It is reported that as at the end of 2012, the cross-border RMB business of the domestic and overseas branches of Agricultural Bank of China Limited (ABC) had exceeded RMB1 trillion.
What does CB stand for?
CB stands for Cross-Border
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CB
We have 119 other meanings of CB in our Acronym Attic
- Counter Balance
- Counter Battery (Fire)
- Coupe de Bandes (French: Cutting Strips; paper shredder components)
- Cowboy Bebop (anime)
- Crash Bandicoot (video game)
- Crash Barrier (safety)
- Crazy Bob
- Credit Bureau
- Crested Butte (Colorado)
- Crime Branch (Pakistan)
Samples in periodicals archive:
Taipei, July 31, 2012 (CENS) -- The Central Bank of China (CBC) recently required domestic banks to report monthly renminbi clearance amount for cross-border trade at OBUs (offshore banking units), in order to grasp domestic demand for renminbi and provide bargaining chips for expanding renminbi business scope in the future.
Cross-border trade has become a major drain on Ireland's economy with a recent government report revealing up to 550 million euros (487 million pounds) was spent by Irish shoppers in Northern Ireland last year.
VANCOUVER -- The Canadian Treatment Action Council along with the BC Person With Aids Society has called on the Canadian government to ban cross-border pharmacies and to strengthen Canada's drug price regulation system because drug supplies for Canadians are being limited and costing more, putting sick Canadians at risk.
Still, electronic payments can offer companies significant savings, and the availability of cross-border electronic payments is expanding rapidly.
29 /PRNewswire/ -- Information and communications businesses were the hottest targets of cross-border dealmakers worldwide in the first half of this year, and the robust activity will continue throughout the decade, KPMG Peat Marwick says.
The financial services chapter establishes the rules governing treatment by each NAFTA country of the other countries' financial firms, investments in the financial sector, and cross-border service providers.
Will international accounting standards ever be acceptable in the United States for cross-border securities offerings?