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Who is Bank of China?

With access to Bank of China’s extensive global network and over 1,400 RMB clearing accounts with correspondent banks worldwide, Bank of China U.S.A. is a global leader in RMB clearing for retail, corporate and financial institutions.

What does Bank of China do?

Bank of China U.S.A. is dedicated to supporting local organizations that bring people together and make a meaningful difference.

Is China a monolithic banking system?

The Chinese banking system used to be monolithic, with the People's Bank of China (PBoC), its central bank, as the main entity authorized to conduct operations in the country. In the early 1980s, the government opened up the banking system and allowed five state-owned specialized banks to accept deposits and conduct banking business.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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