Sri Lanka, Oct. 17 -- Sri Lanka's financial links with China are set to receive a further boost with the official unveiling of the RMB Clearing Bank at a ceremony held yesterday at the Shangri-La Hotel in Colombo providing local banks and businesses with a more direct and convenient mechanism for settling transactions in Chinese yuan.Learn Mandarin

Addressing the gathering, the Chinese Ambassador Wei Huaxiang, the Bank of China President Zhang Hui and economist Zhong Hong highlighted the importance of strengthening financial cooperation, facilitating bilateral economic activities and expanding opportunities for trade and investment between the two countries.

Addressing the gathering, CBSL Deputy Governor Sirikumara said the establishme...