Q&A: China Automation Group
Cui Dachao, CFO of CAG, provider of railway signaling and safety systems, on bonds, trade settlement, and cash flow.
Q: How did your first cross-border Rmb trade settlement in 2010 come about?
A: Our subsidiary Consen Automation made the first renminbi trade transaction with the aid of the Beijing branch of HSBC on June 24, 2010.
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