- link Copy URL
- [     Share on X ](https://twitter.com/intent/tweet?text=Steps Taken By President Obama and President Xi to Facilitate Renminbi Trading and Clearing in the United States https://www.3blmedia.com/markdownify/node/62591?absolute=1&via=3blnews "Share on X")
- [  Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/62591?absolute=1 "Share on Linkedin")
- [  Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/62591?absolute=1 "Share on Facebook")
- [ email Share via email ](mailto:?subject=Steps Taken By President Obama and President Xi to Facilitate Renminbi Trading and Clearing in the United States&body=News from Bloomberg https://www.3blmedia.com/markdownify/node/62591?absolute=1 "Share via email")
 
 

 [Events](/categories/events)

 # Steps Taken By President Obama and President Xi to Facilitate Renminbi Trading and Clearing in the United States

 

##### By Mike Bloomberg - SEP. 25, 2015

 

 

 Oct 2, 2015 9:50 AM ET

  Campaign:  [Bloomberg: Philanthropy & Engagement](/news/campaign/bloomberg-philanthropy-engagement) [Originally posted on mikebloomberg.com ](http://www.mikebloomberg.com/news/steps-taken-by-president-obama-and-president-xi-to-facilitate-renminbi-trading-and-clearing-in-the-united-states/)  
  
I want to congratulate President Obama and President Xi for a number of economic steps, but in particular advancing a mechanism to trade the Chinese currency in the United States. Doing this will be a very powerful move towards improving bi-lateral relations, promoting trade between our countries, improving the competitiveness of U.S. companies, and strengthening America's financial sector. There's still a lot more to do, but this is a great first step together.



 

 

 

 

 

 

 

 [![](/sites/default/files/Clients/updatedlogoBBGBlck.png)](/profiles/bloomberg)

 

 

### More from Bloomberg

###### [Companies With Gender Diverse Boards Deliver 2–5% Higher Annual Returns Than Companies With Fewer Women, Finds Bloomberg Intelligence](/news/companies-gender-diverse-boards-deliver-2-5-higher-annual-returns-companies-fewer-women-finds)

 Oct 23, 2024 9:30 AM ET

  



###### [Bloomberg Named a Leader in Climate Financial Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-climate-financial-data-and-analytics-report-independent-research-firm)

 Oct 22, 2024 9:00 AM ET

  



###### [Bloomberg Launches Solution to Help Investors Assess Their Exposure to Nature and Biodiversity-Related Risks](/news/bloomberg-launches-solution-help-investors-assess-their-exposure-nature-and-biodiversity)

 Oct 18, 2024 1:30 PM ET

  



###### [Public Research for Climate Action](/news/public-research-climate-action)

 Sep 26, 2024 4:00 PM ET

  



###### [Bloomberg Expands Climate Solutions To Enhance Corporate Transition Risk Assessments and Help Firms Align Portfolios With Their Net Zero Targets](/news/bloomberg-expands-climate-solutions-enhance-corporate-transition-risk-assessments-and-help)

 Sep 20, 2024 3:30 PM ET

  



###### [EDP Renewables to Supply Clean Electricity to Bloomberg in Innovative Long-Term Contract](/news/edp-renewables-supply-clean-electricity-bloomberg-innovative-long-term-contract)

 Sep 13, 2024 11:30 AM ET

  



###### [Bloomberg Named a Leader in ESG Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-esg-data-and-analytics-report-independent-research-firm)

 Aug 19, 2024 6:15 PM ET

  



###### [Net-Zero Window Closing but Still Time To Get on Track](/news/net-zero-window-closing-still-time-get-track)

 Aug 8, 2024 9:00 AM ET