PBOC establishes South Pacific office in Sydney

The People's Bank of China (PBOC) announced the establishment of its representative office for the South Pacific in Sydney. The office started operation on November 19, 2006.

The responsibilities of the new representative office will include "conducting research on the development of economic situation in the region, and promoting contact and exchange between the People's Bank of China and the monetary authorities in the region," according to the announcement by the central bank.

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