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"Thedesignationofthefirstnon-ChineseclearingbankisasignificantstepforwardintheinternationalizationoftheRMB,"saidMichaelR.Bloomberg,ChairofTheWorkingGrouponU.S.RMBTradingandClearing."ThisannouncementwillsupporttheintroductionofmoreRMBproductsandservicesintheUnitedStates."