China Construction Bank Wins First Yuan Clearing Deal in London

``China Construction Bank Co. (939), the nation's second-largest lender, won its first yuan-clearing mandate in London as Premier Li Keqiang seeks to bolster global usage of the currency. The People's Bank of China announced the appointment today in a statement on its website and China Construction Bank confirmed by e-mail it will sign the agreement tomorrow. Bank of China Ltd. is the clearing bank for the Chinese currency in Hong Kong, Macau and Taipei, while the mandate in Singapore went to Industrial & Commercial Bank of China Ltd.''