HK Phoenix TV reports that Madoff got 150 years sentence in jail. He deserves such as a warning to others that financial crime will be dealt with seriously under US Law. The Judge is an American citizen of Chinese ancestry who came to US from Hong kong at the age of 2.
The Director of China People's Bank,i.e. the Central Bank of China announced cooperation and collaboration of Renmenbi i.e. Chinese currency with Hong Kong Dollars for settling accounts and details shall be worked out during the course of time.
RMB also had closer cooperation with banks in Taiwan.
The above would be of interest to Sino-American economics since USA is always concerned about cross-strait relations especially in the field of economics.
Francis Shieh a.k.a. Xie Shihao sharing such information with readers online.
Monday,June 29, 2009 at 8.38 p.m.
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