HONG KONG, July 14 (Xinhua) -- Bank of China (Hong Kong) announced Tuesday that it had successfully conducted the first cross-border RMB trade finance transaction.

    The move marks the official launch of Hong Kong's RMB trade finance business after the RMB trade settlement transaction started in the city on July 6.

    To tie in with the launch of the RMB trade settlement and finance services, the bank also announced that had introduced a range of offers, covering instant opening of RMB account, a handling fee waiver for RMB remittances as well as preferential exchange rates.

    In addition, the bank has automatically extended the existing trade finance facility of its corporate customers to RMB trade transactions to better meet their business needs.