Announcement out on both websites. Rtrs reporting

The ccy swap deal signed in Oct 2013 totals 350bln yuan ( €45bln) and two tests have been conducted in April and November

PBOC says the tests are a step toward facilitating better trade and investment between Chins and Eurozone

ECB says:

  • The tests serve to confirm operational readiness and are not a precursor to activation of a swap
  • Swap arrangement contributes to global financial stability
  • Liquidity providing arrangements contribute to global financial stability and the arrangement with the PBC is a recognition of the rapidly growing bilateral trade and investment between the euro area and China

More at the ECB site here