The Ministry of Commerce of China and the People's Bank of China issued a notice to further support foreign economic and trade enterprises to expand the cross -border use of RMB and promote the facilitation of trade and investment.
According to the CCTV news client, notify the request to facilitate various cross -border trade investment to use the RMB to be priced and settled, and promote banks to provide more convenient and efficient settlement services; encourage banks to carry out overseas RMB loans to better satisfy enterprises better satisfied with enterprisesCross -border RMB investment and financing demand; convenient cargo trade, service trade and various types of trade new formats cross -border RMB settlement, support large commodity renminbi pricing settlement, and support overseas investors to invest in China with RMB and domestic reinvestment.Efforts will be made to increase support for small and medium -sized enterprises, facilitate its use of RMB settlement in cross -border trade investment, avoid exchange rate risks, and reduce exchange costs.
Xuanchang, the Vice President of the People's Bank of China, said in an interview that at present, nearly half of the cross -border transactions carried out by various types of Chinese subjects have used RMB settlement. In the next step, the People's Bank of China will further furtherConsolidate the institutional foundation of the cross -border RMB business, improve the construction of infrastructure in the use of RMB cross -border, and build a more friendly policy environment for the use of RMB to use RMB to the main body at home and abroad.
The Ministry of Commerce said that in recent years, Chinese enterprises have more deeply incorporated into the global industrial chain, supply chain and value chain, and their willingness and demand for cross -border use of RMB has continued to increase.The competent business departments of various localities and branches of the People's Bank of China should timely arrange and connect with the needs of industry enterprises to create a good policy environment for the use of RMB cross -border.
