Key regions such as ASEAN and key enterprises such as central enterprises and municipal state-owned enterprises promote cross-border RMB settlement
April 27th, 2023

Regarding the cross-border use of RMB, Liu Xingya, deputy director of the Shanghai Headquarters of the People's Bank of China, said at a press conference today that it is better to guide financial institutions to provide suitable cross-border financial services for enterprises and promote the innovation of RMB cross-border investment and financing business. To meet the cross-border investment and financing needs of enterprises. Promote key areas such as iron ore, oil and natural gas to be settled in RMB, and promote cross-border RMB settlement in key areas such as the “Belt and Road Initiative” and ASEAN, as well as key enterprises such as central enterprises and municipal state-owned enterprises, so as to better serve the country’s key strategies.

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