Chinanews.com, January 11. According to news from the website of the Ministry of Commerce on the 11th, the Ministry of Commerce and the People's Bank of China jointly issued the "Notice on Further Supporting Foreign Economic and Trade Enterprises to Expand the Cross-border Use of Renminbi to Promote Trade and Investment Facilitation".
The notice emphasizes that local commercial authorities and branches of the People's Bank of China must thoroughly study and implement the spirit of the 20th CPC National Congress and the Central Economic Work Conference, fully understand the positive role of cross-border RMB business in serving the real economy and promoting trade and investment facilitation, and promptly identify and coordinate According to the needs of industry and enterprises, targeted measures should be taken in light of local conditions to create a good environment for the cross-border use of RMB.
The circular requires that various cross-border trade and investment be settled in RMB, and that banks be encouraged to provide more convenient and efficient settlement services; banks are encouraged to carry out overseas RMB loans, actively innovate products and services, and better meet the needs of enterprises for cross-border RMB investment and financing; Enterprises implement policies to enhance the sense of acquisition of high-quality enterprises, first-time households, small, medium and micro enterprises, and support core enterprises in the supply chain to play a leading role; relying on various open platforms such as the Free Trade Pilot Zone, Hainan Free Trade Port, and Overseas Economic and Trade Cooperation Zones, Promote the cross-border use of RMB; provide business support such as transaction matching, financial planning, and risk management according to the needs of enterprises, strengthen insurance protection, and improve cross-border RMB comprehensive financial services; play the guiding role of relevant funds and funds; carry out diversified publicity and training to promote Bank-enterprise docking to expand policy benefits.
(China New Finance and Economics)