Central Bank: Cross-border trade RMB settlement expanded to the whole country

2023-01-07 08:05:30
Abstract Recently, the People's Bank, Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and China Banking Regulatory Commission jointly issued "on the expansion of cross-border trade RMB settlement areas," which clearly Hebei, Shanxi, Anhui, Jiangxi, Henan, Hunan, Guizhou, Shaanxi, Gansu, Qinghai and Ningxia...

Recently, the People's Bank of China, the Ministry of Finance, the Ministry of Commerce, the General Administration of Customs, the State Administration of Taxation and the China Banking Regulatory Commission jointly issued the Notice on Expanding the RMB Settlement Area for Cross-border Trade, clarifying Hebei, Shanxi, Anhui, Jiangxi, Henan, Hunan, Guizhou and Shaanxi. Enterprises in Gansu, Qinghai and Ningxia (autonomous regions) can carry out RMB settlement of cross-border trade; enterprises in Jilin Province, Heilongjiang Province, Tibet Autonomous Region and Xinjiang Uygur Autonomous Region carry out the settlement of foreign trade in the RMB settlement of export goods, extending from neighboring countries to All countries and regions outside the country. So far, the territory of cross-border trade in RMB settlement has been extended to the whole country.

Since the pilot of the RMB settlement of cross-border trade in June 2010 has been extended to 20 provinces (municipalities and autonomous regions) such as Beijing, the cross-border RMB settlement business has been carried out in an orderly manner, and the demand for cross-border settlement by enterprises and banks using RMB has been increasing. The expansion of the cross-border trade RMB settlement area to the whole country is an important measure to implement the national “Twelfth Five-Year Plan” and “expanding the cross-border use of RMB”. It can better meet the needs of enterprises and further promote trade and investment convenience. Chemical.  

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