The two departments will further support foreign trade enterprises in expanding cross-border use of
发布日期：2023-01-12
The Ministry of Commerce and the People's Bank of China jointly issued a Circular on Further supporting foreign trade enterprises to expand the cross-border use of RMB to promote trade and investment facilitation, in order to further facilitate the use of RMB in cross-border trade and investment and better meet the market demand for trade settlement, investment and financing, risk management and other market demands of foreign trade and investment enterprises, the Ministry of Commerce and the People's Bank of China learned from the reporters on November 11.
Local commerce authorities and branches of the People's Bank of China should thoroughly study and implement the spirit of the 20th CPC National Congress and the Central Economic Work Conference, fully recognize the positive role of cross-border RMB business in serving the real economy and promoting trade and investment facilitation, adhere to market-driven and independent choices of enterprises, and timely explore and coordinate the needs of enterprises in industries, the circular said. We will take targeted measures in light of local conditions, focus on addressing the "urgent difficulties and worries" of foreign trade and economic enterprises, and create a favorable policy environment for the cross-border use of RMB.
The circular calls for facilitating the use of renminbi for pricing and settlement of all types of cross-border trade and investment, and urging banks to provide more convenient and efficient settlement services. We will encourage banks to conduct overseas RMB loans and actively innovate products and services to better meet the cross-border RMB investment and financing needs of enterprises. With the help of policies taken by enterprises, we will enhance the sense of gain of main entities such as high-quality enterprises, first-time customers, small, medium and micro enterprises, and support core enterprises in the supply chain to play a leading role; We will promote the cross-border use of RMB through various open platforms such as pilot Free trade zones, Hainan Free Trade Ports and overseas economic and trade cooperation zones. Provide business support such as deal making, financial planning and risk management according to the needs of enterprises, strengthen insurance guarantee, and improve cross-border RMB comprehensive financial services; Giving play to the guiding role of relevant funds and funds; We will carry out a variety of publicity and training, promote the connection between banks and enterprises, and expand the scope of policy benefits. (Article source: Xinhuanet)
Local commerce authorities and branches of the People's Bank of China should thoroughly study and implement the spirit of the 20th CPC National Congress and the Central Economic Work Conference, fully recognize the positive role of cross-border RMB business in serving the real economy and promoting trade and investment facilitation, adhere to market-driven and independent choices of enterprises, and timely explore and coordinate the needs of enterprises in industries, the circular said. We will take targeted measures in light of local conditions, focus on addressing the "urgent difficulties and worries" of foreign trade and economic enterprises, and create a favorable policy environment for the cross-border use of RMB.
The circular calls for facilitating the use of renminbi for pricing and settlement of all types of cross-border trade and investment, and urging banks to provide more convenient and efficient settlement services. We will encourage banks to conduct overseas RMB loans and actively innovate products and services to better meet the cross-border RMB investment and financing needs of enterprises. With the help of policies taken by enterprises, we will enhance the sense of gain of main entities such as high-quality enterprises, first-time customers, small, medium and micro enterprises, and support core enterprises in the supply chain to play a leading role; We will promote the cross-border use of RMB through various open platforms such as pilot Free trade zones, Hainan Free Trade Ports and overseas economic and trade cooperation zones. Provide business support such as deal making, financial planning and risk management according to the needs of enterprises, strengthen insurance guarantee, and improve cross-border RMB comprehensive financial services; Giving play to the guiding role of relevant funds and funds; We will carry out a variety of publicity and training, promote the connection between banks and enterprises, and expand the scope of policy benefits. (Article source: Xinhuanet)
