央行上海总部：2024年上海跨境人民币收付总额合计29.8万亿元，同比增长30%

Core Insights - The People's Bank of Shanghai reported that the total cross-border RMB payment amount in Shanghai reached 29.8 trillion yuan in 2024, marking a 30% year-on-year increase and maintaining the top position in the country [1]. Group 1: Business Development Strategies - The meeting emphasized five key areas for future work, starting with enhancing the strategic positioning of cross-border RMB to support Shanghai's foreign-related economic development [3]. - Banks are encouraged to innovate financial services for cross-border RMB, enhancing service capabilities both domestically and internationally, and leveraging the advantages of the Cross-Border Interbank Payment System (CIPS) [3]. - There is a focus on strengthening business capabilities to facilitate higher levels of trade and investment, promoting the use of RMB in cross-border transactions and embedding facilitation policies into operational procedures [4]. Group 2: Financial Innovation and Risk Management - The initiative aims to align with high-level openness by utilizing the free trade account as a financial testing ground, optimizing its functions to support Shanghai's international financial center development [4]. - A balanced approach to business development and risk prevention is crucial, with an emphasis on macro-prudential management of cross-border capital flows to avoid systemic risks [4].