Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are focusing on enhancing cross-border trade facilitation to support foreign trade enterprises amid increasing international financial market volatility and challenges in international economic activities [1] Group 1: Policy Initiatives - The People's Bank of China and the State Administration of Foreign Exchange will continue to expand the supply of cross-border trade facilitation policies [1] - Multiple measures will be implemented to help foreign trade enterprises reduce costs and improve efficiency in cross-border settlements [1] Group 2: Currency Usage - Using the Renminbi in cross-border trade can help foreign trade enterprises reduce exchange rate risks and lower foreign exchange costs [1] - The People's Bank of China will guide the establishment of a higher-level trade settlement facilitation pilot for cross-border Renminbi business [1] Group 3: Regional Cooperation - There will be efforts to promote mutual recognition of cross-border Renminbi facilitation business among financial enterprises in the Beijing-Tianjin-Hebei region [1] - Support will be provided to large manufacturing and automobile trading enterprises to simplify settlement processes and enhance operational efficiency [1] Group 4: Financial Impact - The total amount of facilitation business conducted by banks in the Beijing area has exceeded 2.2 trillion Renminbi [1]
人民银行北京市分行副行长周军明:将多措并举推动外贸企业跨境结算降本增效
news flash·2025-06-12 08:19