人民币清算行安排迎新进展：中国、土耳其两国央行签署合作备忘录

Group 1 - The People's Bank of China (PBOC) and the Central Bank of Turkey have renewed a bilateral currency swap agreement with a scale of 350 billion RMB / 189 billion Turkish Lira, valid for three years, which can be extended by mutual consent [1] - This agreement signifies a new level of financial cooperation between China and Turkey, facilitating the use of local currencies for cross-border settlements and promoting bilateral trade and investment [1] - Following this agreement, the PBOC has signed bilateral currency swap agreements with 32 countries and regions, with a total swap scale of approximately 4.5 trillion RMB [1] Group 2 - The establishment of Renminbi (RMB) clearing arrangements is a trust mechanism between the PBOC and foreign central banks to support local RMB business development, which began in Hong Kong and Macau [2] - As of the end of 2024, over 1,000 foreign financial institutions have opened clearing accounts with RMB clearing banks, which have been widely accepted and recognized by various central banks and mainstream financial institutions [2] Group 3 - RMB clearing banks provide funding clearing services for foreign financial institutions and can offer RMB assets and liquidity by participating directly in the domestic foreign exchange, interbank lending, and bond markets [3] - These banks can develop diversified RMB products tailored to the economic characteristics and trade structures of the host country, enhancing the overall cross-border RMB service capabilities and clearing efficiency [3] - RMB clearing banks serve as important channels for transmitting RMB policy and business rules in offshore markets, helping local enterprises and financial institutions grasp market opportunities and reduce business risks [3]