跨境人民币服务能力进一步提升

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 35 billion RMB / 189 billion Turkish Lira, valid for three years and extendable by mutual consent [1] - The PBOC has signed bilateral currency swap agreements with 32 countries and regions, with a total scale of approximately 4.5 trillion RMB, which plays a positive role in maintaining global financial stability and supporting bilateral trade and investment [1] - The currency swap agreement helps promote bilateral trade development between China and its trading partners while effectively reducing exchange rate fluctuation risks [1] Group 2 - On the same day, the PBOC and the Central Bank of Turkey signed a memorandum of cooperation to establish a Renminbi clearing arrangement in Turkey, marking a new stage in financial cooperation between the two countries [2] - The Renminbi clearing arrangement is designed to facilitate cross-border settlements in local currencies for enterprises and financial institutions, further promoting trade and investment [2] - The PBOC has authorized 34 Renminbi clearing banks in 32 countries, covering major global economies, to support the development of local Renminbi business [2] Group 3 - Renminbi clearing banks provide funding clearing services for foreign financial institutions and can directly participate in domestic foreign exchange, interbank lending, and bond markets, offering Renminbi assets and liquidity [3] - These banks serve as important channels for transmitting Renminbi policies and business rules to local enterprises and financial institutions, helping them seize market opportunities and reduce business risks [3] - Renminbi clearing banks can actively participate in local foreign exchange and bond markets, issuing and innovating Renminbi-denominated financial products to enhance offshore trading [3] Group 4 - Renminbi clearing banks enhance cross-border Renminbi service capabilities and clearing efficiency, meeting the local currency settlement needs of enterprises in bilateral trade and investment activities [4] - As of the end of 2024, the number of foreign financial institutions with clearing accounts at Renminbi clearing banks has exceeded 1,000, indicating widespread acceptance and recognition [4] - The China Bank's 2025 "White Paper on Renminbi Internationalization" states that improved financial market connectivity will facilitate the cross-border circulation of Renminbi and optimize asset allocation [4]