Qi Lu Wan Bao·2025-08-07 08:24Core Viewpoint - As of the end of July, the Shandong Branch of Bank of China has achieved a record high in cross-border RMB settlement volume, maintaining the largest market share among financial institutions in Shandong Province [1] Group 1: Cross-Border RMB Settlement Growth - Since the launch of the cross-border RMB settlement pilot in 2009, RMB internationalization has progressed from regional to global, evolving from a settlement currency to a pricing and reserve currency [1] - The Shandong Branch has positioned RMB internationalization as a strategic business, enhancing operational quality and efficiency in this area [1] Group 2: Policy Expansion and Digital Upgrade - In 2023, the Shandong Branch completed the annual review and expansion of the cross-border RMB quality enterprise list, further broadening the coverage of RMB facilitation policies [2] - The bank has accelerated the digital upgrade of cross-border financial services, focusing on the "Cross-Border Remittance Express" product, which has improved product signing rates and online migration rates [2] - By the end of July, over 5,000 quality enterprises have benefited from direct cross-border remittance services, enhancing the efficiency of cross-border fund transfers for foreign trade enterprises [2] Group 3: Promotion and Outreach Activities - The Shandong Branch actively implements the People's Bank of China's policy on cross-border RMB promotion, conducting in-depth visits to nearly 1,000 foreign-related enterprises to understand their settlement needs [3] - The bank organized a promotional event in collaboration with Hainan Bank to help Shandong enterprises understand the latest policies of the Hainan Free Trade Port [3] - The bank has integrated cross-border RMB promotion into exhibitions, forming a professional presentation team to participate in events like the China-South Korea Expo, providing a comprehensive platform for trade negotiations and financial services [3] Group 4: Staff Training and Development - To enhance the ability of grassroots institutions to identify cross-border RMB business scenarios, the Shandong Branch developed a toolkit for cross-border RMB business scenarios and products [4] - A skills competition was held on June 30, involving 768 staff members from 16 secondary branches, aimed at improving policy knowledge and practical skills in cross-border RMB operations [4] Group 5: Global Operations and Services - The Bank of China has a presence in 64 countries and regions, making it the most globalized Chinese bank, which allows the Shandong Branch to provide high-quality cross-border financial services [5] - The bank has led the province in the number of "first-time users" of cross-border RMB services, guiding foreign-related enterprises to use RMB for cross-border settlements [5] - The Shandong Branch aims to continue promoting RMB internationalization while contributing to high-quality development and the new development pattern [5]