Jin Rong Shi Bao·2025-09-11 03:10Core Viewpoint - The event held on September 9, organized by the People's Bank of China Fujian Branch and Xiamen Branch, aimed to promote the development of cross-border RMB business and strengthen cooperation between banks and enterprises, marking the 15th anniversary of cross-border RMB policies in Fujian [1][3]. Group 1: Business Development and Performance - The cross-border RMB business of the Xiamen Branch of the Bank of Communications has shown a positive trend, with a total cross-border RMB payment amount increasing by 66.5% in 2024 compared to the previous year, and the payment amount under goods trade increasing by 20.21% year-on-year [1]. - As of August 2025, the proportion of cross-border RMB settlements under goods trade increased by 2.76 percentage points compared to the end of the previous year [1]. Group 2: Service Innovation and Client Support - The bank focuses on "customer needs" and "strategic orientation," enhancing services through a dual-track system of "experts + teams" to support the establishment of "first-time clients" for cross-border RMB [2]. - The bank has developed an online product matrix covering cross-border payments and trade financing, leveraging a multilateral central bank digital currency bridge to address traditional cross-border payment challenges such as speed, cost, and complexity [2]. - A comprehensive financial service agreement was signed with Xiamen Jiaseng Supply Chain Co., Ltd., providing tailored services in international financial settlement, exchange rate risk management, and digital finance to reduce transaction costs and enhance fund management efficiency [2]. Group 3: Future Directions and Strategic Goals - The successful signing of the cross-border RMB financial service agreement reflects the Xiamen Branch's commitment to supporting enterprises in cross-border development in alignment with national policies [3]. - The bank plans to continue following policy guidance, deepen product innovation, and enhance cooperation with enterprises to improve cross-border financial service levels and contribute to the high-quality development of local cross-border finance and the internationalization of RMB [3].