Financial Performance - In the first half of 2025, Henan's social financing scale increased by 682.95 billion yuan, a year-on-year increase of 9.01 billion yuan [2] - As of the end of June, the balance of various deposits in the province reached 11.7 trillion yuan, a year-on-year growth of 9.2%, exceeding the national average by 0.6 percentage points [2] - The balance of agricultural loans reached 2.6 trillion yuan, with an increase of 110.71 billion yuan since the beginning of the year [2] Cross-Border Transactions - The total amount of cross-border RMB transactions in Henan reached 180.69 billion yuan, marking a year-on-year growth of 30.8%, and setting a historical high for the same period [2][4] - Among the cross-border transactions, the RMB settlement for goods trade amounted to 122.42 billion yuan, reflecting a year-on-year increase of 34.5% [2] Loan Distribution - The balance of loans to enterprises reached 5.8 trillion yuan, with a year-on-year growth of 8.9%, outpacing the overall loan growth rate by 2 percentage points [3] - Small and micro enterprises saw an increase in loans by 158.58 billion yuan, with a year-on-year increase of 42.3 billion yuan [3] - The balance of technology loans reached 1.05138 trillion yuan, with a year-to-date increase of 94.27 billion yuan, representing a year-on-year growth of 13.5% [3] Strategic Initiatives - The province is focusing on integrating finance, technology, and industry to support the development of new productive forces and high-level technological self-reliance [3] - As of the end of May, the loan approval rate for technology enterprises reached 53.7%, an increase of 11.6 percentage points since the beginning of the year [3] Quality Enterprises - The number of quality enterprises in Henan has expanded from 176 in 2021 to 473 in the first half of this year, achieving "instant" cross-border RMB settlement [4] - Since the launch of cross-border RMB settlement, banks in Henan have facilitated 29,000 transactions for quality enterprises, totaling 303.4 billion yuan [4]

Key Points - The central bank reported that in the first half of the year, RMB loans increased by 12.92 trillion yuan, and the cumulative social financing scale increased by 22.83 trillion yuan, which is 4.74 trillion yuan more than the same period last year [2][13] Monetary Growth - As of the end of June, the broad money (M2) balance was 330.29 trillion yuan, with a year-on-year growth of 8.3%. The narrow money (M1) balance was 113.95 trillion yuan, growing by 4.6% year-on-year. The currency in circulation (M0) was 13.18 trillion yuan, with a year-on-year increase of 12% [2] RMB Loans - By the end of June, the balance of RMB loans was 268.56 trillion yuan, reflecting a year-on-year growth of 7.1%. In the first half of the year, RMB loans increased by 12.92 trillion yuan, with household loans increasing by 1.17 trillion yuan and corporate loans increasing by 11.57 trillion yuan [3] RMB Deposits - The balance of RMB deposits reached 320.17 trillion yuan by the end of June, with a year-on-year growth of 8.3%. In the first half of the year, RMB deposits increased by 17.94 trillion yuan, with household deposits increasing by 10.77 trillion yuan [5] Foreign Currency Loans and Deposits - The balance of foreign currency loans was 560.9 billion USD, showing a year-on-year decrease of 10.6%. In the first half of the year, foreign currency loans increased by 18.8 billion USD. The balance of foreign currency deposits was 1.02 trillion USD, with a year-on-year growth of 21.7% [4][6] Interbank Market Rates - In June, the weighted average interest rate for interbank RMB market lending was 1.46%, lower than the previous month and the same period last year. The weighted average interest rate for pledged bond repurchase was 1.5%, also lower than the previous month and the same period last year [6] Foreign Exchange Reserves - By the end of June, the national foreign exchange reserves stood at 3.32 trillion USD, with the RMB exchange rate at 1 USD to 7.1586 RMB [7] Cross-Border RMB Settlement - In the first half of the year, the cross-border RMB settlement amount under current accounts was 8.3 trillion yuan, with direct investment cross-border RMB settlement amounting to 4.11 trillion yuan [8]

央行：上半年经常项下跨境人民币结算金额为8.3万亿元 智通财经7月14日电，央行14日发布数据显示，上半年，经常项下跨境人民币结算金额为8.3万亿元，其 中货物贸易、服务贸易及其他经常项目分别为6.38万亿元、1.92万亿元；直接投资跨境人民币结算金额 为4.11万亿元，其中对外直接投资、外商直接投资分别为1.46万亿元、2.65万亿元。 ...

Group 1 - The core viewpoint of the articles highlights the successful implementation of a cross-border RMB comprehensive service scheme by Bank of Communications Shandong Branch, which helps a multinational company mitigate dual exchange rate risks in trade between China and Brazil [1][2] - Brazil, as a key member of BRICS and the largest economy in Latin America, is an important strategic partner for China in promoting economic cooperation in emerging markets [1] - The multinational company faced challenges in trade with Brazil due to the need for dual currency conversion, which increased exchange costs and financial risks due to USD exchange rate volatility [1] Group 2 - The Bank of Communications Shandong Branch has designed a "Brazilian Real/RMB direct exchange + CIPS clearing" mechanism to address the currency conversion issues, enhancing the efficiency of fund turnover and reducing exchange costs [1][2] - This practice exemplifies the bank's commitment to expanding RMB applications in Brazil, aiming to establish a comprehensive service system that integrates local currency settlement, trade financing, and exchange rate hedging [2] - The initiative reduces reliance on third-party currencies and addresses the "currency mismatch" issue between emerging market countries, providing financial infrastructure support for a new ecosystem in China-Brazil trade [2]

据中国银联网站消息，7月6日，金砖国家领导人第十七次会晤期间，银联国际宣布与中国工商银行（巴 西）有限公司（下称"工银巴西"）签署合作备忘录，共同推进中巴跨境二维码互联互通。未来，银联云 闪付APP及银联合作钱包可以在巴西PIX网络内二维码商户直接进行扫码支付。工银巴西作为巴西人民 币清算行，提供跨境二维码互联互通的人民币清算服务。项目落地后，将在巴西零售金融领域首次实现 跨境人民币结算。 ...

Group 1: Economic Development and Policy Initiatives - Xiamen has transformed from a "test field" to a "demonstration zone" over 40 years of reform and opening up, showcasing significant economic development [1] - The Xiamen Free Trade Zone (FTZ) has introduced 632 innovative measures, contributing to national reform and providing replicable experiences [1][3] - The FTZ has become a key area for major reform policies, with 153 nationally pioneering initiatives and 31 "Xiamen experiences" promoted by the State Council [3] Group 2: Offshore Trade and Financial Innovations - The Xiamen FTZ has seen rapid growth in offshore trade and cross-border e-commerce, with policies established to support these new business models [4] - A "Global Supply Chain and Offshore Trade Financial Service Platform" was launched to enhance trade authenticity verification and reduce risks [4][5] - The FTZ has been designated as a pilot city for new offshore international trade, with policies that significantly lower transaction costs for businesses [5] Group 3: Cross-Border Trade Facilitation - Recent pilot policies have simplified cross-border trade and investment processes, reducing the time for transactions from a week to one day [7][8] - The implementation of cross-border RMB settlement has increased efficiency and reduced costs for enterprises, with a 27.7% average growth in cross-border RMB settlement over the past five years [9][10] - Companies have reported improved operational efficiency and reduced financial management costs due to the adoption of cross-border RMB transactions [11]

Group 1 - The core viewpoint is that the cross-border RMB settlement scale in Tianjin has increased by 15% year-on-year from January to May 2025, driven by the efforts of the People's Bank of China Tianjin Branch to enhance the effectiveness of cross-border RMB services for the real economy and significantly facilitate trade and investment [1] - The establishment of a "bank-government-enterprise" collaborative mechanism has led to the precise engagement of over 350 key enterprises, promoting policy awareness and incentivizing financial institutions to support real enterprises [1] - The number of banks involved in current account settlements in Tianjin has doubled in the first five months of 2025, indicating a significant increase in cross-border RMB services [1] Group 2 - In the leasing industry, Tianjin has innovatively guided the conversion of currency for ship transaction settlements, resulting in a full-chain model of "RMB for ship purchase + pricing for leasing + rent collection," with a business scale exceeding 9 billion yuan by May 2025 [2] - In the bulk commodity sector, the settlement scale for domestic enterprises using RMB for "financing + settlement" with overseas platforms has increased by 12% in the first five months of 2025 [2] - The cross-border e-commerce sector has seen a remarkable surge, with settlement scale increasing 13 times due to the provision of "one-stop" online services by banks under the guidance of the People's Bank of China Tianjin Branch [2] - For large equipment exports, the People's Bank of China Tianjin Branch has guided banks to provide comprehensive service solutions, resulting in an 80% year-on-year growth in related cross-border RMB business [2]

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]

Group 1 - The core viewpoint is that the cross-border RMB settlement volume in Shanghai is rapidly increasing, with the total revenue and expenditure expected to reach nearly 30 trillion yuan in 2024, accounting for 47% of the national business volume [1] Group 2 - The People's Bank of China has been actively supporting the construction of Shanghai as an international financial center by implementing a series of policy measures focused on key areas [1] - The policies have yielded positive results, contributing to the significant growth in cross-border RMB settlement [1]

Monetary Growth - As of the end of April, the broad money supply (M2) reached 325.17 trillion yuan, growing by 8% year-on-year [2] - The narrow money supply (M1) stood at 109.14 trillion yuan, with a year-on-year increase of 1.5% [2] - The currency in circulation (M0) amounted to 13.14 trillion yuan, reflecting a year-on-year growth of 12% [2] Loan and Deposit Statistics - By the end of April, the total RMB loans increased by 1.006 trillion yuan in the first four months, with the total RMB loan balance at 265.7 trillion yuan, up 7.2% year-on-year [3] - The total RMB deposits rose by 1.255 trillion yuan in the first four months, with the RMB deposit balance at 314.78 trillion yuan, also up 8% year-on-year [4] Interbank Market Activity - In April, the average weighted interest rate for interbank RMB lending was 1.73%, down 0.12 percentage points from the previous month and 0.14 percentage points from the same period last year [5] - The total transaction volume in the interbank RMB market reached 176.45 trillion yuan in April, with an average daily transaction of 8.02 trillion yuan, a year-on-year decrease of 4% [5] Cross-Border RMB Settlement - In April, the cross-border RMB settlement amount under the current account was 1.51 trillion yuan, with direct investment cross-border RMB settlement amounting to 0.72 trillion yuan [6] Social Financing Scale - As of the end of April, the total social financing scale was 424.0 trillion yuan, growing by 8.7% year-on-year [8] - The balance of RMB loans to the real economy was 262.27 trillion yuan, increasing by 7.1% year-on-year [8] Incremental Social Financing - In the first four months of 2025, the cumulative increase in social financing was 16.34 trillion yuan, which is 3.61 trillion yuan more than the same period last year [11] - The increase in RMB loans to the real economy was 9.78 trillion yuan, which is 339.7 billion yuan more than the previous year [11]