Core Insights - The article discusses the efforts of the Agricultural Development Bank of China in promoting the internationalization of the Renminbi (RMB) through cross-border settlement initiatives, particularly in collaboration with key enterprises like Pizhou Economic Development Holding Group [1][2] - The challenges faced by enterprises in adopting RMB for cross-border transactions include complex policies, compliance barriers, and insufficient offshore RMB liquidity, which hinder operational efficiency [1][2] Group 1 - The Agricultural Development Bank of China is actively engaging with Pizhou Economic Development Holding Group, a significant foreign-related enterprise involved in cross-border infrastructure investment and green energy equipment trade [1] - The group is exploring RMB cross-border settlement but faces challenges such as frequent policy updates and differing regulatory requirements between domestic and foreign jurisdictions, leading to high compliance costs [1] - Insufficient RMB liquidity in Southeast Asia and Central Asia complicates repayment sources and limits settlement efficiency for the group's green energy projects [1] Group 2 - The bank emphasizes that prioritizing RMB for cross-border settlements is more convenient and will accelerate the RMB internationalization process, especially in the context of the ongoing US-China trade tensions [2] - A tailored "one enterprise, one policy" approach will be developed, including the establishment of a dedicated cross-border service team to provide monthly policy updates and leverage provincial resources [2] - The bank aims to enhance the flow of policies, liquidity, and risk control through customized services, supporting enterprises in cautiously participating in the RMB internationalization process [2]